seattle property management rental rates: Seattle Property Management - Seattle area sees fewer apartment vacancies, higher rents - 03/29/11 03:32 PM
Seattle Area Sees Fewer Apartment Vacancies, Higher Rents
For the first time in a few years, the rental market is really starting to pick up. Although November and December of 2010 were relatively slow for everyone, we saw a big jump in demand shortly after the first of this year. The only market that seems to be lagging still is in the high-end homes and condos where there is simply very little demand or an over-abundance of supply. We have not seen rents increase quite yet but it may be on the horizon. Here is a recent Seattle Times article:
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seattle property management rental rates: Seattle Property Management - Rental Market Update - 01/19/11 02:10 PM
Seattle Property Management - While rents on small to medium sized homes have held their own, we saw a significant drop off on the upper end homes and condos in 2010. This is primarily due to an over-abundance of supply on the market. There are many homes and condos that are not selling in the soft sales market so owners are electing to rent them instead of taking such a large loss.
Tenants are really doing their research before deciding on which property to rent. In years past, the average tenant might look at 2-4 properties before making a decision. … (1 comments)
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