2025 didn’t unfold the way many expected. After several years of disruption, the apartment market slowly found its footing again—and by year-end, the numbers paint a picture far healthier than most headlines suggested.
A few standout signals from the past year:
- One quarter nearly reached $2B in sales volume, something seen only a handful of times in the last decade.
- Cap rates climbed to a 10-year high, resetting expectations across the region.
- A major buyer surpassed $1B in Puget Sound acquisitions.
- Private capital continued to lead the market in overall activity.
Watch the video for what this means for asset values, timing, and next year’s opportunities.
Wishing you and your families a very happy holiday season and a strong start to the new year.
DYLAN SIMON
Executive Vice President
206.414.8575
JD FULLER
Senior Associate
206.665.3272
Dylan and JD are two of the most active institutional brokers in Seattle and the Puget Sound region, specializing in the sale of apartment buildings and development land across Washington state.