Seattle Apartment Rents Market Update
Rob Gasca • October 14, 2021
The Seattle Apartment Market continues to climb with rents bouncing back by 11% since the beginning of the year, concessions almost eliminated, and development on the rise again, with 22K units in the supply pipeline!
As we have seen over and over again with the Seattle Market, we are always one of the last to fall, (and fall hard I might add) and one of the first to REBOUND! The Seattle Apartment Market continues to climb with rents bouncing back by 11% since the beginning of the year, concessions almost eliminated, and development on the rise again, with 22K units in the supply pipeline!
What can we expect as industry experts and leaders in the months/year to come. Well, with the proposed "rent control" efforts on the mayor's desk requiring ownership to provide 180-day notice for rent increases coupled with the expectation to assist with move out costs for those who increase is 10% or and can't afford the proposed new rent, a lot of strategic planning is going to be needed for landlords and investors to be successful. Let us help you how we can help you with that. Our team is experienced (over 20 years), driven, and proactive while staying on top of the ever-evolving landlord laws within the City of Seattle and the State of Washington in general.
Read more at https://www.costar.com/article/682426259/seattle-apartment-rents-continue-upward-trajectory
Source: CoStar Group
Mastering Social Media for Commercial Real Estate: Strategies to Elevate Your Business In the competitive world of commercial real estate, leveraging social media is no longer optional—it's essential. Platforms like LinkedIn, Instagram, Facebook, and YouTube offer unprecedented opportunities to engage with clients, showcase properties, and establish a strong brand presence. This article delves into the best social media strategies for commercial real estate professionals, helping you navigate the digital landscape and drive business success.
Navigating the Stages: A Property Manager's Guide to the Lifecycle of a Property The journey of a property under management is akin to orchestrating a symphony, requiring a deep understanding of the stages involved. In this expanded exploration, we'll delve further into each phase, providing insights and practical advice for property managers navigating the dynamic lifecycle of the properties they oversee.
RGRG is excited to announce the sale of Evergreen Forum and our continue management of the property!
Understanding the Key Differences Between Commercial and Residential Real Estate Real estate is a dynamic and diverse industry, encompassing a wide range of properties. Among the most notable distinctions within this sector are commercial and residential real estate. While they share some similarities, understanding the fundamental differences between the two is crucial for both investors and aspiring property owners. In this article, we will delve into the unique characteristics of commercial real estate and explore how it differs from its residential counterpart.
Common Mistakes to Avoid When Negotiating a Lease When it comes to negotiating a lease, it's essential to approach the process with careful consideration and attention to detail. Many individuals and businesses fall into common traps that can have long-term implications. In this blog, we will explore some critical mistakes to avoid during lease negotiations. By being aware of these pitfalls, you can protect your interests and make informed decisions.
Buying Commercial Real Estate: Key Factors to Consider Commercial real estate investment can be a great way to diversify your portfolio and potentially generate passive income. However, buying a commercial property is not a decision that should be taken lightly. There are several key factors that you should consider before making a purchase.
7 Fun Things to Do in Washington in Winter 2022 Visiting Washington during the winter is a great idea if you want to unwind, relax, but also visit some amazing landmarks. That’s why we’ve created this list below of fun things to do in Washington in winter!
Infographic: Different Types of Residential Lease Agreement
Summer Maintenance Checklist for Commercial Real Estate As spring gives way to summer, it's time to start thinking about your summer maintenance checklist. Being proactive about summer maintenance will protect your property and assets, potentially preventing larger problems in the long run. So where do you start? Our team at Rob Gasca Real Estate is here to help! Below is a checklist we have created to help you get started.
Spring Maintenance Checklist for Commercial Real Estate All your commercial properties should be prepared for the spring season. That’s why going through a short maintenance checklist can really make a huge difference. Here are some tips you can check out for the seasonal commercial real estate maintenance.
LET'S CHAT
Looking for more information or wish to speak with someone from Rob Gasca Real Estate Group? Get in touch with us today by phone or email, listed below. We look forward to hearing from you.
Maple Leaf Real Estate/Maple leaf Property Management/Rob Gasca Real Estate Group LLC does business in accordance with the Federal, State and Local Fair Housing laws and welcome Persons of all Race, Color, Disability, Religious Creed, Ancestry, Sex, Familial Status, Sexual Preference, Gender Identity, Age and National Origin. We process applications and score is on the criteria described in this policy. We do not accept comprehensive reusable tenant screening reports.
