Seattle - Apartment Insights 4th quarter results show the Thurston County market rebounding a bit after a period of decline, according to Tom Cain of Apartment Insights. The data are from his Seattle firm’s statistics and trends on 50+ unit properties in Pierce, Kitsap and Thurston counties.
Pierce, Kitsap, Thurston 4Q12
The market vacancy for conventional, stabilized 50+ unit properties in all three counties is 6.6%, down slightly from 6.74% last quarter. The vacancy rate was 7.02% a year ago. The vacancy rate for all properties, including those in lease-up is 7.68%.