Rising Rents and Few Concessions
In a recent survey seventy percent of Seattle landlords who participated reported that they plan on increasing their rents by an average of three percent while thirty percent planned no rent change. The tightening rental market and high demand is allowing landlords to once again pick and choose their tenants while increasing revenues with higher rents. In 2010 rent concessions where the norm with more than twenty-seven percent surveyed properties offering some form of incentives, in 2011 less than one percent of Seattle landlords felt the need to offer concessions.
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