Seattle Condo Vacancy Rates and Rent Prices

[Account Closed]

Hello Seattle Investors

I currently own and live in a condo in Seattle. I'll be moving out at some point this year and was contemplating renting it out. I was curious if anyone here owns condos in Seattle (~750 sq ft) and what the vacancy rates and asking rent prices have been. Have you been making concessions? Have your asking rents been going down?

[Tiffani T.]

@Account Closed Totally, yes..many folks are moving to more rural areas like TX, FL and MN where large corporations have decided to outsource and condense. You may have more luck renting out the condo unit advertising on Furnished Finder. Due to COVID, there have been numerous healthcare travelers committing to short-term assignments (typically 13 weeks) in Seattle.  They are mostly professionals with housing stipends paid for by the hiring company so you'll have some financial and emotional securities there.  It's also a tax-deduction advantage.