Vacancy rates are up to 7.5 percent in greater Seattle, and many landlords are offering deals like a month's free rent.
Seattle rents have shot up in recent years, but a recent trend shows that upward progress maybe slowing. A growing number of landlords have been offering incentives like free rent or parking to try to fill their units. In greater Seattle, the vacancy rate is up from previous years to 7.5 percent, signaling that supply in the area is catching up with demand from renters.
And incentives don't only include rent. "Others offered gift cards that went as high as $2,500. Some promised free Amazon Echos. There were memberships to outside gyms given away, and free Uber credits," Mike Rosenberg writes for The Seattle Times. As in other industries, landlords hope once tenants move in they will be unlikely to want to move after they've used up their incentives.
If renters wish to become house hunters, however, they will still have to contend with a very pricey real estate market, with rising prices for houses and condos.
Indiana Once Again Considering Ban on Dedicated Transit Lanes
The proposed legislation would impact the construction of planned IndyGo Blue Line, the third phase of the city’s bus rapid transit system.
4 Ways to Use AI in Urban Planning and City Design
With the ability to predict trends, engage citizens, enhance resource allocation, and guide decision-making, artificial intelligence has the potential to serve as planners’ very own multi-tool.
LA’s ‘Spongy’ Infrastructure Captured Almost 9 Billion Gallons of Water
The city is turning away from stormwater management practices that shuttle water to the ocean, building infrastructure that collects and directs it underground instead.
An Affordable Housing Model for Indigenous Americans
Indigenous people make up a disproportionately high percentage of the unhoused population, but many programs designed to assist them don’t reach those most in need.
Oregon Bill Would Ban E-Bikes for Riders Under 16
State lawmakers seek to change Oregon e-bike laws following the death of a 15-year old last summer.
Northeastern Waterways More Polluted After Wet Year
Intense rains washed more runoff into local bodies of water, while warmer temperatures contributed to the growth of an invasive bloom.
Tufts University Department of Urban and Environmental Policy and Planning
City of Grand Forks, North Dakota
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.