Study: Seattle Apartment Glut Could Lead to 30% Drop in Rents and Values by 2025

Rental vacancies in Seattle could double by 2025, leading to falling rents and a over 30% drop in apartment values according to Capital Economics.

Job and population growth has lagged in Seattle compared to southern cities like Austin, reducing apartment demand.

A surge of new apartment construction, especially in Seattle, will outpace demand and push up vacancies.

Renters in expensive West Coast cities like Seattle and San Francisco could finally get a break as the rental market softens.

Capital Economics forecasts the weakest apartment returns through 2027 in West Coast cities like Seattle and San Francisco.