We’ve been active in the market—working through deal processes, engaging with buyers, and observing how transactions are actually coming together—and the latest data reflects what we’re seeing in real time.

Two themes in particular stand out this month:

  1. The Puget Sound apartment market reached $6 billion in 2025 sales, more than double 2023. We’re seeing greater consistency in pricing, improved access to debt, and more measured but meaningful engagement when assets come to market.
  2. East Link light rail opened March 28th, connecting Seattle, Bellevue, and Redmond. This has been a long-anticipated development and influences how investors evaluate connectivity, commute patterns, and the relative positioning of submarkets across the region.

If you’re active in the Seattle or Eastside multifamily market, this is worth a few minutes of your time.

WATCH the full video for a closer look at what’s unfolding and how these shifts are taking shape.