W H E R E S E AT T L E
C O M E S T O L I F E
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GDP per capita
#4 IN THE US
Wealthiest city
#9
IN THE US
WHY SEATTLE?
Visitors to Seattle each year
38 MILLION
Projected population growth by 2023
2x
NATIONAL AVERAGE
for total passenger traffic at Seatac Airport
#8 IN THE US
Wealthy millennial households
#4 IN THE US
From international tourism each year
16% VISITOR SPENDING
Largest population with 3,798,902 residents
#15 IN THE US
Number of cranes
Top expansion market for Bay Area tech companies
Population growth of 20-somethings
Multifamily construction spending per capita
Percentage of the population with a college degree
#1 I N T H E U S
UNIVERSITY VILLAGE
PACIFIC PLACE
BELLEVUE SQUARE
AIRPORT
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1 Bil l & Melinda Gates Foundat ion
2 Apple
3 Facebook (Arbor Block s)
4 G oogle Cor porate
5 Ama zon Campu s
6 Ama zon World HQ & Spheres
7 Lig ht Rail Westlake Stat ion
8 P ike Place Market
9 Seat tle Ar t Mu seum
10 Benaroya Hall
11 The 5th Avenue Theat re
12 Wa shin g ton State Convent ion Center
13 Paramount Theat re
Enter tainment
Resident ial
Of f ice
Retail
Hotel
A CITY ON THE RISEIT’S ALL HAPPENING
DOWNTOWN
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DEMOGRAPHICS
PACIFIC PLACE
UNIVERSITY VILLAGE
BELLEVUE SQUARE
PIONEER PLACE
CHERRY CREEK
CITY CREEK
GALLERIA EDINA
DENVER PAVILIONS
50k0 100k 150k 200k 250k 300k 1MM 1.5MM 2MM 2.5MM 3MM 3.5MM 4MM
POPULATION
In 2018, Seattle ranked #1 in the US for multifamily construction spending per capita
1 Mile
3 Miles
Metro Area
Denver Pavilions
$76,171
$91,6
83
$108,723
$50k
0
$100k
$150k
$200k
Pacific Place University Village
Bellevue Square
Pioneer Place Cherry Creek City Creek GalleriaEdina
$103,315
$128,823
$118,413
$95,131
$143,4
77 $118,413
$165,759
$184,70
7
$118,413
$78,46
6
$108,0
13
$100
,785
$194
,014
$96
,09
2
$108,723
$67,128
$82,425
$99
,90
5
$101,885
$130,59
6 $106
,780
AVERAGE HOUSEHOLD INCOME
In 2018, Seattle ranked #1 in the US for expansion markets for Bay Area tech companies
1 Mile
3 Miles
Metro Area
1 MILE
42.7%
47.5%
33.5%
40.5%
31.8%
36.0%
30.1%
46.8%
3 MILES
40.4%
40.8%
30.5%
37.3%
42.4%
36.6%
26.8%
41.9%
MSA
30.5%
30.5%
30.5%
28.7%
30.1%
31.0%
27.7%
30.1%
MILLENNIALS (20 TO 39)
1 MILE
$103,315
$95,131
$165,759
$78,466
$194,014
$67,128
$101,885
$76,171
3 MILES
$128,823
$143,477
$184,707
$108,013
$96,092
$82,425
$130,596
$91,683
MSA
$118,413
$118,413
$118,413
$100,785
$108,723
$99,905
$106,780
$108,723
AVG HOUSEHOLD INCOME
CENTER
Pacific Place (Seattle, WA)
University Village (Seattle, WA)
Bellevue Square (Bellevue, WA)
Pioneer Place (Portland, OR)
Cherry Creek (Denver, CO)
City Creek (Salt Lake City, UT)
Galleria Edina (Edina, MN)
Denver Pavilions (Denver, CO)
EMPLOYEES
1 MILE
189,299
17,518
51,580
109,397
23,935
65,667
27,496
127,754
3 MILES
325,147
105,954
100,316
280,759
225,344
145,647
113,547
253,841
MSA
1.7MM
1.7MM
1.7MM
1.1MM
1.4MM
615,615
2.1MM
1.4 MM
POPULATION
1 MILE
84,194
40,015
25,431
38,461
18,446
25,299
18,423
43,457
3 MILES
242,973
208,202
84,372
189,653
225,016
136,589
111,516
238,914
MSA
4.0MM
4.0MM
4.0MM
2.5MM
2.9MM
1.2MM
3.7MM
2.9 MM
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San Francisco
Seattle
Nashville
Austin
Portland
Boston
Denver
Los Angeles
Atlanta
Phoenix
Houston
50% 60% 70% 80% 90% 100%
93%
90%
89%
89%
88%
86%
85%
85%
81%
80%
76%
OFFICE OCCUPANCY
Compared to peer U.S. cities
PERCENT OF ALL CENTRAL BUSINESS DISTRICT OFFICE CONSTRUCTION
in the U.S. by city in 2017
SEATTLE WORKPLACES300,000 jobs are located Downtown—approximately 30 jobs per day were added from 2010 through 2018
71MM square feet of of f ice space Downtown represents 79% of the total of f ice inventory in Seattle
69,000+ TECH WORKERS 4 companies within 1 mile: Amazon, Facebook, Google, Apple
NEARLY 13MM square feet of of f ice was added to Downtown Seattle since 2010 to support the 39% increase in jobs
MAJOR EMPLOYERS
20.4%
SEATTLE
19.9%
CHICAGO
48.3%
ALL OTHER
CITIES
11.4%
WASHINGTON, DC
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Washington State Convention Center Expansion Project©LMN2017
20110
100k
200k
300k
400k
2012 2013 2014 2015 2016 2017 2018
420k 422k404k
420k
380k 380k 383k400k
CONVENTION CENTER ATTENDANCE
A $1 .6 BILLION ADDITION TO THE
WASHINGTON STATE CONVENTION
CENTER WILL OPEN IN Q1 2022 ,
DOUBLING ITS SIZE AND POTENTIAL
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Pac
ific
Pla
ce
$0 $1k $2k $3k $4k $5k
San Francisco
Los Angeles
Boston
Seattle
Denver
Portland
Atlanta
Austin
Nashville
Houston
Phoenix
$4,550
$3,595
$2,700
$2,600
$2,095
$1,995
$1,725
$1,695
$1,675
$1,550
$1,397
82,000 residents (more than one in ten Seattleites) call Downtown home
38% INCREASE in Downtown Seattle population since 2010
RANKED #1 in the U.S in 2018 for greatest population growth for 20-somethings by CBRE and for the highest net millennial migration by JLL
3,780 new residential units were completed in 2018
33,000 more housing units are planned for Downtown
MORE THAN 54,000 HOUSEHOLDS in Downtown Seattle, and eight out of ten are renters
RANKED #1 in the U.S. in 2018 for multifamily construction spending per capita
RESIDENTIAL
MEDIAN RENTS compared to peer U.S. cities RESIDENTIAL UNITS by scheduled completion date
2012
1,875
10k
18k
2013 2014 2015 2016 2017 2018 2019 2020 2021
2,4463,292 3,600
2,199
5,677
3,780 3,535
5,617
17,454
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TOURISM
Seattle40%
60%
80%
100%
Boston Portland
92.2%91.6%
89.8%
SF Denver Nashville LA
87.8%85.9% 84.8% 83.7%
Atlanta Austin Phoenix Houston
73.5% 73.2%
58.6% 58.4%
DOWNTOWN HOTEL OCCUPANCY
Upon recent completion of the Hyatt Regency, the largest hotel in the Pacific Northwest, Downtown Seattle now has 16,000 hotel rooms and 2,00 Airbnb listings
CRUISE SHIP PASSENGER BOARDINGS
Cruise ship passengers disembark from Pier 66 and Pier 91, 1 mile away
THE 2019 EMERALD CITY EXPERIENCE
Since 2010, Downtown Seattle has seen a 63% increase in sales for entertainment, food, recreation, sports, and arts.
8.6 MILLIONmuseum and
performance attendees
3.5 MILLIONsports fans
15 MILLIONvisitors to
Pike Place Market
3.6 MILLIONhotel room
nights booked
$1.6 BILLIONin entertainment
industry retail sales
1 .1 MILLION cruise passengers
board or disembark at Piers 66 & 91
20140
200k
400k
600k
800k
1MM
1.2MM
2015 2016 2017 2018
823,780898,032
983,539
1,071,594 1,100,600
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DOWNTOWN SEATTLE RETAIL
WESTLAKE AVE
7TH AVE
OL
IVE
WA
Y
PIK
E S
T
PIN
E S
T
UN
ION
ST
UN
IVE
RS
ITY
ST
ST
EW
AR
T S
T
VIR
GIN
IA S
T
5TH AVE
4TH AVE
3RD AVE
6TH AVE
8TH AVE
9TH AVE
ParamountTheatre
I-5
I-5
ConventionCenter
ExpansionConvention
CenterExpansion
Light RailConstruction
Site
Ruth’sChris Steakhouse
WashingtonState Convention &
Trade Center
Grand HyattHotel
Tower @ 801Hyatt Regency
United StatesDistrict Courthouse
1700 7th Office Towers
blueacre
Plaza600Bldg.
Westin HotelWestinBldg.
6th &Lenora Bldg.
Bank ofAmerica
CreditUnion
Lloyd Bldg.
TheTower Bldg.
Do The Extraordinary
The WarwickHotel
HotelAndra
Olive 8Hyatt Hoteland Condos
ParamountHotel
1600 7th Office Tower
Mr. West
Zane+Wylie’s
ClubMonaco
SeattleSheraton Hotel
RocheBobois
Bed Bath & Beyond
CentennialBldg.
MayflowerPark Hotel
Westlake Center
HotelTheodore
GameWorks
Timbuk2
Motif Hotel
U.S. BankCentre
SeattleHilton
RedevelopmentOffice Tower,
Hotel and Retail
Rainer Square
IBM Plaza
Park PlaceBuilding
TwoUnionSquare
OneUnion Square
WashingtonAthletic
Club
SecuritiesBldg.
FairmontHotel
Capital Grill
UW Store
Seattle Symphony
Triple Door
Tim
es S
quare
Bld
g.
5th AveTheater
BrooksBrothers
Doc Marten’s
Mountain Hardwear
Ross DressFor Less
Mario’s
NorthFace
Despite being less than 6% of Seattle’s land mass, Downtown Seattle is home to 1/3 OF BRICK-AND-MORTAR RETAIL SALES and nearly 1/2 of leisure spending (including dining )
$1.6B in brick-and-mortar retail sales Downtown in 2018
MORE THAN A MILLION square feet of retail leases were signed in the past f ive years
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FIVE LEVELS OF FASHION, FLAVOR & FASCINATION
MODERN DESIGN
MARRIES WITH
NATURAL ELEMENTS
TO CREATE A
CONTEMPORARY
URBAN RETAIL
AND DINING
ENVIRONMENT
1,200 PARKING SPACES
DEDICATED SOCIAL MEDIA & MARKETING TEAM
24HR SECURITY
VALET
COVERED RIDESHARE DROP OFF
CONCIERGE
339,000 SQUARE FEET & f ive le vel s of shoppin g span an ent ire Downtown c it y block
DRAMATIC NEW ENTRANCE open s up to Seat tle ’s tech neig hborhood s
LIGHT-FILLED ATRIUM and t ran sfor med inter iors energ i ze gather in g spaces & connect the outdoors to The Great Indoors
OLIVE WAY | STREET LEVEL
PINE ST. |
STREET LEVEL
CONCOURSE
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PACIFIC PLACE’S
EIGHT FIGURE RENOVATION
af ter
be fore
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PA C I F I C P L A C E S E AT T L E . C O M
F O L L O W U S O N I N S TA G R A M :
@ PA C I F I C _ P L A C E
F O R L E A S I N G I N F O R M AT I O N
R O S S P E Y T O N
R O S S . P E Y T O N @ M A D I S O N M A R Q U E T T E . C O M
R I C H J O H N S O N
R I C H @ O DY S S E Y R E TA I L A D V I S O R S . C O M
D A N I E L L E W I S
D A N I E L @ O DY S S E Y R E TA I L A D V I S O R S . C O M
L I Z M C L AY
L I Z @ O DY S S E Y R E TA I L A D V I S O R S . C O M
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