APARTMENT DEVELOPMENT REPORT June/July 2007 Joe Levin Private Capital Advisors | Multifamily

Market Indicators 

Featured Article

"Now could be apartment market's time to shine"
(by Joe Levin, published in the Puget Sound Business Journal 6/15/07)

Apartment rents are higher in 2007 and with market indications we will continue to see rent increases for the remainder of this year and next year.

As apartments continue to go condo, there are fewer rentals available, therefore rents increase.

In just the past few years, condo ownership has boomed and condo conversions are at an all-time high. There are far fewer apartments today, with more than 12,000 units converted to condos since 2005 in the Puget Sound region.

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