Multifamily Market Commentary
Seattle’s Multifamily Outlook Remains Bright
April 16, 2021
The Seattle metro area was one of the best performing multifamily metros in the country prior to the COVID-19 pandemic. Much of the metro’s exponential growth over the past decade was a result of its well-established high- tech sector, as well as the resiliency of its manufacturing sector. The strength of the local job market, however, depends on a handful of large employers, including Amazon, Microsoft, and Boeing Co., of which the latter employs nearly 60,000 Seattle residents.