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Seattle Apartment Market Shows Signs of Cooling

Supply Momentum Collides With Weakening Demand; Construction Starts on Track for Slowest Quarter in 10 Years

Seattle’s multifamily market is cooling across a host of metrics, according to CoStar data. (CoStar)
Seattle’s multifamily market is cooling across a host of metrics, according to CoStar data. (CoStar)

The Seattle multifamily market, long one of the hottest on the West Coast, appears to be cooling, with numerous metrics showing an in-process collision between supply and demand as new construction starts are on track for their slowest quarter in a decade.

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