Are Seattleites temporarily moving? New report suggests big city exodus may not be permanent by Callie Craighead, SeattlePI
Although rental prices in the city have declined nearly 20% since the start of the COVID-19 pandemic, there have been seemingly endless word-of-mouth tales about Seattleites leaving the city and flocking to the suburbs.
However, new data from Apartment List is showing that the exodus from the urban core of Seattle and other major cities may only be temporary.
The Renter Migration Report shows that interest in short-term leases nationwide has spiked since the onset of the pandemic in March, suggesting that those renters leaving expensive coastal metros might not be gone for good.