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<\/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