Seattle Townhome Rental Market Outlook for 2021

[Ryan M Swick]

Hi Seattle & PNW-based BP crew,

I'm looking for thoughts on your outlook for the Seattle townhome rental market this year, 2021. If you're a landlord of townhome units, what are you seeing currently in terms of demand, supply, and pricing?  What do you expect will happen going forward, esp with the vaccination drives underway and urban rental markets perhaps tightening a bit?

Thanks,

Ryan

[Michael Haas]

I don't personally own an units in Cap Hill but have heard rents are down - it definitely makes sense that dense areas like downtown, first hill, and cap hill will be slower given that so much of the draw of those neighborhoods are the bars, restaurants, and amenities that have been shuttered by COVID.