trome
Joined 10 years ago
Joined 10 years ago
There isn't more land to build roads on, and tunneling for roadways is extremely expensive and prone to delays (eg. SR 99 tunnel), esp. compared to our rail tunnels which have been repeatedly completed ahead of schedule and under budget.
Even the newer buildings being built right on Denny and Queen Anne Ave N in Belltown are entirely the creation of zoning, as they are height capped and forced to subsidize parking (which rents for $0.XX per sqft a month) over usable space that rents for dollars a square foot. Most of the people living and working in that area are using transit, with 70% not driving: https://www.seattle.gov/transportation/docs/2014TrafficRepor...
The Archdiocese of the Seattle Catholic Church needs to crack down on that, as they run the majority of the private schools in the city.
If the property manager tries this, its a sure sign that they are an ass. Also, the market seems to be cooling, one nicely remodled place I toured dropped to $1500 from $1700 for 950sqft 2 bed/1 bath in Queen Anne, then rented a week later. Seen a couple others do that, figure it should become more common as we get into summer.