Simon Anderson Multifamily Team
Kitsap County Apartment Vacancy Plunges 270 Basis Points as the Puget Sound’s Smallest Market Posts Sharpest Fundamental Improvement
A new Kidder Mathews report finds vacancy fell from 10.9 percent to 8.2 percent during 2025 — the largest decline of any submarket...
Pierce County Apartment Sales Reach $445MM in 2025 as Income-Focused Investors Target the South Sound’s Higher Yields
A new Kidder Mathews report finds 43 buildings traded at 6.0 percent average cap rates while the Tacoma-anchored market posted 2 percent rent...
Snohomish County Apartment Sales Reach $640MM in 2025 as Measured Recovery Favors Patient Capital
A new Kidder Mathews report finds transaction volume more than doubled from 2023 levels as flat rents and a light supply pipeline keep...
King County Apartment Sales Surge to $4.7B in 2025 as Four Submarkets Chart Divergent Paths to Recovery
A new Kidder Mathews report finds Seattle drove the lion’s share of deal volume while East King commanded the tightest cap rates, North...
Legacy Partners, Rush Companies Begin Vertical Construction on 138-Unit Bridge View Trails Apartments in Port Orchard
The $54MM garden-style apartment project on Harold Drive advances after years in planning, targeting delivery by late 2026 or early 2027. A 138-unit...
Seattle Microhousing Market Shows 92% Occupancy as Construction Pipeline Drops 48% Year Over Year
Average rents slip to $1,037 per unit while occupancy climbs from 91 percent, signaling potential rent growth as new supply dwindles to 691...
70-Unit Viking Apartments: Value-Add Play in Lynnwood’s Transit-Driven Growth Story
70-unit complex hits market as Snohomish County positions for multifamily boom despite construction slowdown The listing of Viking Apartments, a 70-unit multifamily complex...
Historic 33-Unit Queen Anne Apartment Building Sells for Nearly $6MM
Delmont Apartments fetches $5.975M after generating strong buyer interest, however, selling below February asking price The Delmont Apartments, a 33-unit vintage residential building...
Report: Puget Sound Multifamily Recovery in Rearview Mirror
By Meghan Hall The past 18 months have presented a lot of uncertainty for those in the multifamily industry. A mixture of pandemic-induced...
