• 5 Things I Heard at RealShare

    This past week I spent several days in Los Angeles as the RealShare Apartments 2017 conference.  Attendance was in the thousands and among participants were investors, developers, lenders, brokers – and just about every other possible participant in the apartment investment market ecosystem. It was yet another vibrant event, full of cautious optimism and sharing

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  • Vacancy Isn’t Rising Everywhere, Where to Invest

    The topic of apartments permeates Seattle news headlines these days.  One article espouses that the boom is soon-to-be-over with escalating vacancy rates, while the next day the Seattle Times reports record absorption of new apartment units newly delivered to the market. Which way is up?  Or more importantly, where should I invest? It is in

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  • Seattle Rent & Vacancy; the Latest Truths

    For those of you closely following news headlines, earlier this week you woke to the startling headline “Apartment vacancies climb in Seattle and the Puget Sound”.  Dupre + Scott published its latest bi-annual rent and vacancy data and journalists took to their keyboards decrying a seven-year spike in vacancy! To show the heralded carnage in

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  • SMT Fall Investor Forum Highlights

    The Seattle Multifamily Team was pleased to host over 100 clients and guests for our Semi-Annual Investor Forum. The event was keynoted by one of the region’s foremost economists and real estate market-experts, Matthew Gardner, Chief Economist with Windermere Real Estate. Participants received an overview of regional economic fundamentals, as well as a deep-dive into

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  • The Future of Apartment Rents Outside of Seattle – TOD!

    Want to know where the highest apartment rental rates are destined outside the core of downtown Seattle?  Where can you expect the most vibrant commercial real estate development in our region’s future?  You better familiarize yourself with TOD! If you have your pulse on commercial real estate development, then you’re familiar with TOD – Transit

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  • 2017 Multifamily Mid-Year Review

    The first half of 2017 was both everything and nothing we expected.  Entering the year, the multifamily market braced itself for uncertainty, volatility and hyperactivity.  Uncertainty permeated the first six months of the year, yet the promise of volatility and hyperactivity remained anticipated, but unrealized. We’re released our new 2017 Mid-Year Review today, and you’re

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  • $6.00 per Square Foot Rent in Seattle?

    With a pronouncement like $6.00 per square foot rental rates, most assume this is a post about the future of Seattle.  “One-day Seattle will hit $6.00 rents!”  Well, that is not the case.  We are talking about today, and we are not discussing luxury rental units – quite the opposite. Over the last decade –

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  • As Seattle Grows, Development Expands

    In 2008, the Puget Sound Regional Council (PSRC) convened to create Vision 2040, a comprehensive growth strategy for the Puget Sound region. This extensive project forecasted population, employment, and housing growth in the area through 2040, and it attempted to create a plan for this growth. Economists love to plan, but you know what they

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  • Reading the Office Leasing Tea Leaves

    The multifamily market isn’t the only segment of the commercial real estate market performing well in Seattle: our office market – driven by the great engine of Amazon – is hitting new records as companies continue to hire and other companies (tech and otherwise) clamor to enter our market and compete for talent. Companies are

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  • Can There Be Too Many Software Developers?

    We’re about to find out in Seattle. If you told any Seattleite on the street that our city has the most software job openings in the country, you’d likely get an eye roll and a snarky reply along the lines of, “Well duh! Have you seen South Lake Union lately?” It still feels nice to

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