The rental market in the Puget Sound region is very seasonal. Highest demand is during the summer months. Traditionally the market slows after schools starts and is slowest during the holiday season. While there are tenants searching year round, if tenants have a choice on when to move, it isn’t usually during the winter months. Despite the strong rental market, we’re already seeing days on market increasing significantly in all areas. For this reason, we often recommend negotiating a lease term that ends during the summer months. This way the landlord will be in a stronger position for negotiations with either the current or a new tenant.
We are here to help you and your clients with all aspect of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.