• The State of the Seattle Landlord

    To the outside observer, it may seem that landlords have never had it better in Seattle! High-paid, tech renters are moving to Seattle by the hundreds each week. Rents continue their upward ascendency, and vacancy is low across the city. Yet every silver lining has a cloud. Seattle landlords are also dealing with a bevy

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  • Seattle Leads the Nation in Rent Growth

    Seattle has earned itself several new rankings so far in 2017 – the city has been named the no. 6 top tech city in the country, it’s the fastest-growing big city, and it has the fastest growing housing market. This week, Seattle sticks out for a different reason: Seattle has the highest rent growth of

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  • Is Seattle an 18-Hour City?

    24-hour cities like New York and Los Angeles have been the obvious choice for investors for years, but lately investment dollars seek an emerging new trend: the 18-hour city. These cities are not quite ‘around-the-clock’ global centers, yet are burgeoning urban hubs coming to define the ever sought-after work-live-play lifestyle. There’s no question of whether

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  • The Generation Gaps in Seattle’s Rental Market

    It doesn’t take more than a long evening in South Lake Union’s traffic to know that Seattle has changed a lot in the last decade. I’ve written about many of the drivers of this change – from Amazon’s growth to the resulting tech flywheel effect, and the influx of high-wage talent, etc. But there are

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  • Seattle: The Great, the Good, the Worrisome

    The Great: Seattle Salaries Rising Glassdoor recently released their Local Pay Report, and surprise, surprise: Seattle median salaries are growing across the board! Seattle’s median salary is 14 percent higher than the national average, and high-wage, in-demand positions like software engineer and data analyst are seeing steady salary increases year-over-year. Increases in tech salaries make

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  • How Much Parking Do We Really Need?

    As an apartment owner or developer, the question of parking is becoming more and more critical.  Yes, parking can drive revenue – yet it is also very costly to build, and if use (and therefore income) declines, parking is very difficult to repurpose. Several factors are making the parking question increasingly important to analyze in

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  • Seattle’s Rising Tide Keeps Rising

    National news got you down? Worry not! While the U.S. GDP languishes – only growing by 0.7% in the first quarter – the Puget Sound region and Washington state are recording phenomenal economic growth metrics. Why does Gross Domestic Product (GDP) matter?  Production is directly related to demand, and growing (or expansion) of demand puts

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  • 4 Myths about Micros (and SEDUs!)

    I’ve developed a real affection for micro & SEDU housing over the past few years, and I talk about this product type with a lot of developers, property owners, and Seattle residents. Most of the people who work with or live in micro housing love them. But I also hear a lot of rumors, stereotypes,

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  • 5 Trends from 1Q 2017 You Need to Know

    The first quarter of the year typically sets the pace for the rest of the year, and so far 2017 is on a great track! Once more Seattle and the Puget Sound region is outshining the nation economically –more cranes, higher apartment rent growth, and rapidly expanding economic conditions! Nationally, 1Q GDP missed its mark,

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  • The Great Apartment Amenity War in Seattle

    Last year, an apartment complex in Seattle’s Fremont neighborhood called Bowman made headlines when they announced their latest amenity for residents: a chicken coop on the roof! The building’s developers said that the feature seemed like a great fit in the Fremont community, and that in the Seattle apartment developers race to offer amenities, a

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