Downtown Condo Rental: $2,650

olive 8 pool

This  condo boasting urban living at its finest in the coveted Olive 8 is now available for rent! Enjoy the spectacular water and and city views through glass walls and the private balcony while entertaining from your Chef’s kitchen, complete with stainless steel appliances, granite, custom lighting and cabinetry. Take advantage of the world-class amenities of the Hyatt Hotel such as room service, fitness center, 65′ saline lap pool, spa, valet, and housekeeping. Walk to shopping, theaters, and restaurants. Easy access to I-5, light rail and SLU streetcar. For more  information on this and other Seattle rentals, contact your local real estate agent today!

Status: For Rent
Bed//Bath: 1//1
Price: $2650/Month

Downtown Rental Market Update

The rental market has continued its hot trend as we head into the start of spring. Downtown condo’s are renting fast and at a premium rate. With companies continuing to expand in the Downtown area it is becoming more attractive to move back into the city after years of growth in the suburbs. Within the last 30 days Ewing and Clark Inc. has assisted our clients in leasing out their units to quality tenants at competitive prices.

 Recent units that we have leased:
2000 Alaska Way #335
1415 2nd Ave #2401
1240 Terry Ave #1702
If you are considering leasing your property but need assistance with the process, contact one of our leasing experts who can assist you throughout the process.

Downtown Condo Rental Available: $4,500

condo rental

This sleek two story corner unit in downtown Seattle is now available for rent! Condo features soaring 18ft ceilings, wrap around floor to ceiling windows and active views, with a large private deck. Warm interiors feature elegant colors and cherry hardwood flooring. The designer kitchen with granite counters and stainless steel appliances make for an entertainer’s dream. Spacious Great Room with fireplace is perfect for entertaining (flat screen tv stays in unit!). The 2nd floor master suite has a large walk-in closet, five-piece master bath and office area/sitting room for your convenience. Tenant will also have a secure garage parking space. For more information on Seattle condo rentals, contact your local real estate agent today.

Status: For Rent
Bed/Bath: 2,2
Price: $4,500

How Much Has Seattle Rent Risen In the Past 10 Years?

It’s not news to anyone living in Seattle that the cost of rent is considerably high today, given the low inventory and influx of renters in and around the city. But just how much has the cost of rent risen over the past decade? The folks over at Seattle Rentals pulled together some rental rates from 2002 in the Downtown Seattle area, and the comparison to 2012 is quite stagnant. rental

The average cost of rent in 2002 for a studio apartment rental was $548/Mo if you can believe it, compared to $940 in 2012. A one bedroom downtown unit used to be around $1,031, and today is $1,664, and a two bedroom was $1,662 whereas today is $1,719. What will rent be over the next ten years?

New Apartments Planned for Western & Vine

According to the Seattle Times, Seattle’s Schulster Group has recently put in the paperwork with City Planners for a proposed 12-story apartment building on the corner of Western & Vine Street in Belltown. The proposal is for a 132 unit apartment building that also includes 75 underground parking stalls.

The property is currently a parking lot owned Skyway Luggage. According to the Times, the Design Review Board is tentatively scheduled to review the project January 8th. Stay tuned for future updates!

Cost of Moving Takes a Toll on Your Wallet

The stress of switching rentals can be burdensome for a number of reasons, but the tax it can take to your wallet is one of the biggest issues many people face when moving into new homes. According to Zillow, US Census stats have shown that “19 million American households pack up and move every year.”

Back in 2010, the World Wide Relocation Association reported that the average professional move would cost roughly $12,230. Zowza! Factors that can become costly when moving include the distance of the move, packing supplies and/or services, and professional movers or rentals. When hiring professionals for the move, the price of the move obviously rises quite a bit, and the weight of your items could actually be measured on a scale system. Be sure to check to moving company’s system and request an estimate before moving forward with the move. If you’re limited on moving expenses, you can always opt to call a few friends who have larger vehicles and are willing and able to lift heavy furniture. For more information on all of the expenses that go into moving, visit Zillow’s Blog.

Two Story Downtown Luxury Rental: $3,995

This sleek modern downtown corner unit on the 900 block of Lenora features 18 foot high ceilings in this luxury two story unit! This 2 bedroom, 2 bath unit has massive floor to ceiling wrap around windows, with an impressive deck looking out to Northwest views.

The unit features beautiful cherry wood flooring, a designer kitchen with granite counter tops, and new state of the art stainless steel appliances. The living room hosts a toasty fireplace, and has flat screen TV stays for entertainment. The master suite is located on the top floor with a large walk in closet, a five piece master bath, and an office area. This unit is in close proximity to downtown retail shopping, and a variety of local eateries, as well as Denny Park. Contact Ewing & Clark for more information on this one of a kind Seattle dwelling!

Status: For Rent
Bed/Bath: 2, 2
Price: $3,995

How is Your Cost of Rent Determined?

There are several factors that come into play when owners, landlords, and housing boards decide how much to rent a particular space for. In Seattle it can be assumed that since inventory is low, the cost of rent is rising and will continue to do so for the next few years. The Seattle Transit Blog has an interesting take on how your rental price is determined, and why that price was decided maybe even before your apartment was built!

According to Seattle Transit, construction costs, and debt accumulated are taken into consideration, as well as what the market will hold when determining the set rent. They suggest that the cost of rent is decided before the unit is finished being built. There is a supply and demand factor in the housing price decision. If inventory is low, rent is high, but if there is a surge in construction maybe the quality of housing will decrease and renters will wind up eating extra costs. Seattle Transit suggests that if all goes well in the construction process, and attracts prospective tenants, we should be seeing an increase in supply and lower costs in housing production. Read the full story to gain a better understand of all the bells and whistles that come into play when deciding that final rental rate. Understanding that there are many factors at hand and wrapping your head around what those factors are should open the flood gates for new ideas to cut costs for renters and builders alike.

Downtown Seattle Condos Starting to Fill Up

Downtown Seattle Penthouse Condo Available

The past two years have not been promising for the Seattle Condo Market, and condo developers are finally starting to see a turn around in the Downtown area. According to the Seattle Times, roughly two dozen new projects were at work between 2007-2010 during big the real-estate crash. Many of those who bought the pre-sale backed out and several developers ended up converting their buildings to rental units to cater to the economy. Those who stuck it out had to slash prices, and in many cases had to lower the costs by up to 40 percent.

Today the market is starting to look more appealing and beginning to have the first signs that it will bounce back. A few good indicators include Escala raising  some of their prices; one of the largest downtown projects to date, Escala did so quietly, with the majority of their condo units selling for 99% of the asking price, they’ve begun upping the anty as their inventory gets smaller. Also of the 2,500 condo projects that have been built in downtown and surrounding areas, fewer than 250 units is left unsold. There are currently no new projects in place; most developers and lenders have put condos on hold to allow the market to recuperate. If you’re interested in learning more about finding a condo in the Seattle area, here is a list of available units.

Pioneer Square Board Gives the OK On 25 Story Apartment Building

If you’ve heard, the rumors are true; the city board, who has been in charge of keeping the historic presentation of Pioneer Square alive, cast their votes and approved the modern sleek design of a 25-story apartment high rise just north of the Sodo stadiums. The all glass and steel tower will be sectioned into 2-4 story boxes, that will be positioned at varying angles. The building is part of a larger project named Stadium Place, in what previously was the North Parking Lot of Century Link Field.

Photo Courtesy of the Seattle Times, ZGF Architects

 

The collaborative developers Daniels Real Estate and R.D. Merril presented the design back in December, and were met with mixed reviews, some stating that the design was far too modern to fit in with the historical appeal of Pioneer Square. But most members of the Pioneer Square Preservation Board actually had positive reviews of the design, and were all in agreeance with the new construction. The “South Tower” would be just a little shorter than the stadium, at 240 feet tall, and will have 333 units. Other projects are in the planning stages for the first phase of Stadium Place, such as a 20 story condo tower, and an office and hotel tower as well. For more information on these apartments, visit the Seattle Times.