NAICS 53

Real Estate and Rental and Leasing in Seattle-Tacoma-Bellevue, WA

Metro Market Score 62.5 (Difficult), ranked #290 of 330 metros. 4,846 establishments, 39,792 jobs.

Metro Market Assessment

Metro Market Score 62.5
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Difficult

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Market conditions for real estate and rental and leasing in Seattle-Tacoma-Bellevue are tougher than average. The 62.5 market score reflects a combination of high labor costs, mixed growth signals, and an already crowded field. Rank: #290 of 330 metros.

Industry Concentration
91.5
LQ: 1.23
Rank #302 of 330 metros
Wage Competitiveness
97.3
$91,501 avg wage
Growth Trend
↑ 61.5
Employment growth index
Rank #128 of 330 metros
Wage Pressure
18.6
YoY wage change index

4,846 Real Estate and Rental and Leasing Firms in Seattle-Tacoma-Bellevue

4,846
Establishments
-1.3% YoY
39,792
Total Employment
+1.6% YoY
$91,501
Average Annual Wage
+4.7% YoY
1.23
Location Quotient
Above national avg

Seattle-Tacoma-Bellevue vs Washington Statewide

How this metro's real estate and rental and leasing market compares to Washington overall. The state ranks #40/51 for entry risk.

Measure Seattle-Tacoma-Bellevue WA Statewide
Overall Score 62.5 Difficult 48.0 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #290 of 330 metros #40 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Seattle-Tacoma-Bellevue

Accommodation and Food Services 53.4 Healthcare and Social Assistance 56.6 Retail Trade 60.7 Administrative and Support Services 67.7 Finance and Insurance 69.0 Other Services 69.3 Construction 74.5 Information 75.6 Professional, Scientific, and Technical Services 78.2

Real Estate and Rental and Leasing in Other Washington Metros

Walla Walla 34.8 #96/330 Longview-Kelso 34.9 #98/330 Mount Vernon-Anacortes 35.2 #100/330 Yakima 40.5 #145/330 Kennewick-Richland 46.8 #190/330 Bellingham 47.1 #192/330 Olympia-Lacey-Tumwater 47.3 #194/330 Bremerton-Silverdale-Port Orchard 52.6 #237/330 Spokane-Spokane Valley 56.4 #256/330 Wenatchee-East Wenatchee 57.0 #260/330

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Seattle-Tacoma-Bellevue's real estate and rental and leasing sector, the wage competitiveness component (97.3) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.