Diverse Options for a Market in Demand

At DSA, we envision downtown Seattle as everybody’s neighborhood, and that’s reflected in the area’s growing residential population. Downtown’s residential growth reflects an influx of young workers, families and empty-nesters who are moving here to enjoy the benefits of a vibrant city core: transportation options, sports, cultural attractions, world-class shopping and dining, an active parks scene and more.

Housing Market Statistics

Since 2010, more than 20 thousand residential units have been added to the downtown inventory and 33 thousand are still in the pipeline. Apartment construction represents the majority of new units coming online. While new development has kept rent increases in check in recent years, strong demand from an ever-increasing residential population keeps vacancies low while market rents continue to rise.

Sources: housing mix data are derived from the King County Assessor and CoStar data; development data are from the DSA Development Guide (based off of permits with the City of Seattle); apartment market data are from CoStar.

If you have questions about our research, contact Elliott Krivenko:

Phone: 206-613-3255
Email: elliottk@downtownseattle.org