Elliott Krivenko is the Senior Director of Market Analytics for CoStar and Homes.com in Seattle, where he covers commercial and residential real estate trends across Washington, Alaska, and Montana. Elliott has more than 20 years of experience in rea...
Elliott Krivenko is the Senior Director of Market Analytics for CoStar and Homes.com in Seattle, where he covers commercial and residential real estate trends across Washington, Alaska, and Montana. Elliott has more than 20 years of experience in real estate research, having previously served as Research Director at the Downtown Seattle Association. He speaks at industry group events such as the Washington Multi-Family Housing Association, the Pacific Northwest Regional Economic Conference, and various chambers of commerce. His insights have been included in the Puget Sound Business Journal, the Seattle Times, and KUOW. Elliott holds a master’s degree in community development from Antioch University Seattle.
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 ...
Apartment development across the Seattle metropolitan area is picking back up even as the sector continues to see softer rent growth and slower growth in the number of occupied units.
Sales activity in the Seattle metropolitan area's commercial real estate market remains well above its low point in 2023. However, the pace of recovery is losing momentum as slower population and ...
Seattle's apartment asking rents have been on the rise since the start of the year, with month-over-month rent growth measuring 0.5% in May. That was the weakest May rent growth in Seattle since a ...
Industrial demand in the Puget Sound region is becoming less reliant on logistics tenants. Manufacturing-related users still account for a smaller share of overall leasing activity, but that share ...
Industrial demand in the Seattle region has weakened in recent months as a sharp slowdown in port import volumes has reduced the need for large-scale warehouse space, adding to a broader cooling in ...
A growing share of office buildings in the Seattle region is experiencing high vacancy, underscoring a widening gap between well-leased properties and those struggling to attract tenants.
Wage growth in the Seattle area has fallen behind inflation again in early 2026, reversing a trend that had boosted households' purchasing power over the past two years.
Office leasing across the Puget Sound region improved in the first quarter of 2026, with about 2 million square feet of new leases signed. That marked a sharp increase from last year, when the region ...
The Seattle and Portland metropolitan areas both experienced a sharp pullback in apartment demand over the past year. After peaking in the first half of 2025, 12-month trailing absorption — the net ...
The Pacific Northwest's two largest metropolitan areas are experiencing divergent rent growth trends: Rents are holding steady in the Emerald City, while rents in the City of Roses are declining.
Industrial leasing across the Puget Sound region picked up in the first quarter, reversing some of the slowdown seen last year as tenants take advantage of elevated availability levels across box ...
The Puget Sound region’s retail sector showed early signs of stabilization at the start of 2026, as absorption — the net change in occupied space — shifted into positive territory for the first time ...
Seattle-area office vacancy held relatively steady in the first quarter, ticking up only slightly from the end of 2025 but once again setting a record for the region. This slowdown follows a sharp ...
Experiential tenants are emerging as some of the Seattle region’s most active takers of large retail space, with pickleball clubs accounting for several of the biggest leases signed over the past ...
Last year, Seattle’s medical office market continued to distinguish itself from the broader office sector, maintaining a low, single-digit vacancy rate. In contrast, the overall office market ...
Seattle has posted the weakest industrial absorption of any major U.S. market over the past 12 months. Among the 395 industrial markets tracked by CoStar, Seattle ranked last for absorption, which ...