Having a hard time finding a place to rent?
You’re not alone. Vacancy rates sit at 4.4% right now throughout King and Snohomish counties. With vacancies few and far between, paired with the slow-down in the housing sector, it’s now a landlord’s market and many are taking advantage of that. Average rent increased from $867 in March of ‘06 to $1012 in November of ‘07. I’ve heard through the grapevine of many buildings in the Capitol Hill and U-District neighborhoods raising rents in the last two months, with more sure to follow as landlords try to make up for the renter’s market not too long ago.
My advise: stay put unless you absolutely have to move. If you’re thinking of moving, make sure you have enough on hand for first/last/deposit, as available units have a fast turnover rate.
USA today posted an article in the last month where they said that Seattle vacancy rates are very high right now, so it is actually a renter’s market is Seattle.
USA today posted an article in the last month where they said that Seattle vacancy rates are very high right now, so it is actually a renter’s market in Seattle.