1031 Exchange Washington

In the wake of the Coronavirus pandemic, 2020 will be remembered as one of the most challenging, chaotic, and bizarre years in recent memory – easily rivaling the economic turmoil and social unrest of 2008. In a matter of weeks, 2020 will be behind us [insert sigh of relief], naturally prompting questions about the outlook for 2021.

As a real estate investment advisory firm specializing in 1031 Exchanges & Delaware Statutory Trusts, our company has experienced an unusually high level of exchanges from rental property owners in 2020. As you may expect, this exchange activity is concentrated in highly appreciated and highly regulated rental markets like Seattle, Portland, and San Francisco as landlords look to 1031 Exchanges as a way out. So let’s analyze the key factors driving this trend and the expected impact on the Seattle and Washington rental housing market in the coming year.