Redfin said apartment rents grew 2.5% year over year in December to a median rent of $2,000.
SEATTLE — The median asking rent in downtown Seattle grew for the first time in 17 months, according to a Redfin analysis, as experts wait to see the impact of Amazon’s return-to-office policy.
Redfin said apartment rents grew 2.5% year over year in December to a median rent of $2,000. Rents fell 36% to where they are today from a median rent of $3,118 in August 2022. Redfin attributed the fall in rent prices to an uptick in apartment construction.
Redfin calculated the new median rent by
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