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Real Estate Buzz
 Lynn Porter Real Estate Editor |
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February 12, 2009
Real Estate Buzz: Properties ‘really starting to feel the pinch'
By LYNN PORTER
Real Estate Editor
Real Estate Editor
Rents fell in 43 percent of buildings of all types in the fourth quarter nationally, but the Puget Sound region fared worse, with rents declining in 48 percent of buildings, according to Reis, a real estate research firm.
Reis said in the first three quarters of 2008 rents fell in 25 percent of buildings nationally, and in 17 percent in this region.
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Previous columns:
- Real Estate Buzz: Justen sees good market for high-end units, 01-29-2009
- Real Estate Buzz: Full speed ahead for Escala condos, 01-15-2009
- Real Estate Buzz: Many apartments will be delayed, scrapped, 01-02-2009
- 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