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Puget Sound multifamily market sees modest seasonal rent growth in January

With shifting demand momentum, long-term gains have slowed
CoStar Analytics
February 20, 2026 | 9:41 P.M.

Preliminary monthly data for the start of 2026 reinforces the slower momentum that the Seattle metropolitan area experienced in the second half of 2025. January was the first month since June 2025 with positive month-over-month rent growth.

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News | Puget Sound multifamily market sees modest seasonal rent growth in January