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Real Estate Buzz
 Lynn Porter Real Estate Editor |
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January 2, 2009
Real Estate Buzz: Many apartments will be delayed, scrapped
By LYNN PORTER
Real Estate Editor
Real Estate Editor
Many proposed apartment projects in King, Pierce and Snohomish counties that are slated to open between 2010 and 2013 will either be delayed or dropped, according to Dupre + Scott.
Due to the poor economy and credit crunch, 70 percent fewer units will get built in those counties in 2011 than the apartment research firm had earlier predicted. Fifty percent fewer will be built in 2012 and 2013.
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Previous columns:
- Real Estate Buzz: Wave of defaults, foreclosures hit in Sept., 12-18-2008
- Real Estate Buzz: Light rail to make suburban hubs a draw, 11-13-2008
- Real Estate Buzz: Apartment towers due for a slowdown?, 10-30-2008
- Real Estate Buzz: Changing light bulbs a challenge at library, 10-16-2008
- Real Estate Buzz: Credit crunch good for apartment owners, 10-02-2008
- Real Estate Buzz: Callahan: Seattle market will hold up, 09-18-2008
- Real Estate Buzz: Site of proposed Bellingham tower now for sale, 08-21-2008
- Real Estate Buzz: Intracorp listing includes a surprise, 08-07-2008