Seattle Apartment Building Investment Cycle peaking or just taking a breather?

In his Q4 report on the Seattle multifamily market ARA’s Jim Claeys says:

Vacancies and Concessions UP

Absorption and Rents DOWN

New Construction Pipeline UP 140% from year ago

Also Home and Condo Sales UP 41, 70% respectively

Sounds kind of like the cycle is moving to the next phase doesn’t it? See the whole article here: This may be a good time for developers to reassess their projections

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