Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
It isn’t all about amenities. Apartment developers and investors need to cultivate and activate a community atmosphere.
The Upper West Side luxury apartments were originally constructed as the Hotel Paris in the 1930s.
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