Record Numbers of New Apartments Are Coming

Just like a disheveled bear taking her first steps after hibernation (you’re welcome), or that feeling you have on the first morning of daylight savings, rental markets across the country are “currently transitioning between slow and busy seasons,” according to the latest national Apartment List report.

Seattle’s rent should continue slowly plodding up as the busy season begins in full. However, some seeds that were planted back in 2021—when the rental market was white hot and rents were scorchingly high—are almost ready to bear fruit.

For our rental market, “turning the corner” in early spring looks a lot like the last couple of months: nearly flat rent that’s in

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