Apartment Market Strength

Interesting data from PSBJ on the strength of the apartment market in Seattle. I was interested in the 2nd to last paragraph, suggesting that 60% of the currently proposed projects will be built. (I’ll be further interested to see how many of those units convert to condos if we see a lack in supply in newer-construction condos once the current supply + shadow inventory is sold).http://www.bizjournals.com/seattle/print-edition/2012/01/13/apartment-property-market-reawakens.html