3 important facts when analyzing Seattle CBD’s future growth

This blog series is in response to customer feedback following our “Top 10 Seattle Neighborhoods Set for Growth” piece that appeared on King5 evening news. We will break down some key development results in each of these neighborhoods giving you more insight into what is happening in each location.

The Central Business District is the prime shopping and employment center of Seattle. Many international retailers, global companies, and reputable hotels are located within its boundaries, making it a primary destination for commuters. It is also the home for many notable attractions including the Seattle Art Museum and Benaroya Hall. Due to the increasing significance of Seattle on a national scale (Washington is #1 state for combined employment growth and wage growth), a number of skyscrapers are in the process of development. The resulting structures will certainly shape the landscape, tourism, and employment of the city for decades to come.

3 Fast Facts about Seattle CBD’s development

1.  Over 60 properties are profitable redevelopment opportunities

These properties have been identified by our team as having high development scores and therefore are likely to be actively pursued over the coming years.

2.  Pine Street is the street with the most potential in Seattle’s CBD:

CityBldr has identified that this street has the most undiscovered development potential. Property owners could sell for $91M more than the market suggests.  Tweet this

Pine St was closely followed behind by 2nd Ave and 3rd Ave.

3.  Several driving forces are causing the Central Business District’s significant development including its historical significance, its central location and Seattle’s overall growth.

  • The CBD is the main employment center of Seattle and as a result, there is a constant supply of people coming into the city to work and live.
  • The CBD is in close proximity to a lot of significant heritage, architectural, tourism and entertainment sites. This ensures it is a priority development location for hotels and business uses that rely on these cultural activities in order to thrive.
  • Investment in infrastructure and the changes to Alaskan Way will make the CBD more accessible and also more connected with the waterfront.
  • Buildings in the center of the city offer stunning views across the Puget Sound or of Seattle’s growing cityscape.
  • The city center is the most connected location in Seattle, allowing residents and commuters to connect with every neighborhood of Seattle.

Do you own an underutilized property in the Seattle CBD?

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Recent examples of Seattle CBD’s ever changing presence.

Some of the CBD’s newest businesses

Some of the CBD’s newest buildings

Some notable projects under construction

Photos from around Seattle CBD

Do you know the owner of an underutilized property in Seattle CBD?

If so, their property may be worth more than they think.

Information is power. Share this article with them so they know their neighborhood is important, and tell them about citybldr.com where they can instantly find out how much their home is worth to a builder or developer.

Our “Countdown of the top 10 neighborhoods set for growth” continues!

Follow us on social media as we continue to count down the Top 10 Seattle neighborhoods set for growth. Next up at #5 is Queen Anne and we will share additional information next week!

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