Regions West | Seattle/Portland
June 3, 2008
As is the case with many major metropolitan cities, job growth in Seattle has simmered, but the change is not expected to negatively impact the apartment market, according to a recent report by Marcus & Millichap. A significant pool of leading employers that includes the likes of Boeing and Microsoft will continue to fuel the city's economy, one of the strongest in the nation. Spurred by the state of economy and the availability of jobs, the apartment market will see a low vacancy of 4.7 percent at year's end, with effective rents increasing 6 percent.
As is the case with many major metropolitan cities, job growth in Seattle has simmered, but the change is not expected to negatively impact the apartment market, according to a recent report by Marcus & Millichap. A significant pool of leading employers that includes the likes of Boeing and Microsoft will continue to fuel the city's economy, one of the strongest in the nation. Spurred by the state of economy and the availability of jobs, the apartment market will see a low vacancy of 4.7 percent at year's end, with effective rents increasing 6 percent.
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