How do 60,000 new employees affect Seattle?

On February 14th, at Downtown Seattle Association’s (DSA) State of Downtown event, several note-worthy stats were brought to light to paint a picture of Downtown Seattle’s story, since 2010. The driving factor behind the city’s transformation is the demand for more employees; it’s clear that housing is the “traffic jam.”

Reported statistics for Downtown Seattle

2010 – present:

  • 60,000 new jobs were added
  • Population has grown 22%
  • Taxable brick-and-mortar retail sales have increased 34%

2016

  • Downtown businesses contributed $3.2 Billion in local, state, and federal taxes

2017

  • From construction, 3.6 million square feet of space was added above street level
  • 5,725 residential units and 637 hotel rooms were added

Present – 2020

  • 3 million square feet of space will be completed
  • More than 8,700 residential units and 2,400 hotel rooms will be developed
  • Public projects, budgeted around $330 Million are planned or underway

The short version

The takeaway is more people are moving to Downtown Seattle than there are places for them to live. For the majority of Downtown Seattle, the only way to accommodate these new residents is to build upward. Two major concerns that the DSA discussed were homelessness and affordable housing, and traffic. They have not developed a solution, however, there is a 20-year plan called One Center City to develop a solution.

The event discussion was focused on Downtown Seattle (Downtown Seattle area defined by the DSA), but the findings reflect the story of all of Metro Seattle. Without an adequate supply of housing for the thousands of new employees hired per month, it’s not difficult to see how problems can arise. Downtown Seattle has its issues of traffic and congestion that other neighborhoods may not have, but the bottleneck in the story is the amount of available housing. Below is a snapshot of statistics for all of Metro Seattle, telling a similar story. The snapshot is taken from our 2017 Annual + Quarterly (Q4) Report.

What do you think?

Click to view the Puget Sound Business Journal article.

Posted on February 16, 2018 at 17:03
Brandon Sturgis | Category: 2017, Annual Report, OWN, Quarterly Report, Report | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Holiday Giving Tree to Benefit Mary’s Place

Holidays are a busy time! Amidst the bustle of wrapping gifts, making travel plans, and planning the perfect holiday meal, but Windermere Wall Street is going to help homeless women, children and families experience the joy of the season, too.


With our “Giving Tree” we will help give homeless moms, dads, grandparents and children the joy of giving and receiving by shopping for their families at the Mary’s Place Santa Store! We place tags with needed items on our office Christmas tree and our Brokers go and purchase these gifts. Then Mary’s Place uses these items to stock the shelves of the Santa Store with new toys for the children and grandchildren of homeless women and gifts for children to give to their parents.


In addition, Mary’s Place holds their Holly Jolly Party and gives every guest (all 3,000!) a gift card for a new pair of shoes.

If you are interested in donating an item for our Giving Tree, contact your Windermere Wall Street Broker or call our office at 206-448-6400 and we’ll get a Giving Tags to you.

Thanks to Mary’s Place, our Brokers and other generous people who participate, homeless women, parents and children will know the joy of the holidays!

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Posted on December 2, 2016 at 16:58
Brandon Sturgis | Category: LOVE | Tagged , , ,