The third quarter of 2022 was a high-water mark for the completion of new apartment units in downtown Seattle. More than 1,700 units were completed over that three month period, and with two-thirds of these still available, this wave of construction is having an outsized impact on the vacancy rate in downtown.
Downtown Seattle's Apartment Vacancy Rate Nears Dot-Com Crash High
Completion of Several Big Projects Could Push Vacancy Rate Past 2001 Record
CoStar Analytics
February 22, 2023 | 11:16 P.M.
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- Properties
- Museum House
707 Terry Ave, Seattle, WA
- WB1200
1200 Stewart St, Seattle, WA