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There are few places in the United States with as much commercial real estate potential as Seattle, Washington. Located in the northwestern corner of the United States, Seattle is the heartbeat of the Pacific Northwest. The region is one of the leading economic and cultural centres in the country and one of the most popular destinations for tourists.
As families and career-driven individuals move to the Seattle region, there are unique opportunities for commercial real estate investors in Seattle.
As the city and surrounding suburbs continue to grow and expand, commercial properties are in high demand. The Seattle commercial real estate market is one of the more exciting markets for investors to get involved in because of the area’s expansive demographic and geographic growth.
Whether you are looking to invest in Seattle commercial real estate for the long-term or you are just getting your feet wet in this new market, there are countless opportunities for investment to be found in Seattle.
At Josh and Jolene Baijot Den Finder Real Estate, we are committed to providing you with insight into some of the most popular and high-value investment options for Seattle commercial properties.
Situated on the eastern shore of Puget Sound, Seattle is approximately 90 miles east of the Pacific coast and 113 miles south of the U.S.-Canadian border (49th Parallel). Seattle is located in King County and boasts a population of 730,400 as of recent city estimates.
Seattle is the principal city of the Seattle-Tacoma-Bellevue Metropolitan Statistical Area, which includes Seattle and Tacoma. In addition to these two cities, there are nearly 20 other incorporated places in this area. The MSA contains parts of Kitsap County and Pierce County, and King County, which encompasses the City of Seattle.
Seattle is located at the south end of Puget Sound, which was a well-known hub for trade with Native Americans as early as the 17th century. Seattle became world-famous as a result of the Klondike Gold Rush in 1897, when it served as a staging area for those hoping to make their fortunes in Alaska.
The city and surrounding communities were greatly affected by the military during World War II when it served as a training and support center for U.S. naval forces and subsequently became home to several major shipbuilding companies.
Seattle boasts many high-power industries and employers, such as:
- The Boeing Company
- Washington State University
- Costo Wholesale
- The City of Seattle Government
Seattle’s economy is driven by trade, technology companies (including software development), non-profit organizations, services (especially tourism and transportation), and health care (including biotechnology). This variety has led to Seattle becoming an incredibly lucrative commercial real estate location for investors.
Although the cost of living in Seattle is among the highest in the nation, there are a large number of jobs available in technology fields, including software development, Internet services management, telecommunications, game design, and engineering.
There are also a large number of non-profit organizations located throughout King County as well as in Seattle, providing a wide range of both employment and volunteering opportunities.
In September 2010, “Forbes” magazine ranked Seattle first on its list of “America’s Best-Run Cities.” The article cited the city’s income taxes (trailing only Omaha, Nebraska), sales taxes (trailing only New York City), low utility costs, lack of debt and declared the Seattle region’s economy as “robust.”
Seattle has a magnificent blend of both old and new infrastructural amenities that are available for commercial success ventures. Annually, more than 19 million people visit Seattle to admire its array of cultural attractions and commercial success ventures.
The city of Seattle offers an array of resources for commercial real estate investments. Some options include government grants and tax credits along with a highly educated labor force that’s ready to expand both local and global business.
There are many different options for commercial success ventures when investing here in Seattle. Some of the most popular investment cities include office buildings, hotels, multi-family housing, and shopping centers. Across the area, properties are in high demand due to the close proximity to the downtown area of Seattle.
Life In Seattle
As the largest city and region in Washinton state, Seattle and the surrounding area are some of the most popular locations for living and doing business. The city is tucked in between the beautiful Cascade Mountain range as well as Puget Sound.
The city of Seattle has 31 distinct neighborhoods to choose from, providing its residents with a unique flavor and feel. Whether it’s dining, shopping, or entertainment, the city is sure to offer a wide range of consumer choices as well as housing options for those wanting to relocate their business in the area.
Among the city’s many annual cultural events are the Northwest Folklife over Memorial Day weekend, The Bite of Seattle in July, and numerous music festivals all around town during the summer months. Several dozen significant music-focused events take place yearly, and many smaller venues have regular performance schedules.
The city also offers a wide range of recreational activities such as bicycling, boating, and much more. Seattle has many opportunities for vacationers that include numerous hotels, restaurants, and memorable attractions such as Pike Place Market.
With so many commercial success ventures available in Seattle, there is no question why it’s one of America’s fastest-growing cities today. Whether you’re planning to visit or invest in Seattle commercial real estate, there’s a lot to love about this vibrant city.
Are you interested in commercial real estate in Seattle? The region offers a vast range of options for your business. From large office buildings to hotels, shopping centers, and much more, the Seattle area will indeed have what you’re looking for.
Contact Josh and Jolene Baijot today to find the perfect commercial property for your future Seattle, WA investment!