Untapped STR potential in Seattle?

[REDCraig]

I'm a real estate developer and now I want to focus on multi-family and commercial projects. I'm very curious about Seattle's potential so I want to ask if what you guys think are untapped in that area, particularly in overlooked urban or suburban submarkets beyond the obvious tourist areas? I'm keen to connect with investors, brokers, and fellow developers who see value in well-located, underutilized properties. What unique challenges or opportunities have you encountered in these less-traditional STR zones?

 

[Biziness85]

Since you're planning on multi-family projects, you'll probably want to aim for the suburban areas and forget about short term rentals. Sure, you may come a cross a few families going on vacation or taking a trip through Seattle, but don't expect it to bloom.

 

[tungtungsahur]

@Biziness85 You make a fair point, but I've seen mid-tier suburbs like Shoreline or Renton quietly killing it with traveling nurses and tech interns. I guess the trick is finding properties near transit lines. If OP is into under-the-radar spots, I would suggest White Center.

 

[greyson6]

Seattle definitely has some overlooked areas outside the usual tourist spots, especially in certain suburbs and up-and-coming neighborhoods near transit . These places often have good potential for multi-family and commercial projects but fly under the radar. The biggest hurdles are usually zoning and permitting, which can slow things down, but the returns can be worth it. Connecting with local brokers and developers who know these areas is really helpful.

 

[Swimming_Childhood89]

Seattle's south end, like Rainier Valley and parts of Beacon Hill has potential. Good transit access, diverse communities, and underused lots make it ripe for multi-family or mixed-use.