Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’

At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat rents and a vanishing development pipeline, while Seattle Deputy Mayor Brian Surratt conceded the city's JumpStart payroll tax has drifted from its housing mission and pledged a recalibration of MHA.