US rental market continues to cool as record amount of new supply delivers "Outcomes have been mixed across individual local markets, depending on geography and unit type." (Puget Sound Business Journal)

As Seattle considers its next growth plan, The Sarah Queen set to rise at 23rd and Union "New filings show plans for The Sarah Queen project are gearing up for required outreach before the public design review kicks off for the development planned to create 112 new apartment homes above street level commercial or live-work space and underground parking for about 20 vehicles. The building could rise seven or eight stories depending on the review process, zoning decisions, and the final design." (Capitol Hill)

Seattle’s Pacific Place mall sells at deep discount Just a quarter of what it cost a decade ago (Seattle Times)

Seattle Proposes Co-Living Ordinance Seeking to Meet New State Mandate "By the end of 2025, cities and counties will have to fully implement that by removing numerous barriers to co-living housing — micro-apartments with communal kitchens, traditionally known as single room occupancies or boarding houses. Seattle already has released draft legislation that would go a long toward implementing the state statute this year, but there are some aspects that may need fine-tuning by the city council or another round of legislation next year to avoid run afoul of the state mandate." (The Urbanist)