• The Next Big Opportunity: 5-50 Unit Apartment Buildings

    The wait is over—Colliers’ Seattle Multifamily Team is thrilled to announce the release of our 2018 Seattle Neighborhood Apartment Market Study! An encore to our market study released in February that focuses on buildings with 50+ units, the Neighborhood Market Study addresses 5-50 unit apartment buildings in urban King County. The data and insights on

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  • Predictions for Job Growth in Seattle

    The Seattle region’s economic engine continues to churn, producing the most diversified employment base ever for the region. Since 2012, the Puget Sound has consistently created between 40,000 and 70,000 new jobs year over year. Impressively, the diversity of employment, as well as the concentration of high-wage-earning jobs, consistently topped the rest of the nation.

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  • Job Growth and a Granular Understanding of Dynamics will Guide the Future of Seattle Multifamily

    Dylan Simon, Jerrid Anderson, and the Seattle Multifamily Team kicked off the month of March with a bang, hosting their sixth-annual Spring Investor Forum in conjunction with the release of their 2018 Seattle Apartment Market Study. Speaking to a packed room, the forum began with a crucial update on Seattle’s Office Market from Greg Inglin,

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  • The Fuss About January Rental Rates

    Reminiscent of Paul Revere’s great ride through Boston, in mid-January 2018 the media exclaimed, “Rents are dropping, rents are dropping!” It seems there was a lull in North-Korea-versus-Trump news that week, and an exaltation of “significantly dropping” rental rates was the news du jour. The Seattle Times reported (and I quote), “Rents are dropping significantly

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  • A Crystal Ball Into 2018

    Last week, we discussed how apartment investment sales in 2017 compared to previous years in our post Apartment Sales: How Did 2017 Stack Up? A few weeks prior, we looked back on both the apartment and office markets in Seattle and the Puget Sound over the previous decade, hypothecating that In 2018, Seattle Will Prove

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  • Economic Insights Into 2018

    As we settle into the new year, questions surrounding the state of the market, tax reform, and city regulations are impacting plans for our investments. What can we expect? We reviewed Colliers’ State of the U.S. Market and 2018 Outlook for the top five market and economic drivers that will shape our year. INSIGHTS INTO

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  • Apartment Sales: How Did 2017 Stack Up?

    As we enter each year, we never know how sales pricing or volume will stack up to previous years. Just twelve months ago, investors watched patiently as Inauguration 2017 was held on January 20. Then we waited…and waited…and waited. And when it came to apartment sales, not much happened. For months. It wasn’t until around

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  • 2017 Recap: 25 Deals & $269M

    The Seattle Multifamily Team had its best year ever in 2017 — and we have each of you to thank! We are truly grateful to have the best clients in the industry. Additionally, we would like to thank all the lenders, architects, attorneys, engineers and appraisers who contributed to the success of our clients in

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  • In 2018, Seattle Will Prove Its Mettle

    Welcome to 2018 – time to buckle up for a fast-paced year! Looking back, 2017 was a banner year for Seattle and the Puget Sound region. In Spring 2017, it was announced that Seattle was the fastest growing city in the country. Following was a string of equally impressive accolades: Seattle is the fastest growing

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  • Citywalk Apartments in Northgate Sells for $26.9 Million

    December 20, 2017, Seattle, WA – Dylan Simon and Jerrid Anderson of Colliers’ Seattle Multifamily Team closed the sale of Citywalk Apartments in Seattle’s Northgate neighborhood on Wednesday, December 20, 2017. The sales price of the apartment community was $26,900,000, equating to $263,725 per unit and approximately $292 per net rentable square foot. Built in

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