Ascent of rent - Developers launch multifamily boom

As Featured in the Puget Sound Business Journal

Written by Jeanne Lang Jones

Image Courtesy of PSBJ

Jeanne Lang Jones writes, "lenders are more likely to loosen their purse strings for apartments than other types of development, according to Dean Jones, a principal and owner of Seattle research and marketing firm Realogics Inc. and Realogics Sotheby’s International Realty. 'Most of the new construction that’s being concepted is apartment,' Jones said, 'because that’s the only financing that’s available and the presale market is difficult.'”