{"id":2453,"date":"2021-11-22T13:07:14","date_gmt":"2021-11-22T13:07:14","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2453"},"modified":"2023-09-21T11:10:57","modified_gmt":"2023-09-21T11:10:57","slug":"seattle-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/","title":{"rendered":"Seattle Multifamily Market Report – Fall 2021"},"content":{"rendered":"

Rents Rebound, Deliveries Slow Down<\/strong><\/h2>\n

As the economy in the Puget Sound area gets going again<\/strong><\/a> and people move back into city centers, rents are also steadily increasing. Through September, Seattle rates rose 2.0% on a trailing three-month basis and 10.0% on a year-over-year basis. The slow pace of deliveries since the outbreak of the health crisis kept the average rent ($2,046) well above the $1,558 national figure.<\/p>\n

As of July, the metro\u2019s unemployment rate was 5.3%, with Seattle regaining 101,100 jobs year-over-year. After going through a rough time in 2020, the Emerald City\u2019s economy is bouncing back, mainly powered by its tech giants. Amazon plans to expand to Bellevue and create 7,000 new jobs over the next few years, while Microsoft intends to continue work at its Redmond campus expansion, which will eventually accommodate 8,000 employees. Moreover, Seattle landed the ninth spot in the Urban Land Institute<\/strong><\/a> and PricewaterhouseCoopers\u2019 ranking of top real estate markets to watch in 2022, which is bound to further boost its overall appeal.<\/p>\n

Only 5,125 units were added to Seattle\u2019s inventory in the first three quarters of the year, well below the 10,792-unit annual average for the past five years. But transaction activity has already surpassed last year\u2019s total volume of $1.9 billion, a sign that the metro\u2019s multifamily investment market is gradually coming out of the health crisis-induced numbness.<\/p>\n

Read the full Matrix Multifamily Seattle Report-Fall 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rents Rebound, Deliveries Slow Down As the economy in the Puget Sound area gets going again and people move back into city centers, rents are also steadily increasing. Through September, Seattle rates rose 2.0% on a trailing three-month basis and 10.0% on a year-over-year basis. The slow pace of deliveries since the outbreak of the […]<\/p>\n","protected":false},"author":650,"featured_media":2454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[221,468],"class_list":["post-2453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2021","tag-seattle"],"yoast_head":"\nSeattle Multifamily Market Report - Fall 2021 - Yardi Matrix Blog<\/title>\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-fall-2021\/\" \/>\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 - Fall 2021\" \/>\n<meta property=\"og:description\" content=\"Rents Rebound, Deliveries Slow Down As the economy in the Puget Sound area gets going again and people move back into city centers, rents are also steadily increasing. Through September, Seattle rates rose 2.0% on a trailing three-month basis and 10.0% on a year-over-year basis. The slow pace of deliveries since the outbreak of the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-22T13:07:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T11:10:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Calugar\" \/>\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 - Fall 2021 - Yardi Matrix Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/","og_locale":"en_US","og_type":"article","og_title":"Seattle Multifamily Market Report - Fall 2021","og_description":"Rents Rebound, Deliveries Slow Down As the economy in the Puget Sound area gets going again and people move back into city centers, rents are also steadily increasing. Through September, Seattle rates rose 2.0% on a trailing three-month basis and 10.0% on a year-over-year basis. The slow pace of deliveries since the outbreak of the […]","og_url":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-11-22T13:07:14+00:00","article_modified_time":"2023-09-21T11:10:57+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Laura Calugar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Seattle Multifamily Market Report – Fall 2021","datePublished":"2021-11-22T13:07:14+00:00","dateModified":"2023-09-21T11:10:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/"},"wordCount":232,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg","keywords":["Multifamily Outlook 2021","Seattle"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/","url":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/","name":"Seattle Multifamily Market Report - Fall 2021 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg","datePublished":"2021-11-22T13:07:14+00:00","dateModified":"2023-09-21T11:10:57+00:00","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg","width":1200,"height":628,"caption":"Image by stockphoto52\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/seattle-multifamily-market-report-fall-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Seattle Multifamily Market Report – Fall 2021"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0","name":"lilianam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45984043e497a4c112cc391ba1c7376592e14880c782c889d4abfed0aeefa8ad?s=96&d=mm&r=g","caption":"lilianam"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Seattle-iStock-1348129982.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/2453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/650"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=2453"}],"version-history":[{"count":2,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/2453\/revisions"}],"predecessor-version":[{"id":4516,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/2453\/revisions\/4516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/2454"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=2453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=2453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=2453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}