occupancy rate
Rental Market May Finally Be Cooling Down in Greater Seattle. Still Hot in Tacoma.
With new units on the market and occupancy down, rents are growing more slowly.
In a sign of what could be the beginning of the end for the hot rental market, average rents are no longer growing at a torrid pace. While average monthly rents increased by 5.6 percent to $1,777 in the Seattle/Bellevue/Everett area in September from the year before, average rents actually declined slightly from the previous…