Bellingham Apartment Buildings for Sale
Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.
Bellingham Apartment Building Vacancy Rate 1.01%
The current vacancy rates for apartment buildings in Bellingham is 1.01%. The vacancy rate has remained below 2% for the last 5 years and counting. Whatcom County posts a total vacancy rate of 1.8%, which has also remained low for several years. As this is an average, the vacancy rate for highly desirable locations such as WWU campus are much lower than 1.01%. The continued low vacancy rate has consistently put pressure on rising rents even through the increase in inventory. There appears to still be a high level of absorption in the Bellingham multi-family market.
Bellingham Apartment Building Permit Activity
List of multi-family units permitted by year per the City of Bellingham permit center.
2017 – 277 units (Jan-Aug)
2016 – 232 units
2015 – 424 units
2014 – 322 units
2013 – 136 units