{"id":10631,"date":"2026-03-06T08:04:00","date_gmt":"2026-03-06T08:04:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10631"},"modified":"2026-07-24T09:00:06","modified_gmt":"2026-07-24T09:00:06","slug":"seattle-multifamily-market-report-february-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-february-2026\/","title":{"rendered":"Seattle Multifamily Market Report \u2013 February 2026"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/seattle-multifamily-market-report\/\">Seattle Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<h2>High Supply Keeps Pressure on Rents<\/h2>\n<p>Seattle\u2019s multifamily fundamentals were a mixed bag at the end of 2025, with average advertised asking rents down 0.7%, on a trailing three-month basis through December, to $2,197, lagging the national rate, which declined 0.3% to $1,737, according to the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market report<\/strong><\/a>. Rents fell 0.9% year-over-year, while the national rate remained unchanged. The occupancy rate in stabilized properties continued to improve, up 30 basis points year-over-year, to 95.5% in November.<\/p>\n<p><iframe id=\"datawrapper-chart-aQlSu\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Seattle vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/aQlSu\/1\/\" height=\"326\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Employment growth decelerated to 0.6% year-over-year through September, trailing the 0.8% U.S. rate. Unemployment rose to 5.1% in November, underperforming both the state (4.6%) and national rates (4.5%). Seattle lost 1,800 net jobs in the 12 months ending in September, with gains in four sectors, led by education and health services (8,500 jobs) and professional and business services (2,200). The other six sectors lost 14,400 jobs overall, led by manufacturing (-6,700) and mining, logging and construction (-5,300). Major CRE drivers included the completion of the 20- acre Waterfront Park and continued upgrades at Seattle-Tacoma International Airport under the Upgrade SEA program.<\/p>\n<p><iframe id=\"datawrapper-chart-RoV2u\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Seattle Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/RoV2u\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Supply growth moderated in 2025 with 9,122 units delivered and 14,426 underway. New construction fell 20% year-over-year, and Yardi Matrix expects deliveries to ease further, to 8,434 units. Investment activity totaled $3.9 billion in 2025, with the average price per unit up 6.3% year-over-year, to $335,600 in December.<\/p>\n<p>Read the full Yardi Matrix Seattle Multifamily Market Report <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8388-MatrixMultifamilySeattleReport-February2026\"><strong>February 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>High Supply Keeps Pressure on Rents Seattle\u2019s multifamily fundamentals were a mixed bag at the end of 2025, with average advertised asking rents down 0.7%, on a trailing three-month basis through December, to $2,197, lagging the national rate, which declined 0.3% to $1,737, according to the national multifamily market report. Rents fell 0.9% year-over-year, while [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":10114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[519,468],"class_list":["post-10631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2026","tag-seattle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Seattle Multifamily Market Report \u2013 February 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Seattle\u2019s occupancy rose 30 bps YoY to 95.5 percent in November as deliveries moderated, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-february-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seattle Multifamily Market Report \u2013 February 2026\" \/>\n<meta property=\"og:description\" content=\"Seattle\u2019s occupancy rose 30 bps YoY to 95.5 percent in November as deliveries moderated, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-february-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-06T08:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-24T09:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/11\/Seattle-iStock-2215782035-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Seattle Multifamily Market Report \u2013 February 2026 - 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