Third-quarter rent and vacancy data, released by Kidder Mathews, shows continued healthy rental rate growth and sustained low vacancy rates for apartments in King, Snohomish, Pierce, and Kitsap counties. Not surprisingly, the biggest takeaway noted by the multifamily investment team led by Dylan Simon and Jerrid Anderson is that current average rents per unit are the highest in Urban King County at $2,055. Concurrently, these urban neighborhoods are balancing rental rate growth with vacancy maintaining in the 5% range.
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