After seven months of rent growth in negative territory, Seattle\u2019s multifamily market is showing some improvement. Average advertised asking rents were up 0.2%, on a trailing three-month basis as of May, to $2,226, 10 basis points below the U.S. rate, according to the national multifamily market report<\/strong><\/a>. Working-class, Renter-by-Necessity assets also saw a 0.3% uptick in rates. The metro\u2019s average overall occupancy rate in stabilized properties stood at 94.8% as of April, representing a 60-basis point decrease year-over-year.<\/p>\n