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Apartment Rents & Vacancy Report
Dedicated to the
accurate sourcing,
analysis, and
reporting of key
multifamily
property data for
the Puget Sound
Region.
1st Quarter 2019
Vol. 1No. 1commercial-analytics.com
Example
Subscribe to Report
Quad County - King- Kitsap - Pierce- Snohomish
Disclaimer: The data presented in this report is deemed to be accurate, however, Commercial Analytics makes no guarantee, warranty or representation of accuracy. Any reference to historical data is sourced from Dupre + Scott, 2017.
Apartment Vacancy Report | Vol. 1 No. 124
Example
2/9/2019 Quad County
1/1
QuadCountyCo…
KingKitsap
DS…
Select…King
DS…
Select…Brem
County
KingKitsapPierceSnohomish
…
BLDGS/UNITS Surveyed AVG CONTRACT RENT RENTS/UNIT TYPE
0.32%2.26%
VACANCY SEPTEMBER 2018 RENT CHANGE Q to Q
2 Bed1 BedBldgs
Units
Units
Vacancy
Studio Studio1 Bed2 Bed
638 2,660$1,259$1,379$1,557
Rents by Unit Type
$0
$500
$1,000
$1,500
$2,000
$1,2
59
$1,7
15
$1,3
79
$1,5
57
$1,8
99
$1,8
59
Studio
1 Open
1 Bed
2B/1BA
2B/2BA
3 Bed
Units by Age-Class
0K 10K 20K
1900-1944
1945-1964
1965-1974
1975-1984
1985-1989
1990-1999
2000-2009
2010-2019
4K
2K
9K
8K
12K
9K
8K
15K
Vacant Units by Unit Type
235 (12%)80 (4%)
746 (37%)407 (20%)
(19%)
177 (9%)380
Studio
1 Open
1 Bed
2B/1BA
2B/2BA
3B
Historical Vacancy and Rent
$500
$1,000
$1,500
0%
5%
2013Qtr 1
2013Qtr 3
2014Qtr 1
2014Qtr 3
2015Qtr 1
2015Qtr 3
2016Qtr 1
2016Qtr 3
2017Qtr 1
2017Qtr 3
$999
$1,0
32
$1,2
56
$1,1
98
$1,2
62
$1,2
86
$1,2
22
$1,2
64
$1,3
20
$1,3
54
3.7%
4.4%
3.3%
4.1%3.8%
3.6%3.6%
3.6%3.4%3.7%
Actual Rent Vacancy %
Market MetricsCounty Buildings Total No of Units Vacant No of Units Vacancy %
King
Kitsap
Pierce
Snohomish
384
17
169
68
36,331
1,955
22,335
9,301
1,481
58
655
466
4.08%
2.97%
2.93%
5.01%
Total 638 69,922 2,660 3.80%
Vacancy by Unit TypeCounty Studio Open 1 1 Bed 2B/1BA 2B/2BA 3 Bed
King
Kitsap
Pierce
Snohomish
4.87%
0.00%
2.12%
6.15%
4.24%
6.25%
0.00%
3.77%
2.89%
3.21%
3.72%
4.54%
3.28%
3.33%
3.16%
3.76%
3.40%
3.15%
3.83%
4.55%
5.52%
6.63%
4.32%
Total 4.51% 3.89% 3.56% 3.65% 3.59% 5.35%
Rent by Unit TypeCounty
Studio 1 Open 1 Bed 2B/1BA 2B/2BA 3 Bed
King
Kitsap
Pierce
Snohomish
$1,320
$1,200
$860
$1,026
$1,752
$1,222
$618
$1,551
$1,010
$1,016
$1,153
$1,830
$1,213
$1,183
$1,257
$2,197
$1,658
$1,355
$1,487
$2,179
$1,379
$1,533
$1,711
Total $1,259 $1,715 $1,379 $1,557 $1,899 $1,859
$1,550
Apartment Rents & Vacancy Report Pacific NorthwestSeattle | 3Q 2018
Per Door70K 3.80%2.50%
Disclaimer: The data presented in this report is deemed to be accurate, however, Commercial Analytics makes no guarantee, warranty or representation of accuracy. Any reference to historical data is sourced from Dupre + Scott, 2017.
February 2019 25
Example
2/9/2019 Quad County-RA
1/1
Apartment Rents & Vacancy Report QuadCounty
$2,162Max Rent
$620Min Rent
$1,248Median Rent
$316Rent Deviation
$438Min Rent
$1,286Median Rent
$3,554Max Rent
$441Rent Deviation
$620Min Rent
$1,374Median Rent
$5,300Max Rent
$535Rent Deviation
$695Min Rent
$1,670Median Rent
$4,124Max Rent
$673Rent Deviation
$569Min Rent
$1,643Median rent
$5,200Max Rent
$665Rent Deviation
214Units Surveyed
$1,263Average Rent
474Units Surveyed
$1,367Average Rent
332Units Surveyed
$1,529Average Rent
261Units Surveyed
$1,881Average Rent
160Units Surveyed
$1,831Average Rent
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
$2,200
$2,400
Rent
Spr
ead
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
Rent
Spr
ead
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
Rent
Spr
ead
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
Rent
Spr
ead
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
Rent
Spr
ead
DSNeighborh…
AuburnBallardB Hill
DSSubMarket
King-CentralKing-EastsideKi N h
County
KingKitsapPi
Ye…
2,018…2,018…
Studio 1 Bed 2B/1BA 2B/2BA 3 Bed
Rents Analytics // CurrentSeattle | 3Q 2018
Disclaimer: The data presented in this report is deemed to be accurate, however, Commercial Analytics makes no guarantee, warranty or representation of accuracy. Any reference to historical data is sourced from Dupre + Scott, 2017.
Apartment Vacancy Report | Vol. 1 No. 126
Example
2/9/2019 Quad County RC
1/1
2.50%Studio
2.26%1 Bed
0.21%1 Open
2.40%2B/2BA
0.32%2B/1BA
-1.07%3 Bed
1 Bed2 Bed
Y
2…
Co…
(Mult…
Rent Change by Age-Class
0% 20% 40%
2010-2019
2000-2009
1990-1999
1985-1989
1975-1984
1965-1974
1945-1964
1900-1944
2.48%
1.84%
2.65%
2.87%
1.82%
1.97%
2.70%
2.89%
31.24%1.38%
0.02%
0.45%
-0.02%
0.71%
-2.33%
-0.04%
1.20%
1.01%
-0.54%
0.28%
1.76%
0.89%
-0.79%
-1.85%
-2.51%
1.55%
0.30%
2.86%
2.33%
-0.76%
-1.31%
-1.14%
-0.66%
0.32%
0.05%
-2.56%
-1.86%
Studio 1 Bed 1 Open 2B/1BA 2B/2BA 3 Bed
Y
2…
Current Rents by Unit Type
$0
$500
$1,000
$1,500
$2,000
$1,2
60
$1,7
48
$1,3
66 $1,5
30
$1,8
78
$1,8
35
Studio
1 Open
1 Bed
2B/1BA
2B/2BA
3 Bed
Current Rent by Unit TypeCounty Studio 1 Open 1 Bed 2B/1BA 2B/2BA 3 Bed
King
Kitsap
Pierce
Snohomish
$1,337
$1,171
$876
$1,096
$1,767
$1,180
$1,558
$1,006
$1,020
$1,168
$1,815
$1,204
$1,199
$1,276
$2,174
$1,605
$1,379
$1,531
$2,185
$1,390
$1,549
$1,656
Total $1,260 $1,748 $1,366 $1,530 $1,878 $1,835
Rent Change Q to Q by Unit TypeCounty Studio 1 Open 1 Bed 2B/1BA 2B/2BA 3 Bed
King
Kitsap
Pierce
Snohomish
2.27%
11.06%
4.27%
3.91%
0.43%
-6.57%
1.88%
-0.24%
3.93%
3.30%
-0.59%
1.49%
3.20%
1.69%
0.51%
1.36%
5.40%
9.67%
-0.89%
2.33%
-0.92%
-4.68%
Total 2.50% 0.21% 2.26% 0.32% 2.40% -1.07%
Rent Change Q to Q by Unit Type
Studio
1 Open
1 Bed
2B/1BA
2B/2BA
3 Bed
2.50%
0.21%
2.26%
0.32%
2.40%
-1.07%
Apartment Rents & Vacancy ReportQuadCounty
Rent Change Q to QSeattle | 3Q 2018
Disclaimer: The data presented in this report is deemed to be accurate, however, Commercial Analytics makes no guarantee, warranty or representation of accuracy. Any reference to historical data is sourced from Dupre + Scott, 2017.
February 2019 27
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500 UNION STREET, SUITE 650B
SEATTLE, WA 98101
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