Multi-family housing is becoming more popular and accepted as a Northwest lifestyle. Various market place factors have combined to increase the demand for multi-family housing.
Land is becoming so valuable that many people can no longer afford a detached single-family residence.
The GMA (Growth Management Act) has required many cities to increase densities within their urban growth boundaries. Cities have responded by increasing the allowable densities on many land parcels.
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Many baby boomers often prefer a residence and lifestyle that does not require the outside upkeep and maintenance.
Often the multi-family developments are located closer to work and shopping centers and public transit.
Many people prefer the simplicity of renting and the ease of relocation that renting provides.
Multi-family rentals and condominiums are growing in popularity and will continue to supply the housing needs for a wide cross section of Puget Sound residents.
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