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.  Rainier Ave S is the street with the most potential in Rainier Valley:

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

Rainier Ave S was closely followed behind by Martin Luther King Jr Way S and 42nd Ave S.

3.  Several driving forces are causing Rainier Valley’s significant development including the expansion of light rail, community investment and pioneering developments.

• The Link services Rainier Valley with several stops (Mt Baker, Columbia City, Othello and Rainier Beach). Most of these stops opened up right after the housing recession, so development was a little slow to start but has been improving recently.
• Certain sub areas of Rainier Valley have their own focused campaigns to build community pride and encourage development eg “O! Hello, Othello”
• Seattle Office of Economic Development and the Rainier Valley Community development fund invested into certain areas, allowing communities to be preserved/expand and making some key areas appear safer. These triggered pioneer developments that helped pave the way for other developers to move into the area.
• Due to the south side of Rainier Valley having lower rents than other areas of Seattle (average Seattle rent is $2210 vs $1400 in south Rainier Valley) there is a lot of investment into affordable housing developments including grants from Paul Allen, HUD and the Seattle Housing Levy.
• Low house prices and more park acreage per capita than any other neighborhood contributes to increasing demand from first-time homeowners.
• Rainier Valley’s location means that most of the neighborhood is within walking distance of Lake Washington and is within 15 to 20 mins of both the downtown and Sea-Tac international airport. Commuters also typically experience far less traffic congestion with easy vehicular access to I5, I90 and downtown Seattle.
• Seattle’s development has typically been focused to the north of downtown and as those opportunities become increasingly sparse more developers are becoming aware of the tremendous opportunities that exist south of the city center.
  

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