The Market
Why Seattle is One of the World's Premier STR Markets
Seattle is a working city that happens to sit in one of the best-looking settings in the country — Elliott Bay on one side, Lake Washington on the other, the Cascades and Mount Rainier on the horizon. Guests come for Pike Place Market, the Space Needle, the Ballard Locks and the neighborhoods: Capitol Hill for nightlife, Ballard for brick storefronts and oyster bars, Queen Anne for the skyline view from Kerry Park. Demand is a mix you don't get in resort markets — tech business travel, Alaska cruise passengers, conference crowds and summer tourists — which means a well-marketed rental or boutique hotel here can run a genuinely steady calendar instead of living and dying on one season.
Seattle runs closer to year-round than almost any market we work in. Summer is the clear peak — July and August bring dry weather, cruise season and festival crowds like Seafair — but spring and fall stay busy with business travel, conferences at the Seattle Convention Center and visiting families. The Alaska cruise season, roughly April through October, pushes hundreds of thousands of travelers through the city who often book a night or two before and after sailing. Blended numbers land near $185 a night at around 65% occupancy, with the strongest performers in walkable neighborhoods: Ballard, Capitol Hill, Queen Anne, Fremont and downtown-adjacent buildings. Boutique hotels and licensed short-term rentals compete for the same guest here, and the one with better photography and a direct channel usually wins.
Top Attractions & Landmarks
- Pike Place Market
- Space Needle
- Chihuly Garden and Glass
- Ballard (Hiram M. Chittenden) Locks
- Kerry Park, Queen Anne
- Discovery Park
- Alki Beach, West Seattle
Nearby Markets: San Juan Islands | Portland | Bend