Renters aren’t moving to Seattle fast enough to keep pace with the city’s ballooning inventory. About 10.5 percent of apartments inside Seattle city limits are now vacant, compared to 9 percent at the end of 2017 and 7.7 percent a year before that, according to the Seattle Times. And the region’s frenzied rate of construction shows no sign of slowing — about 24,000 units are permitted or under construction in the Seattle area, with another […]
source https://therealdeal.com/chicago/2019/01/05/seattle-apartment-rents-slide-as-one-in-10-apartments-are-vacant/#new_tab
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