1. Seattle Apartment Market- 17Q3 Update
Jared Kadry – Market Analyst

2. Fundamentals
Fundamentals

3. Seattle Historical Employment Growth
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4. Apartment Fundamentals
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5. Apartment Fundamentals- Near Term Forecast
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6. Supply
Supply
Fundamentals

7. Seattle Metro Apartment Inventory
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8. The Top 10 Markets For Floor Plan Reduction
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9. Metros with the Smallest Unit Sizes
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10. The Submarkets With The Smallest Floor Plans in Seattle
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11. Submarkets With The Most Deliveries
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12. Submarkets With The Most Construction
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13. Notable Deliveries One Lakefront Developer: Holland Residential
# Units: 317
Neighborhood: Westlake
Delivery Date: 5/2017
Occupancy: 98% (as of 9/2017)
Concessions: None
Tower 12 Apartments
Developer: Continental
# Units: 314
Neighborhood: Pike Place
Delivery Date: 5/2017
Occupancy: 85% (as of 9/2017)
Concessions: 1 month free rent
Silver Creek
Developer: Dobler
# Units: 182
Neighborhood: Puyallup
Delivery Date: 3/2017
Occupancy: 100% (as of 9/2017)
Concessions: None
Juxt- None, but one month free during preleasing
Bowman Stoneway- 6 weeks free on certain units.
The Meyden- One month free on 3 one-bedrooms that have been on the market for 30+ days

14. Rents
Rents
Fundamentals

15. Seattle Rent Level & Growth
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16. Top 5 and Bottom 5 Submarkets By Rent Growth
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17. Seattle Heat Map- 17Q3

18. Apartments Vs. Condos- Downtown Seattle
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19. Seattle Rent Growth Vs. Income Growth
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20. Sales
Fundamentals

21. Seattle Sales Volume And Pricing
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22. Submarket Sales Volume And Pricing
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23. 10-Year Treasury vs Seattle Cap Rate
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24. Notable 2017 Sales Rock Creek Landing
Sale Price: $108 MM ($188,000/unit)
Cap Rate: 4.9%
Sale Date: 6/2017
Buyer: Grand Peaks Properties
Seller: Kennedy-Wilson
Neighborhood: Kent
Occupancy At Sale Date: 94%
Echo Lake Apartments
Sale Price: $85.5 MM ($295,000/unit)
Cap Rate: 5%
Sale Date: 5/2017
Buyer: Security/Intercontinental
Seller: Inland Group
Neighborhood: Shoreline
Occupancy At Sale Date: 95%
Avante Apartments
Sale Price: $54.1 MM ($142,000/unit)
Cap Rate: 5.3%
Sale Date: 9/2017
Buyer: Goodman Real Estate
Seller: Longwell Company
Neighborhood: Kent
Occupancy At Sale Date: 97%