Matrix Multifamily Seattle Report-Fall 2021 November 17, 2021

Seattle Market Well Into Recovery

Rents in the Puget Sound area rose to $2,046 in September, a 2.0% uptick on a T3 basis and 40 basis points above the national rate. Nearly $2 billion in multifamily deals closed during the first three quarters of the year, and 26,470 apartments were underway as of September.