Diverse Options for a Market in Demand

Downtown Seattle is everybody’s neighborhood, and that’s reflected in the area’s growing residential population. Residential projects currently make up three quarters of all construction downtown. During the past decade, more than 27,000 residential units were completed downtown. In 2019, developers completed 3,263 residential units downtown. With more than 33,000 units still in the pipeline, downtown residential development remains above its historic average. Nearly 10,000 of these units are scheduled for completion over the next two years (2020-21).

Housing Market Statistics

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