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Seattle & Northwest  + Pacific Northwest  + Apartments  | 
Cushman & Wakefield Report: Seattle Industrial Market Reaches a Crossroads

PNW Embarks on a New Period of Growth as a Global Business Center

During this past decade, Seattle landed on the national map, attracting prominent employers and top talent. And now, multifamily investors must carefully analyze the region holistically, deciding where to place bets based on how people will work, live and recreate in this region, says Dylan Simon of Kidder Mathews.

End-of-year apartment market research released by the multifamily investment team of Simon and Jerrid Anderson shows that broad recovery is in sight. The 2021 End-of-Year Apartment Market Dynamics report analyzes current and past trends for rental and vacancy rates and sales across the four major Western Washington counties: King, Pierce, Snohomish and Kitsap.

“Based on current trends, the region is readying for a new decade of growth and emergence as a global business center,” says Simon. “The region quickly recovered from COVID, and recent rental rate growth and sales data support an increasing consensus that the Puget Sound region is one of the strongest economic centers in the nation.”


Inside The Story

2021 End-of-Year Update

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
  • ◦Economy
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