Seattle Rents Rise, But East Side Is Pricier

It’s not a news flash that the real estate scene in Seattle has exploded in recent years. The Emerald City has gone from a town most people outside the state only associated with coffee and flannel, to the tech capital of the US (save for our friends in Silicon Valley). As home to some of the biggest tech names in the world and a booming job market to match, it’s fair to say there’s might not be enough housing to meet demand. Or, at least to meet demand AND your budget.

High rises, apartment buildings and condos are going up all over the city, and soon, our beloved skyline will be dotted with more and more buildings and towers, making the Seattle of just 10 years-ago look almost unfamiliar.

Seattle has recently made headlines as one of the most expensive places to live, get this, in the world. That’s right, recent data has placed Seattle’s rent rates at 5th highest in the nation and, supposedly 9th highest in the world! However, San Francisco and New York still dwarf us, tying for number one most expensive, world-wide.

Those of us who are Seattle Natives know that the average rental rate in Seattle has increased fairly dramatically in the last few years, but it’s interesting to note that, while Seattle’s rents have been on the rise, they don’t quite top the list of highest rents in the state.

According to recent data from Apartment List, Seattle ranks at number 5 in the state for highest rents, with the average monthly rent for a one-bedroom apartment at about $1,650.

Surprisingly, Mercer Island tops the list of cities in Washington for highest rents. A one-bedroom on Mercer Island goes for an average of a whopping $1,890 per month. No one said Island living was cheap, I suppose.

Filling in the gaps between number 1 and number 5 on the list are Bellevue at number 2 with an average of $1,860 per month for a one-bedroom (not a whole lot lower than their neighboring Island), Redmond at number 3 with an average of about $1,690 monthly rent for a one bedroom and Kirkland at number 4 with an average monthly rent of $1,660 for a one-bedroom.

Seattle and the Eastside are not the only places in Washington with rising rent rates. Tacoma tops the list nation-wide for fastest growing rent with a year-over-year growth rate of 7.7 percent. Seattle comes close, but not close enough to that figure with year-over-year rental rate growth at 5.3 percent.

Staggering growth aside, Tacoma is still a bargain in the rental market compared to Seattle, with a one-bedroom in Tacoma going for an average of $1,000 per month. For those of you keeping score, that’s a savings of $650 compared to Seattle.

But, proving that some things really don’t change, the cheapest places to live in the Evergreen State are still East of the Cascade Mountains. You can get a one-bedroom for only $600 per month in Walla Walla and it’s not much pricier in the State’s second largest city, Spokane, at around $630 per month.

What a difference a mountain range makes…

Have A Sweet And Sweaty Time At The 2017 Hot Chocolate Run

It’s almost time to lace up those running shoes and sign up for the annual Hot Chocolate 15/5k run! This year’s yummy and fun event kicks off on Sunday, March 5th at Seattle Center How’s that for a great way to spend the first Sunday-Funday of March, both for seasoned runners and first-timers who aren’t afraid of a challenge!

The fun begins bright and early at 6:45a.m. with the 5K and the 15k starts at 7:55a.m. Race participants can expect a fun, well organized and challenging race through the heart of beautiful Downtown Seattle (hills and all!), a fabulous SWAG bag of goodies to take home, of course, delicious chocolate. Talk about motivation to finish strong!

If you’re looking for a fun way to spend your Sunday while getting a great workout, consider signing up for this once-a-year event. The challenge is worth it to get to the Post Race Party where runners will enjoy music, a family friendly environment and a ‘finisher’s mug’ filled with hot chocolate, chocolate fondue and delightfully dippable treats. Don’t count the calories, you will have more than earned this chocolate indulgence!

The Hot Chocolate Run isn’t just a great way to spend a day off. The Hot Chocolate Run is partnered with Ronald McDonald House Charities, helping to provide a home-away-from-home for children and the families of children being treated at Seattle Children’s’ Hospital, at little to no cost to the families. A portion of the proceeds from signing up for this race will go to this outstanding cause, helping to make a real difference in our community.

Not into running or chocolate? That’s fine! But be aware, this race will take place in Downtown Seattle and along many main roads and thoroughfares, so you will want to plan ahead for any travel on that day. Take a look at the map (left) to see the route and read the chart below for a street closure timeline, to help you plan your day.

This event is great to do with friends, family or even by yourself. You’ll probably leave with new friends after a little friendly competition! This event brings together people from all over the city and state, so get out there, mix, mingle and help build a wonderful feeling of community in our fair city. Sprint into Springtime at this fabulous annual event, get a good sweat on and maybe even make some new friends….oh and eat chocolate! Do we really need to sell you on this?

For more info on this event, road closures, the post-race party and more, visit the Hot Chocolate Run website here.

Anticipated Road Closures:

Street Closure From To Side of Road Closure Time Anticipated Opening
2nd Ave Thomas St Broad St Whole Road 6:15AM 9:10AM
Broad St 2nd Ave Elliott Ave Westbound 6:15AM 9:15AM
Elliott Ave Broad St SR-99 NB On-Ramp SB One Lane 6:15AM 9:20AM
Elliott Ave SR-99 NB On-Ramp Western Ave Whole Road 6:20AM 9:20AM
Western Ave Elliott Ave Spring St Whole Road 6:20AM 9:40AM
SR-99 Bell St John St NB Lanes 6:15AM 11:15AM
SR-99 Western Ave John St SB Lanes 6:15AM 10:25AM
Aurora Ave Denny Way 45th St NB Lanes 6:15AM 11:15AM
Aurora Ave 38th St Denny Way SB Lanes 6:15AM 10:25AM
Harrison St Aurora Ave Dexter Ave Whole Road 6:25AM 11:15AM
Dexter Ave Harrison St Mercer St SB One Lane 6:25AM 11:15AM
Mercer St Dexter Ave 5th Ave East Bound Lanes 6:25AM 11:20AM
5th Ave Mercer St Thomas Ave SB Lanes 3:00AM 12:00PM
5th Ave Mercer St Thomas Ave NB Lanes 6:25AM 11:25AM