Matrix Multifamily Seattle Report-February 2025 March 05, 2025

Rents Decelerate in Seattle

Seattle's advertised asking rents were down 0.2 percent on a T3 basis through December, but YoY gains were a much stronger 1.8 percent, well above the 0.6 percent U.S. rate. And despite a high delivery volume, occupancy rose to 95.4 percent in November.