Reflecting a national trend, apartment demand in the Seattle metropolitan area remained low in the first quarter of 2023. Net absorption — the change in units occupied over a given period — was only a few dozen units. While it is an improvement over the prior quarter, it represents one of the weakest starts of the year for apartment demand in Seattle since 2009.
Economic Headwinds Temper Apartment Demand in Seattle
Seattle Multifamily Sees Slowest First Quarter Since Great Recession
CoStar Analytics
May 8, 2023 | 1:15 P.M.
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