Apartment Boom Coming! What it means for rents...

2017 will be a massive year for new apartments hitting the market in Seattle. In fact, more that 10,000 new apartment units will open in Seattle in 2017, more than 2x any previous year. Experts believe this will have some cooling effect on rising rents. Seattle was one of the fastest growing rent markets in 2016, with rents up as much as much as 10%. 2017 will likely see rent increase around 5-6%. The national average is sitting around 2%. Check out the Seattle Times article here for more information, and contact Proper Rent for a rent consultation and plan for 2017 and beyond.