Seattle Times on Apartment Boom’s Toll
Earlier this week the Seattle Times took a look at the toll that Seattle’s apartment boom is having on some renters, Rising rents, rising towers push out tenants of modest means
The Seattle metro area is witnessing a historic boom in apartment construction: More than 7,000 units opened last year in King and Snohomish counties, including many in downtown Seattle. At least 10,000 more will open this year, and perhaps 14,000 next year.
But the bustle of new residential and commercial projects produces a largely unseen side effect: Renters of modest means are being pushed out.