July 15, 2026
Matrix Multifamily Seattle Report – July 2026
Seattle edges up
The average advertised asking rent was $2,226 through May, marking a 0.2 percent increase on a T3 basis that was 10 bps below the U.S. average. In the first five months of 2026, Seattle developers added 1,932 units, which amounted to 0.6 percent of existing stock, 10 bps behind the national rate of completions.
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