Seattle multifamily demand was outpacing new construction, and the region's vacancy rate appeared to be heading for a decline. However, new data reveal a precipitous drop in demand in the third quarter.
CoStar Insight
Revised third-quarter data show weaker apartment demand in the Seattle area
Puget Sound region experienced largest quarter-over-quarter demand decline nationwide
CoStar Analytics
November 11, 2025 | 4:31 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In