Washington

Test test testing this.

Mon
16
May
The Editors's picture

Average Rents Break $1,000 in Pierce-Kitsap-Thurston 

Average Rents Break $1,000 in Pierce-Kitsap-Thurston 

Average Rents Break $1,000 in Pierce-Kitsap-Thurston 

Seattle  -  Apartment Insights 1st quarter results show average rents climbed $19 to $1,014 per month and $1.15 per square foot according to Tom Cain, the firm’s principal. 

The data are from his Seattle firm’s statistics and trends on 50+ unit properties in Pierce, Kitsap and Thurston counties. 

Vacancy:  3.97%     

The market vacancy for our nonrandom survey of conventional, stabilized 50+ unit properties in all three counties is 3.97%, slightly better than fourth quarter’s 4.02%. The vacancy rate was 4.37% a year ago. 

The rate for all properties including those in lease-up is 4.49%, up from 4.40% last quarter.

Pierce:  4.14%   

The vacancy rate in Pierce County dropped from 4.22% to 4.14% this quarter. It was 4.51% a year ago.  

Mon
16
May
The Editors's picture

Rental Housing Journal On-Site May 2016

Rental Housing Journal

Rental Housing Journal is the business journal for the Seattle rental housing and multi-family property management industry.

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
admin's picture

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
admin's picture

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
admin's picture

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
admin's picture

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.

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