February 3, 2017
Tacoma expected to see big boom in apartments
Freddie Mac says Tacoma is now considered a top-10 U.S. market for multifamily investment — fueled by people priced out of Seattle.
By KATE MARTIN
The News Tribune
TACOMA — While apartment construction is expected to slow nationwide, Tacoma is now considered a top-10 market nationwide for multifamily investment by federal mortgage lender Freddie Mac.
The lender predicts Tacoma will be third in the nation for income growth in 2017, at 5.8 percent. Coupled with a relatively low apartment vacancy rate this year of 3.2 percent, it makes Tacoma a hot commodity for those looking to invest in apartment construction.