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Metropolitan Seattle, South Lake Union, Amazon, Apartment Insights, Seattle Metro, housing shortage, San Francisco, median wage
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As Zillow reports that rents in Seattle are expected to climb 3.5% in 2018, Apartment Insights sees supply outpacing demand for high-end buildings with 50+ units, causing average rents to fall: “In Q4, the average monthly gross rent fell 2.9% from the prior quarter.”