Seattle Rents Expected to Rise 6% in 2012

Unlike the purchase and sales market, the Seattle rental marketing continues to power on despite bullish rental developers.  According to Dupre & Scott, rents were up 4.5% in 2011 and are expected to go up another 6% in 2012 and then 3% annually after that.  So I guess the good news is if you own a condo and don't see yourself selling in the near term due to soft pricing, looks like finding renters won't be a problem.