
(Image: Kate Clark via Flickr)

Seattle in Progress shows 23 projects completed around Capitol Hill in the past year (top) and more than 90 either planned or permitted (below)
Greater Capitol Hill will be home to at least 600 new apartment units in 2015 as the most recent wave of ongoing construction projects finally finish up. A recent report from Dupre+Scott Apartment Advisors projects 729 new units will open in 2016 and 707 in 2017.
In all likelihood, the true number will be even higher as the Dupre+Scott report doesn’t count microhousing, subsidized/nonprofit housing, or buildings that have under 20 units.
Last year, the real estate analysts counted 778 new units in the Capitol Hill region, which includes Eastlake and First Hill. Across the Puget Sound, a record total of 12,000 apartments are expected to open this year, Scott said. Some 48,000 apartments are expected to open in the region by 2019.
So can all this new supply keep up with demand and put the brakes on climbing rents? Continue reading




