Matrix Multifamily Seattle Report-July 2025

Market Overview

Seattle’s multifamily market is gradually improving in mid-2025. Advertised asking rents gained 0.5 percent over the trailing three months to $2,246—outpacing the national increase of 0.3 percent. Occupancy remains healthy at 95.1 percent as of April, even as rent growth has slowed modestly.

About Yardi Matrix

Yardi Matrix provides comprehensive commercial real estate data and analytics across asset types including multifamily, student housing, office, industrial, and self-storage. Their metro-level multifamily reports deliver timely insights on rent trends, occupancy levels, supply pipelines, and market fundamentals—designed to support strategic decisions by investors, operators, and analysts.