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Puget Sound apartment pipeline momentum has shifted

Some neighborhoods are taking on more of the next wave as earlier hot spots slow down
CoStar Analytics
June 25, 2026 | 4:36 P.M.

Apartment development across the Seattle region is picking up again, but the momentum is coming from a different set of neighborhoods than those that led the last construction wave. Several areas that had been posting especially high construction levels a year ago are now slowing, while activity is rising elsewhere in the region.

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