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Seattle Has Some of the Highest Rents in the Nation

Three different companies just released their national apartment reports showing the cities with the highest rents across the US. Not surprisingly, Seattle was coming in near the top on each of the lists!

Abodo National Apartment Report – Seattle sees the biggest increase in rents of all US cities.

Zumper National Apartment Report – Seattle has the 9th highest median rental rate in the US.

ApartmentList National Rent Report — Seattle has the 9th highest median rental rate for 1 bedrooms in the US.

Summer is right around the corner – call us if you’re ready to get a free rental market analysis to see where your property should be priced!







Just Leased


2201 3rd Ave #1705 |   Seattle
$2,000 per month
Featuring views of Lake Union, sound and Space Needle. Water, sewer, garbage, basic cable, electricity, internet, 1 parking spot and a storage unit all included in the rent. Recently updated with new carpet, new appliances, new tile shower, new counter tops, new, new, new! Large community deck perfect for entertaining. Only blocks from South Lake Union and Amazon. Close to Pike’s Market, Whole Foods, restaurants and shopping. Amenities: on-site manager, indoor pool, exercise room and party room.
Julia Tsurusaki |  206 778 5859  |  julia@pointe3.com  


2033 2nd Ave #2208 |  Seattle
$2,700 per month

This townhome boasts a 95% Walkscore. Share 1 wall with a neighbor and have a private outdoor space and your own garage. A block from the buslines, grocery stores and minute walk to downtown Ballard. Brand new carpet in the bedrooms and den will keep your feet warm. This gourmet kitchen has tons of storage and gas stovetop. Enjoy the beautiful hardwoods in the living space while cozying up to the fireplace. This home offers tons of windows and storage. It is the perfect place to call home!
Julie Johnston |  206 349 8923  |  julie@pointe3.com

Now Leasing

2350 10th Ave E #204  |  Seattle
$2,650 per month
NWMLS #931288. Sleek modern contemporary townhome built w/ exceptional quality & centrally located in Seattle for quick commutes & easy access to Dntn, I-5, I-90 & 10 min to Amazon. It has an open flr-plan w/ ample natural lt. K features gas cooking, SS appliances, tall tile bk-splash & built-in bfast table. Grand master ste encompasses entire 3rd flr. Huge master bath that inc an attractive glassed in rain head shower. Amazing rooftop deck boasts 360 degree views w/ water, power and gas. A/C on the main flr.
Joe Horgan  |  206 245 5990  |  joe@pointe3.com


10700 NE 4th St #1904 |  Bellevue
$3,100 per month

NWMLS #931081. Stunning 1 bd + den/ 1.5 ba home with views of Lk WA and the Seattle skyline! Featuring a gourmet kitchen with gorgeous slab granite counter tops, Viking gas range/oven, Subzero fridge and cherry cabinetry/hardwoods. Spacious master suite with a walk-in closet and spa inspired bathroom with marble countertops/floors and glass enclosed shower. Functional den space ideal for a home office or guest room. Floor to ceiling windows and west facing balcony. W/S/G, gas and parking included. No Pets.
Brooke Bradbury   |   425 260 5439 |  brooke@pointe3.com



Spring Rental Market Update

Puget Sound Business Journal recently published a report about the current state of King and Pierce County’s Rental Market. Below is a summary of what’s happening now!

The rate of rent started increasing again in January in the Seattle-Bellevue-Everett market after five months of decline. Overall, rent prices in Seattle are still going up, but at a slower pace, a recent report by a national company that tracks rental markets found. It’s a different story in the Tacoma-Lakewood market, where the rent growth rate has really gone up.

Year-over-year, the rate of rent growth in Seattle was 7.3% in January. That was down from December’s 7.9% annual increase, but higher than the 7% rise that was logged in January 2015. This January, the average apartment rent was $1,649.

Tacoma’s year-over-year rate of rent growth was 9% in January, up a bit from December’s 8.8%t increase but way ahead of the 5.5% increase from January 2015. This January, the average apartment rent was $1,171.
Increasing Demand the Cause of Rising Rates

A likely reason Tacoma’s rental rates are climbing is increasing demand. As people get priced out of Seattle, they’re moving to lower-cost markets. Apartment investors are responding by buying suburban properties.

Strong job growth has driven up rent prices in Seattle and Tacoma. At the beginning of December, Seattle-based Conway Pedersen said job growth for 2015 would be 3.2%.

But tenants may see some rental relief because the region’s red-hot job growth is forecast to cool off, according to the December issue of Conway Pedersen’s Puget Sound Economic Forecaster. It called for job growth of 2.3 percent this year, and 1.5 percent in 2017.

Are you looking to lease out your home or need help finding a new rental home? Contact us at 206-315-4628 today!

Quick Spring Relocation Update

We are starting to see the relocation market heating up for spring already!

Swedish, REI, Zulilly and Starbucks are consistently bringing in lots of new hires through our relocation division. Boeing is also still hiring despite the recent lay-off headlines, and their new 777X factory should be opening within the next couple of months. In addition, Amazon just signed a lease on another 12-story office building in South Lake Union, so we expect another wave of employees coming through to help fill that.

A lot of our relocation clients right now are looking for 1 bedrooms or 1 bedrooms with dens, want to lock in 12 month leases, and prefer to be in the urban environment (South Lake Union, Capitol Hill, lower Queen Anne, Belltown, downtown Bellevue).

If you’ve been waiting to lease out your unit, now is the time. Give us a call at 206-315-4628 to get a free rental market analysis for your property!

What’s New At Seattle Rental Group

This month, we opened a brand new Portland office for Pointe3 Real Estate and Portland Rental Group!

We’re thrilled to be located right in the heart of the Pearl District, among many shops, boutiques, restaurants, and beautiful architecture.

If you have questions about the Portland area rental market, please contact our Portland office at: experts@pointe3.com or 503-462-1211.