Positive News For Seattle Landlords
Written by phillips|January 21, 2016|property management
A recent report from Yardi Matrix
ranked Seattle third on a list of metro areas with the largest rent gains in 2015. This article from the Seattle Daily Journal of Commerce
, states that Seattle showed multifamily rent gains of 10.5 percent, behind Portland (14.8 percent) and Sacramento, California (10.7 percent). The Matrix survey covers 111 markets.
Rents averaged $1,165 nationwide in December, $1 less than the all-time peak reached in September and October, which is consistent with normal seasonal patterns. The report predicts that rents will cool down a bit for 2016, but will still remain above the average rent that we have seen in the past 8 years. Which of course is great news for landlords and property investors, for tenants and those looking for affordable housing, Seattle might not be the best market for a inexpensive rentals.