Webinar: Seattle Multifamily Experts Delve into the State of the Market

“Clearly, the market’s starting to slow down now,” Dylan Simon, co-founder of the Seattle Multifamily Team at Kidder Mathews, said on Connect CRE’s Seattle Multifamily Update webinar. “We’re seeing it in the overall employment sector, we’re also seeing it in multifamily. We’re just about to release our report covering the first three quarters of the year, and we’re starting to see rents slow down and vacancy tick up.” 

However, Simon predicted that although Seattle won’t be immune to the recession that has been widely forecast to occur next year, “we’ll weather it better than most other markets, and I expect we’ll come out of it sooner.” He credited Seattle’s diverse economy as a driver of this resiliency. 

Simon is one of three market experts assembled by Connect for this in-depth discussion of multifamily in Seattle and the Pacific Northwest. He’s joined by Ryan Kidwell, SVP of the Mogharebi Group, and BJ Kuula, president and CIO of American Capital Group. Connect VP Sarah Quinn moderated the conversation. 

In this 30-minute on-demand webinar, you’ll also hear the panelists weigh in on how capital markets activity is impacting Seattle multifamily; how continued flex-work trends are affecting tenant amenity demands, transactional activity and rental activity; and where players in in the Seattle multifamily space should be looking for opportunities in 2023. 

Click here to register and to watch the Seattle Multifamily Update webinar.