Rental Crunch In Seattle
Looking out my condo window, I see three cranes putting up massive new buildings. My view will only be partially blocked.
Right now, according to the Seattle Times, there is a major shortage of rentals in downtown Seattle. I get the sense things will change drastically once all the new construction comes online over the next 6 to 12 months.
 ”If renters have a bright spot on the horizon, it’s this: Developers in the central Puget Sound region plan to roll out 20,857 new units between this year and 2011. And that’s just counting apartment complexes with 20 or more units.” – Seattle Times
For now though, landlords are having a field day.
