Seattle Rentals on the Rise

According to Bloomberg.com, U.S. apartment and rental vacancies have decreased over the last few months, which have allowed landlords and apartment buildings to increase their rental rates. There has been an increase in the number of families relocating to Seattle with companies such as Amazon, Fred Hutchinson, local hospitals, and other companies going through hiring frenzies. Many of these families aren't in a hurry to purchase, since they aren’t familiar with the Seattle neighborhoods, and aren't sure which would best suit their needs; almost all also have the luxury of temporary housing.  Larger companies tend to offer temporary housing which allows tenants the time to learn more about which neighborhoods they would prefer to live in, while simultaneously leading to a decrease in Seattle apartment vacancies. Owners of single family rental homes throughout the Puget Sound area have benefiting from those wishing to find their dream home, and opting for a house instead of an apartment. These owners benefit due to a lack of inventory and a large amount of people searching, which consequently has allowed landlords to obtain higher rental rates. To find more about Seattle Rentals, check out some current listings here.

Hot New Rental

Hey I just listed a 2br/2.5bth condo in the Madison Tower/Hotel 1000 for $3,995/mo. Beautiful hardwood floors, slab granite counters, and active city and Sound views. Enjoy the Resort-style amenities of Hotel 1000 including the spa, room service, virtual golf, library, conference rooms, valet parking, exercise facility, 24-hour concierge & roof top terrace with incredible views. Check it out!

Now Available: Beautiful West Seattle Bluff Unit

I just brought to market a 1,200 square foot unit in a brand new triplex. The unit has 2 bedrooms, 2 bath with an unobstructed view of Puget Sound. It features a gourmet kitchen, high ceilings, and wood floors. It also includes garage parking. Another plus is all the utilities are included in the rent which is $2,445.

Check it out: http://www.ewingandclark.com/properties/details/677595-6626_sw_admiral_way_seattle_wa_98116