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January 26, 2012

Southend apartment market is slowing

By JOURNAL STAFF

SEATTLE — The South Puget Sound apartment market is slowing down, but could improve due to military moves, Apartment Insights Washington reports.

The year-end vacancy rate in Pierce, Kitsap and Thurston counties was 7 percent, or 119 basis points higher than at the end of 2010. More landlords are offering incentives to lure tenants, states the company's fourth quarter report.


 
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