Kidder Mathews has released its Q3 2025 Eastern Washington Apartment Market Dynamics report—offering an in-depth look at trends and the latest sales data across 20 counties including Spokane, Benton, Franklin, Chelan, and Yakima. Compiled by Vice President Max Frame of Kidder Mathews’ Simon | Anderson Multifamily Team, the study provides valuable insights on each submarket to help guide investment decisions.
“After a slower second quarter, Eastern Washington’s apartment market is already showing its resilience,” said Frame. “Sales activity has picked up meaningfully in recent weeks, underscoring continued investor confidence in the region’s fundamentals.”
Key insights from the study include:
- Stalled Q2 Transaction Volume
After a strong start to the year, Q2 experienced a significant slowdown, with only seven sales recorded across Eastern Washington—the lowest quarterly total since Q3 2013. - July Activity
While we felt a major slowdown in Q2, we’re already feeling an increase in activity, with eight sales in July to start Q3—an encouraging sign for what’s to come the second half of the year. - Spokane Activity
Year-to-date, Spokane remains Eastern Washington’s most active market, accounting for 18 of the region’s 26 total sales in the first half of the year (69%). For those looking to build a portfolio in Eastern Washington, Spokane stands out as the key market to target. - Insurance Impact
For older buildings, insurance premiums are skyrocketing. If you’re considering selling, consider investing in upgrades such as a new roof, updated electrical panels, and plumbing improvements. These enhancements can help prospective buyers secure more favorable insurance rates, ultimately strengthening your property’s marketability and pricing power.
Download the Q3 2025 Eastern Washington Apartment Market Dynamics report here.
About Max Frame
Working out of Kidder Mathews’ headquarters in Seattle, Washington, Max specializes in representing sellers and buyers in the sale of Eastern Washington apartments. Born and raised in Eastern Washington, Max combines his local knowledge and expertise of these markets with Kidder Mathews’ national exposure and outreach. Max works with Executive Vice Presidents Dylan Simon and Jerrid Anderson of the Simon and Anderson team.
About the Dylan Simon and Jerrid Anderson apartment brokerage team
The apartment brokerage team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors, developers, and landowners in the sale and purchase of apartment buildings and development land across the entire State of Washington. The team of 12 brokerage professionals specializes in the sale and purchasing of apartment buildings and development land from $1 million to more than $100 million. For more information, visit simonandersonteam.com.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 20 offices across Washington, Oregon, California, Idaho, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 58 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
Read the full report at the link below.
Contact
Simon | Anderson Multifamily Investments Team
Dylan Simon, Executive Vice President
Jerrid Anderson, Executive Vice President
Matt Laird, First Vice President
Max Frame, Vice President
Matt Johnston, Vice President
Elijah Piper, Vice President
JD Fuller, Associate
Jack Shephard, Associate
Tony Herrmann, Associate