X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Union St. Apartments Union Street Apartments is a 60-unit mixed-use building in the Capitol Hill neighborhood.

SEATTLE—Based on current office leasing activity in Seattle and Bellevue alone, a projected 200,000 professional and support jobs will be created in the next several years. Estimating that every five new jobs creates demand for one new apartment unit, the region will require more than 40,000 new apartment units to maintain equilibrium with job creation and in-migration, according to a first quarter multifamily report by Colliers International. Employment fundamentals indicate that the Puget Sound is well positioned to absorb the 33,000 apartment units currently under construction and the pipeline of future development beyond that.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.