Developers say there is big demand for Seattle apts that are geared toward young professionals who are feeling financially insecure and hesitant about entering the housing market.
“Apartments are the darlings right now of both the acquisition and development world, and it’s consistent across the country,” says Gary Carpenter.
“There’s been a lot more people moving to Seattle, the in–migration. Not necessarily jobs in hand, but the promise of jobs,” says Denny Onslow.
According to https://www.kuow.org/program.php?id=22967 renters of Seattle apts tend to be between the ages of 25 and 35 and 70 percent of them are women.
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