{"id":1722,"date":"2020-03-05T10:30:46","date_gmt":"2020-03-05T18:30:46","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=1722"},"modified":"2020-07-27T15:19:54","modified_gmt":"2020-07-27T22:19:54","slug":"spring2020investmentreview","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2020\/03\/05\/spring2020investmentreview\/","title":{"rendered":"Breaking Down What\u2019s Behind Record-Breaking King County Apartment Sales, Velocity"},"content":{"rendered":"<div id=\"pl-1722\"  class=\"panel-layout\" ><div id=\"pg-1722-0\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-1722-0\" ><div id=\"pgc-1722-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-1722-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: justify\"><strong>MARCH 03, 2020 (Seattle, WA)<\/strong><\/p>\n<p>Lee &amp; Associates\u2019 Northwest Multifamily team issued its Spring 2020 Multifamily Investment Review this week, which delivers an analysis of the record-breaking King County apartment sales and velocity of 2019. The discussion included key economic trends, an overview of rental demand trends, a briefing on apartment development supply, and key legislative and property management developments.<\/p>\n<p>Lee &amp; Associates\u2019 Candice Chevaillier, CCIM, shared a few insights with Connect Media from the report.<\/p>\n<p>They included:<\/p>\n<ul>\n<li>Sales volume experienced a hockey stick effect at the end of 2019, with sales volume up 72% from the first to the second half of the year.<\/li>\n<li>Vacancy rates are expected to rise from an average of 3.5% to closer to 4.5% through the end of the year. 2020 is the last year of major new unit delivery. Then, unit deliveries slow in 2021, paving the way for rent growth.<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><div id=\"panel-1722-0-0-1\" class=\"so-panel widget widget_lsow-button\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-lsow-button so-widget-lsow-button-default-7cdee0581b16-1722\"\n\t\t\t\n\t\t><div class=\"lsow-button-wrap\" style=\"clear: both; text-align:center;\"><a class= \"lsow-button  lsow-custom lsow-medium lsow-rounded\" data-color=\"#98002e\" data-hover-color=\"#98002e\" href=\"https:\/\/indd.adobe.com\/view\/5bf73eaf-2bdf-4a90-9482-4b249e851053\" target=&quot;_blank&quot;>Click Here to View the Spring 2020 Investment Review<\/a><\/div><\/div><\/div><div id=\"panel-1722-0-0-2\" class=\"so-panel widget widget_lsow-button panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-lsow-button so-widget-lsow-button-default-7cdee0581b16-1722\"\n\t\t\t\n\t\t><div class=\"lsow-button-wrap\" style=\"clear: both; text-align:center;\"><a class= \"lsow-button  lsow-custom lsow-medium lsow-rounded\" data-color=\"#98002e\" data-hover-color=\"#98002e\" href=\"https:\/\/www.connect.media\/breaking-down-whats-behind-record-breaking-king-county-apartment-sales-velocity\/?utm_campaign=Connect%20CRE%20News%3A%20Seattle&#038;utm_source=hs_email&#038;utm_medium=email&#038;utm_content=84246800&#038;_hsenc=p2ANqtz--rVfLkDUIN_LOeJshFh-LSR0TTSsFShk9Dab7I6f44kOTXlHwklphYHOv1BbB5--9j0RAaA6YkozQkB-Xq0Vff6_Ze3g&#038;_hsmi=84246800\" target=&quot;_blank&quot;>Click Here to Read the Full Connect Media Article<\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>MARCH 03, 2020 (Seattle, WA) Lee &amp; Associates\u2019 Northwest Multifamily team issued its Spring 2020 Multifamily Investment Review this week, which delivers an analysis of the record-breaking King County apartment sales and velocity of 2019. The discussion included key economic trends, an overview of rental demand trends, a briefing on apartment development supply, and key legislative and property management developments. Lee &amp; Associates\u2019 Candice Chevaillier, CCIM, shared a few insights with Connect Media from the&#8230;<\/p>\n","protected":false},"author":39,"featured_media":1727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1,1061],"tags":[],"class_list":["post-1722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-media-center","category-multifamily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Breaking Down What\u2019s Behind Record-Breaking King County Apartment Sales, Velocity - Lee &amp; Associates Pacific Northwest<\/title>\n<meta name=\"description\" content=\"Lee &amp; Associates&#039; multifamily team released their Spring 2020 Investment Review, and spoke with ConnectMedia on some of the key points within in it.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/northwest\/2020\/03\/05\/spring2020investmentreview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking Down What\u2019s Behind Record-Breaking King County Apartment Sales, Velocity\" \/>\n<meta property=\"og:description\" content=\"Lee &amp; 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