In this area, the rental market is very seasonal. The greatest demand is typically during the summer months and slowest during the holiday season. While rents are still high, the seasonal slowing is starting earlier than usual this year. This is believed to be due to the number of new apartments in the area. In the last five years, more new apartments have opened in the Seattle area than in the last 25 years combined. New apartments are offering significant move in incentives – more than doubled what was being offered six months ago. These are affecting even the single-family home rental market.
We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
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