Seattle just earned the top spot in Green Street’s September rankings, grading #1 among the 50 major metro markets the firm covers. There’s a blemish on an otherwise strong report card: business friendliness. But that may not last with the recent letter to city officials signed by dozens of the region’s most prominent CEOs. We’re calling for change.

At the same time, the supply story is shifting. After years of heavy deliveries, new apartment construction is on track for a real pullback in the years ahead. We’re tracking every project in the pipeline across the region, and the findings point to a meaningfully different picture than a year ago. That full breakdown lands soon in the Simon Anderson Multifamily Team’s 2026 Development Pipeline Report.

On September 24th, Dylan joins economist Matthew Gardner in Bellevue for the Washington Apartment Outlook, digging into what these shifts mean for owners, investors, and developers across the Pacific Northwest. Register here.

Meanwhile, take a look at our current pending sales and active listings for a real-time read on how buyers and sellers are navigating this market: 19 pending transactions and 21 active listings across the region.