Seattle rents exploding

Seattle rents exploding

Portland, OR · Member since 2014 · 14 posts · 2 votes
Just want to share that Seattle rents are exploding. Many of you know this already, but wanted to share my first hand experience within this last month. One of my units requested to terminate their lease early because of a neighbors cigarette smoke bothering them. That is another story entirely. We let them know if we could find someone else at their rate or better, we would do it for them. We found multiple families within two weeks of searching who were willing to pay over $375 more per month than the previous tenant was paying- and the previous tenants had been there less than a year at that lower rate. Amazing!
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Contractor · Spokane, WA · Member since 2015 · 29 posts · 6 votes
11y

Blessing in disguise! That's awesome!

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  • Contractor · Spokane, WA · Member since 2015 · 29 posts · 6 votes
    11y

    Blessing in disguise! That's awesome!

  • Seattle, WA · Member since 2014 · 6 posts · 1 vote
    11y

    Nice! Yeah i live in Seattle (greenlake) and everyone i talk to that's looking for apartments says they are stuck in a conga line trying to view them. Getting pretty crazy Seattle

  • Investor · Olympia, WA · Member since 2015 · 24 posts · 14 votes
    11y
    Can you offer any insight as to what is causing the increased demand?
  • Rental Property Investor · Snohomish, WA · Member since 2015 · 25 posts · 7 votes
    11y

    I think the larger silicon valley companies are increasing their head count in Seattle. Facebook has the new office, Google, SpaceX, Apple, and others are all increasing head count. I'm not entirely sure this is it, but it is probably a factor.

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