Washington

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Tue
10
May
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Oregon & Washington Property Manager's Resource Guide 2016

Oregon & Washington Property Manager's Resource Guide 2016

Oregon & Washington Property Manager's Resource Guide 2015

The Rental Housing Journal Oregon & Washington Resource Guide is the leading print directory for apartment owners and property managers. The companies listed in the book specialize in delivering products and services to the multifamily and rental housing industry. It is truly the guide for what you want, when you need it. This digital format is compatible with most smart phones and mobile devices, so download it to access on the go!

Thu
21
Apr
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Market Off to Good Start

Market Off to Good Start

Seattle - The latest Apartment Insights survey shows rents increasing 1.7%. The vacancy rate fell to 4.21% according to Tom Cain of Apartment Insights.  The data are from his Seattle firm’s 1st quarter statistics and trends on 50+ unit properties in the King/Snohomish market

Seattle 1Q16

Vacancy:  4.21% 

The vacancy rate for our nonrandom survey of conventional, stabilized 50+ unit properties in the King/Snohomish market is 4.21%. This is down from 4.32% last quarter. It was 4.46% a year ago.

King has a vacancy rate of 4.23% and Snohomish County a 4.13% rate. King County can take sole credit for the overall vacancy rate decrease, since the rate in Snohomish actually increased a tenth of a percent. The overall vacancy rate which includes properties in lease-up fell from 6.83% last quarter to 6.34%.

Thu
21
Apr
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A Majority of Washington Landlord and Owners Have A No-Smoking Policy at One of Their Properties

No Smoking Policies

A Majority of Washington Landlord and Owners Have A No-Smoking Policy at One of Their Properties

Statewide survey reveals that cost savings, tenant health are landlords’ top reasons to go smoke-free

Frances Limtiaco, Washington State Department of Health

More and more landlords are going smoke-free in Washington state. A recent survey of landlords and owners of multi-unit properties across the state revealed that 75 percent have adopted a no-smoking policy at one or more of their properties and 62 percent report having a no-smoking policy at 100 percent of their properties. The chief reasons why landlords adopt no-smoking policies are because it’s better for their bottom line and it protects tenant health.

Landlords’ top benefits for going smoke-free:

Wed
13
Apr
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HUD Seeks to End Discrimination Against Tenants with Criminal Records

HUD Seeks to End Discrimination Against Tenants with Criminal Records

HUD Seeks to End Discrimination Against Tenants with Criminal Records

The U.S. Department of Housing and Urban Development (HUD) published guidelines in April, 2016, for the proper consideration of applicants’ criminal records when considering them for housing.  HUD notes that because a disproportionate amount of people with criminal records are minorities, a blanket policy of refusing to rent to anyone with a criminal history may violate the Fair Housing Act.

Fri
08
Apr
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Dupre & Scott Video Report: More Is More

Puget sound population increase, puget sound, migration

We have talked a lot about migration n trends into the Puget Sound region. This week we’ll take a look at how four counties have fared over the past three years in attracting these new residents.

Fri
01
Apr
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Dupre & Scott Video Report: Is the Seattle Apartment Market Going Bananas? AFFORDABILITY

Dupre & Scott Video Report: Is the Seattle Apartment Market Going Bananas? AFFORDABILITY

Is the Seattle Apartment Market Going Bananas? Pt 3 – Affordability The third banana story is about affordability. Bananas are rich in potassium, vitamin C, and fiber. But they are weak in vitamin a, calcium, iron, and zinc. The Seattle apartment market also has strengths and weaknesses when it comes to private, market rate, unsubsidized properties.

Is the Seattle apartment market going bananas? Part 3 of 3 from Dupre + Scott Apartment Advisors on Vimeo.

Tue
29
Mar
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Dupre & Scott Video Report: Is the Seattle apartment market going bananas? RENTS

Seattle Apartment Market Rents Go Bananas

The second banana story is about rents. It’s important to peel back the surface layer of a banana to get to what really matters. That’s the same for rents. There are a few important factors that once you dig below the surface, things start to make more sense.

Sat
26
Mar
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Dupre & Scott Video Report: Is the Seattle apartment market going bananas? DEVELOPMENT

Seattle Apartment Market Goes Bananas

We made a presentation to a Seattle City Council committee last week, giving them an overview of the apartment market in Seattle in three stories. We will upload a video of one story a week so we don’t overload you. The first story is about apartment development in Seattle. Next week will be a discussion of rents and vacancies. the third story is about affordability.

Fri
18
Mar
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Why Buy Earthquake Insurance?

earthquake, eartthquake insurance, oregon, washington, cascadia

Why Buy Earthquake Insurance?

By Cliff Hockley, President, Bluestone & Hockley Real Estate Services

Many of our clients have asked us over the years if they should purchase earthquake insurance. This is a difficult question to answer specifically because every property is constructed differently (i.e. wood, masonry, concrete, metal) and is located on different soil(i.e. clay, rock, sand). The height of the building also makes a difference. Imagine the impact on a one story building versus a thirty story unreinforced masonry building. The age of the building, and the code requirements in every state and city, need to be taken into consideration as well.

Wed
20
Jan
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More Renters Avoid Pricey Apartments

high rents in Seattle

More Renters Avoid Pricey Apartments

Seattle – The latest Apartment Insights survey shows rents increasing 0.6%. The vacancy rate bumped up to 4.32% according to Tom Cain of Apartment Insights.  The data are from his Seattle firm’s 4th quarter statistics and trends on 50+ unit properties in the King/Snohomish market

Apartment Insights Washington is celebrating its 10th Year Anniversary! We are pleased to bring you accurate, insightful data each quarter on the King, Snohomish, Pierce, Kitsap and Thurston County markets. 

We were the first company to spot the market turnaround after the Great Recession. Our research has been featured in the Wall Street Journal, USA Today and many more publications.  We deeply appreciate your continuing support!

Vacancy: 4.32% 

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