Kidder Mathews’ multifamily team, led by Dylan Simon and Jerrid Anderson, has released its annual report on the Seattle and Puget Sound apartment development pipeline. The report provides an in-depth look at more than 1,000 individual apartment developments across four major Western Washington counties.
Simon commented that “the Seattle-Bellevue and Puget Sound region maintains its position as one of the nation’s most vibrant apartment development pipelines due to continued economic stability and growth coupled with lifestyle amenities that keep developers focused on the Pacific Northwest.”
By 2020’s end, this area had added more units to its inventory in ten years than it had during the previous 30 years. This current development pipeline of over 140,000 apartments may allow for another major milestone expansion within a decade.
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