Small Puget Sound Apartment Buildings Lose Tenants in 5 of 7 Submarkets as 50+ Unit Properties Trade Rent for Occupancy

Kidder Mathews' latest Puget Sound apartment data shows vacancy climbing in buildings with 5 to 50 units across most of the region over the past year, even as larger communities that trimmed rents absorbed tenants and narrowed a long-standing occupancy gap.