Rising Costs Squeeze Essex’s Seattle Apartment Income Even as Q2 Revenue Climbs 1.7%

Essex Property Trust's Seattle-area apartments posted higher revenue but lower profit in the second quarter of 2026, as a double-digit jump in operating expenses overwhelmed modest rent growth and made the Puget Sound the only Essex region to shed net operating income. Same-property revenue across the Seattle metro rose 1.7 percent from a year earlier, […]