Only 14 Condos For Rent In Downtown Seattle, 50% Decline From October 2011



Downtown Seattle Condos For Rent

Looking for a reason to rent your downtown Seattle condo right now?  How about this…..There are only 14 condos listed for rent in all of downtown – just 14 units. I’ve provided a breakdown below that shows the asking rent. Obviously this doesn’t count apartment buildings and other units that are not listed on the MLS, but from my perspective, this is a significant reduction in whats available.  Just last October when I pulled the same market report there were 28 units available for lease.  That is a 50% decrease in inventory in just 6 months.

There are a lot of Seattle residents that prefer renting condos over the typical apartment building. With only 14 units available, anything that hits the market will likely go fast. With such limited supply, look for landlords to raise their rental rates until more units become available.

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