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Glenn Crellin talks to KUOW about rising rents in Seattle

Glenn Crellin, the Runstad Center’s Associate Director for Research, talked with KUOW last week about rising rents in Seattle and what they say about the economic health of our city.  Seattle has added nearly 2,000 apartments this year, but rents have gone up. The average renter in King and Snohomish counties now pays $1,190 dollars a month, a 5.8 percent increase over the past year. So what’s driving the skyrocketing rent prices? Click here to listen to Glenn’s conversation with KUOW’s Marcie Sillman: