Seattle Sees Persistent Demand for Apartments

Data from a 2015 study of Seattle housing shows demand for apartment is robust and likely to stay that way.
October 14, 2016, 12pm PDT | Casey Brazeal | @northandclark
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Jeff

According to Roger Valdez of Smart Growth Seattle, trends toward apartment living are not a passing fad, or some anomalous feature of the recession. "In Seattle, and all over the country, people are not buying single-family homes in the numbers we’ve seen in previous decades. And younger households are staying rental units longer."

Valdez cites a 2015 market study from the O'Conner Group, that says, "We predict 60% of all new households in the Seattle-MD will be renters (in 2016)." The forecasts, which extend to 2022, predict that number will decreasing only two percent in the intervening period.

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Published on Monday, October 10, 2016 in Smart Growth Seattle
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