425.823.9809 | Vozhi.firstname.lastname@example.org
206.450.5945 | Vozhi.email@example.com
SUMMARY OF FEDERAL WAY & AUBURN MARKET (COSTAR.COM)
Strong demand in Federal Way has resulted in tight vacancies and solid rent growth, which is among the highest in the metro this cycle. However, it should be noted that there was a notable decrease in annual gains starting in late 2016. New development has historically been limited in the submarket, but construction activity has been above average since the beginning of the recovery due to a growing renter base from those priced out of the urban core.
Investment reached unprecedented levels in 2015 and 2016, including both institutional and smaller value-add deals. Sales volume since then has been much lower as prices have appreciated, but institutional investors continue to target the submarket in search of higher yield.
425 H ST. NE AUBURN WA 98002