Report: Eastern Washington Apartment Market Sees Pickup in Activity

Report: Eastern Washington Apartment Market Sees Pickup in Activity
News| November 24, 2025| Jasmine Kilman
Seattle & Northwest + Apartment Buildings

The Eastern Washington apartment market saw a pickup in activity, according to a recent report by Kidder Mathews across 20 counties, including Spokane, Benton, Franklin, Chelan, and Yakima.

Overall pricing remained strong at an average of $147,000 per unit. This was driven by continued demand and aggressive pricing for 1980s and newer assets. Properties built in the 1970s and earlier traded at an average of $103,000 per unit.

The report was compiled by Vice President Max Frame of Kidder Mathews’ Simon | Anderson Multifamily Team, which has experienced a noticeable increase in activity since the summer, with eight sales in Eastern Washington and 21 statewide since August. “We’re finally seeing the return of consistent deal flow, and that’s giving both buyers and sellers a clearer view of where values stand,” said Frame. “For owners, this is the moment to assess operations and make adjustments that can drive better outcomes next year.”

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up