Expo 62′s branding was widely criticized by many in the Seattle real estate community, but at least the brand was distinctive. Prometheus Real Estate Group, the apartment developer who acquired Expo 62 from Intracorp, has rebranded the development as Axis Apartments.
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Has renting in downtown Seattle become more expensive than owning? Or perhaps Axis Apartments is highly ambitious? I purchased a condo at Parc Belltown in March, and I pay less per month to own a comparable unit than it now costs to rent at Axis Apartments.
|Axis Apartments Floorplans||Beds||Baths||Monthly Rent|
|0 Bed 1 Bath||Studio||1||$1175-$1425|
|1 Bed 1 Bath||1||1||$1450-$1996|
|1X1 Plus Den||1||1||$1555-$2310|
|2 Beds 2 Baths||2||2||$2145-$2900|
The most interesting floorplans are the two-story townhouse style live/work lofts with direct sidewalk access. These units have become increasingly popular and typically sell for $400-600k as condos, but I’m not aware of any that are available for rent in traditional apartment communities like Axis. Where else can you rent a two-level live/work loft in an apartment building near downtown Seattle?