seattle Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Kidder Mathews, CBRE
Quarterly multifamily market indicators for seattle, aggregated by CREhunt from Cushman & Wakefield, Kidder Mathews, CBRE. As of Q1 2026, vacancy was 7.6%, per Cushman & Wakefield.
Projected current multifamily pricing — seattle
Projected asking rent
$2,109/unit/mo
Estimated sale value
$221,636–$277,045/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.5%, asking rent held flat). Assumes ~93% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Cushman & Wakefield | — | 7.6% | — | — | Cushman & Wakefield |
| Q1 2026 Kidder Mathews | $2,004.00/unit/mo | 7.1% | 2K SF | — | Kidder Mathews |
| Q1 2026 CBRE | $2,213.00/unit/mo | — | — | — | CBRE |
| Q4 2025 Kidder Mathews | $2,061.00/unit/mo | 7.0% | — | — | Kidder Mathews |
Frequently asked questions
- What is the average asking rent for multifamily space in seattle?
- CREhunt aggregates multifamily asking-rent data for seattle from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in seattle?
- The multifamily vacancy rate in seattle was 7.6% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's seattle market data come from?
- This report aggregates quarterly multifamily market data for seattle from Cushman & Wakefield, Kidder Mathews, CBRE.
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