To Build or Not to Build: Construction Rebound has Been Fast on Eastside, Slow in Seattle

The Seattle Times   |   Paul Roberts

Posted In — News & Press | In the News

Despite the higher costs, many developers and their investors have plunged ahead. The number of Seattle-area apartment units under construction as of late 2021 — 26,396 — is nearly where it was in early 2020, according to Kidder Mathews, a commercial real estate agency.

“The better the economics, the more you can overlook the cost overruns,” says Dylan Simon, a Kidder Mathews executive vice president who specializes in apartment and land sales.

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