Spokane-area apartment vacancy rates have stabilized at a normal rate this year as multifamily construction projects are completed and new units are added to the housing supply.
Affordability concerns, however, are straining the market, some market observers here say.
You've got to bring all the stakeholders together to understand what we need and then build what's actually needed here. That means neighborhoods have to be willing to support new development... Governments have to be willing to reconsider how they can lower costs of permitting and regulations. And developers have to figure out more efficiencies."Steve Scranton, Chief Economist