Market rent survey

Niwa

Survey as of Oct 9, 2026 · ApartmentIQ

Comp locations

Dot size reflects each comp's weight. Click a community for property detail.

★NiwaIncluded compThrive-managed compExcluded comp¼ and ½ mile radius

Leaderboard

Roystone Apartments leads the comp set on positioning, ahead of Koz Uptown.

Roystone Apartments scores 98, ahead of Koz Uptown at 68. Comps average 94.3% leased against Niwa's 85.6%, and 6 of 8 are offering concessions. Niwa asks $4.25 per SF on its market-rate homes, against comp averages of $3.88 achieved.

RankPropertyPositioning score Positioning score = 40% achieved rent per SF + 30% leased + 20% review rating + 10% distance. Each factor is scaled 0–100 across included comps; closer comps score higher on distance.Year builtAchieved PSFLeasedReview ratingDistance
NiwaSubject · AGM Real Estate Group2024$4.2285.6%3.9—
1Roystone ApartmentsGreystar
98
2023$4.5496.8%5.00.1 mi
2Koz UptownKōz Properties (in-house)
68
2024$4.5687.0%5.00.2 mi
3ArtixAvenue5 Residential
63
2023$4.1293.7%4.40.1 mi
4Windsor Queen AnneWindsor Communities
54
2018$3.6297.3%4.30.2 mi
5Center StepsAvenue5 Residential
40
2020$3.6794.1%4.00.2 mi
6Cora Queen AnneThrive Communities
39
2017$3.3996.0%4.10.2 mi
7Astro ApartmentsPlacemakr
38
2015$3.3295.7%4.20.2 mi
8Dorian BelltownThrive Communities
38
2012$3.8194.0%4.10.6 mi

Comp set overview

Pick a subject unit type or floor plan to compare against every included comp's matching floor plans. Asking rent is min. total cost — subject at survey market rent, comps at current asking rent.

Unit type comparisonUnit type & floor plansNumber of unitsAvg. unit size Each floor plan's unit size and rent are weighted by the number of homes in that plan.Asking rentAsking rent / SFVariance from subject
Niwa37596$2,350$3.94—
Artix10 floor plans101668$2,740$4.10$390
Roystone Apartments3 floor plans9501$2,138$4.27($212)
Astro Apartments4 floor plans112702$2,478$3.53$128
Cora Queen Anne4 floor plans30659$2,328$3.53($22)
Windsor Queen Anne13 floor plans58685$2,459$3.59$109
Center Steps24 floor plans116679$2,492$3.67$142
Koz Uptown2 floor plans49415$1,742$4.20($608)
Dorian Belltown15 floor plans150574$2,301$4.01($49)
Comp totals / wtd. averages75 plans625632$2,409$3.81$59
Variance of subject to comps-36-$59$0.13
Negative values in parentheses. Variance from subject is comp asking rent minus Niwa's survey market rent.

Rent vs. unit size

Asking rent, plus mandatory fees. Dot size reflects each comp's weight; click a dot for property detail.

Niwa survey market rent$2,350
Comp achieved, wtd.$2,348
Comp market trend Slope of a least-squares line through included comps' rent vs. unit size. Extra monthly rent per additional square foot.+$2.57 / SF
$1,500$1,800$2,100$2,400$2,700$3,000350 SF430 SF510 SF590 SF670 SF750 SFNiwa · 596 SF Artix · 668 SF · $2,740 · 16% weightArtixRoystone Apartments · 501 SF · $2,138 · 15% weightRoystoneAstro Apartments · 702 SF · $2,478 · 11% weightAstroCora Queen Anne · 659 SF · $2,328 · 13% weightCora Queen AnneWindsor Queen Anne · 685 SF · $2,459 · 13% weightWindsor Queen AnneCenter Steps · 679 SF · $2,492 · 13% weightCenter StepsKoz Uptown · 415 SF · $1,742 · 8% weightKoz UptownDorian Belltown · 574 SF · $2,301 · 9% weightDorian BelltownNiwa survey market rent · $2,350
Comp floor planExcluded compNiwa survey market rentMarket trend

Leased comparison

Leased percentage by property. Click a row for property detail.

Comp average, unit-weighted (94.1%) Each included comp's leased percentage is weighted by its total number of homes.

Comp evidence

Untick a comp to remove it. Click a name for its property detail.

1 Bed floor plans · min. total cost, concessions not netted
UseCompMilesBuiltSFAskingConcessionBasis rentSimilarityWeightSourceData age
Artix0.12023668$2,696—$2,74079%16%ApartmentIQ + rent rollOct 9
Roystone Apartments0.12023501$2,131$1,967$2,13877%15%ApartmentIQ + rent rollOct 9
Astro Apartments0.22015702$2,478$3,431$2,47866%11%ApartmentIQ + rent rollOct 9
Cora Queen Anne0.22017659$2,290$2,290$2,32870%13%ApartmentIQOct 9
Windsor Queen Anne0.22018685$2,399—$2,45972%13%ApartmentIQ + rent rollOct 9
Center Steps0.22020679$2,489$1,149$2,49271%13%ApartmentIQ + rent rollOct 9
Koz Uptown0.22024415$1,682$1,553$1,74257%8%ApartmentIQ + rent rollOct 9
Dorian Belltown0.62012574$2,301$1,062$2,30160%9%ApartmentIQ + rent rollOct 9