{"id":1004138211,"date":"2016-03-01T09:48:05","date_gmt":"2016-03-01T17:48:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004138211"},"modified":"2025-02-26T23:43:50","modified_gmt":"2025-02-27T07:43:50","slug":"yardi-matrix-seattles-spirit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-seattles-spirit\/","title":{"rendered":"Yardi Matrix: Seattle\u2019s Spirit"},"content":{"rendered":"<p>Buoyed by its technology sector and the metro\u2019s appeal as a live-work-play environment, Seattle\u2019s economy and multifamily market continue to break new ground. Job growth and demand for housing are among the highest in the nation, leading to a surge in rents that is not expected to abate anytime soon.<br \/>\n<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004138127\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-seattles-spirit\/seattlevsnational_rent_030116\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg\" data-orig-size=\"800,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"SeattleVSNational_Rent_030116\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg?w=800\" class=\" size-medium wp-image-1004138127 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg\" alt=\"SeattleVSNational_Rent_030116\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/SeattleVSNational_Rent_030116.jpg?resize=768,384 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Technology research is another flourishing sector. The University of Washington joined forces with Tsinghua University to create a Global Innovation Exchange (GIX), an initiative that is supported by companies such as Microsoft Corp., which donated $40 million toward the project.<\/p>\n<p>As more and more professionals and companies flock to the metro, developers are struggling to keep up with the rising demand for housing. In an effort to relieve the pressure, some 65,000 units are in various stages of development. The surge in demand helped push rents up nearly 10\u00a0percent\u00a0in 2015. We expect Seattle to remain hot in 2016, but rent growth should moderate slightly this year, to 7.2\u00a0percent.<\/p>\n<p><a href=\"https:\/\/www.yardimatrix.com\/Institutional-Research\" target=\"_blank\" rel=\"noopener\">Read the full report.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buoyed by its technology sector and the metro\u2019s appeal as a live-work-play environment, Seattle\u2019s economy and multifamily market continue to break new ground.<\/p>\n","protected":false},"author":192,"featured_media":1004138126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,21742,37795,1610,15],"tags":[],"class_list":["post-1004138211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-latest","category-rc-occupancy","category-seattle","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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