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Apartment Market Research/Reports
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Washington
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Seattle Apartment Market Report
First Quarter 2013
The regional market vacancy rate is currently 3.8%, below the long-term average of 5.3% indicated over the past 20 years. The regional vacancy rate last peaked at a rate of 7.2% in Fall 2009 then fell sharply through 2010 to a low of 4.6% in the Spring 2011 survey. Vacancy briefly increased 70 basis points to 5.3% in Fall 2011 due to normal seasonality plus new inventory hitting the market, but has since fallen to a current 3.8%. Rental rates have recovered to above pre-recession levels and both use and quantity of concessions have decreased resulting in increasing overall effective rents.
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Oregon
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Portland Apartment Market Report
Third Quarter 2012
With the pace of economic activity slowing in anticipation of an upcoming election and uncertainty surrounding the approaching "fiscal cliff," positive demand exists, but growth remains moderate at best. With an uncertain outlook, many market players await clarity of purpose in economic policy before committing themselves to investment. With the GDP growth dropping to a mere 1.7 percent in the second quarter, the Federal Reserve has responded by initiating QE3 and extending Operation Twist. Through these outlets the Fed hopes to improve job creation and stabilize the housing market.
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Washington
-
Seattle Apartment Market Report
First Quarter 2013The regional market vacancy rate is currently 3.8%, below the long-term average of 5.3% indicated over the past 20 years. The regional vacancy rate last peaked at a rate of 7.2% in Fall 2009 then fell sharply through 2010 to a low of 4.6% in the Spring 2011 survey. Vacancy briefly increased 70 basis points to 5.3% in Fall 2011 due to normal seasonality plus new inventory hitting the market, but has since fallen to a current 3.8%. Rental rates have recovered to above pre-recession levels and both use and quantity of concessions have decreased resulting in increasing overall effective rents.
Oregon
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Portland Apartment Market Report
Third Quarter 2012With the pace of economic activity slowing in anticipation of an upcoming election and uncertainty surrounding the approaching "fiscal cliff," positive demand exists, but growth remains moderate at best. With an uncertain outlook, many market players await clarity of purpose in economic policy before committing themselves to investment. With the GDP growth dropping to a mere 1.7 percent in the second quarter, the Federal Reserve has responded by initiating QE3 and extending Operation Twist. Through these outlets the Fed hopes to improve job creation and stabilize the housing market.