Over the past year, the Lake Union area has experienced a significant transition, evolving from one of the Seattle region's leading markets for rent growth to a period characterized by declining demand and negative rent growth by early 2026.
CoStar Insight
Apartment trajectory quickly shifts in Seattle's Lake Union area
Rents soften as employment-linked demand cools
CoStar Analytics
March 17, 2026 | 7:35 P.M.
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