Elliott Krivenko’s Post

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Director of Market Analytics at CoStar Group

For the first time in six years, the number of units actively under construction in Seattle dipped under 20,000 — a far cry from last year's peak of nearly 29,000. The number of units delivering has been elevated but operators could see some relief soon as the pipeline slows. The number of starts in the first half of 2024 represented a drop of 40% from the first half of 2023 and the slowest start of the year since 2010. CoStar subscribers can read more in my latest article on our website. #SeattleMultifamily #SeattleApartmentDevelopment #CoStar #CoStarNews

Apartment Construction Activity Cools in Puget Sound

Apartment Construction Activity Cools in Puget Sound

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