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A recent article released by Seattle-based property management company, North Pacific Property Management, comments on the current rental rates and shifting rental culture.
Seattle, WA (PRWEB) June 26, 2014
Theres lot to say about the current climbing average rental rates of the Greater Seattle area. The increased number of developing apartment complexes coupled with the determined repurposing of older, smaller buildings to become rental spaces have so far been head to head. North Pacific Property Management shows their take on the current rental marketing trends and culture shifts in their recent article.
As of May, 2014, the average apartment rent within a 10 mile radius of Seattle, WA, is $1540. One bedrooms go for an average of $1381, and two bedrooms hover at an average of $1846 per month, the article advises potential renters.
Individuals interested in finding new housing in the Greater Seattle area should take advantage of the expertise of North Pacific Property Management: http://www.northpacificpropertymanagement.com/.
These numbers, however, have been impacted by the recent increase in newer apartment buildings. These complexes are able to set their rates much higher than apartments built before 1997, and are thus showing the average rate to be somewhat higher than a renter will actually be able to find if they are willing to rent in an older unit.
North Pacific Property Management advises that this need for renting in older buildings shouldnt be considered a burden by the renting community, because of the marked shift in recent cultural trends.
A new emphasis is being felt, possibly due to the hipster and eco-friendly movements, on preserving and repurposing old buildings to accommodate more renters in densely populated areas.
The trend gears us toward smaller apartment buildings in densely populated areas rich with cultural diversity, where public transportation is readily available and residents are able to walk to grocery stores, restaurants, and naturally, their favorite coffee shop, North Pacific Property Management explains.
Renters looking for low rent with unique neighborhoods shouldnt have any difficulties seeking out apartments with character and good locations, but if experts are needed to find the perfect home for a renter, North Pacific Property Management is sure to do just that.
About North Pacific Property Management:
North Pacific Property Management is a Seattle and Bellevue based company that manages everything from large apartment buildings to single properties. Their goals and processes work toward maximum efficiency, minimal vacancies, and the highest profitability.
North Pacific Property Management
2212 Queen Anne Avenue North
Seattle, WA 98109
206.462.2563 Ext. 102
For the original version on PRWeb visit: http://www.prweb.com/releases/north-pacific/rental-market-update/prweb11972325.htm
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