10,000 Apartment Units Coming in 2017
Wow, the Seattles Times has dug into the apartment construction pipeline and the amount of apartment units coming is staggering, Seattle’s record apartment boom is ready to explode; what it means for rents.
The magnitude of the construction is remarkable. The city is on pace to see more apartments built this decade than in the previous 50 years combined — and the vast majority of the new units haven’t opened yet, according to the Dupre + Scott research firm.
Pay attention amateur landlords, as we pointed out earlier, you can’t take rising rents for granted.