OF THE NORTHWEST
A LEADING AND STRONG BUSINESS ECONOMY The Pacific Northwest and most specifically King County (including the cities of Seattle and Bellevue) is broadly known as a center of innovation, technology and life sciences and home to numerous Fortune 500 companies. • VISION 2040 is a regional strategy for accommodating the 5 million residents expected to live in the central Puget Sound area comprising more than 3 million jobs • Between 2000 and 2040 the five metropolitan cities in Puget Sound are expected to manage 32% (550,000 people) of the expected population growth led by Seattle and Bellevue
• Seattle software engineers are 2nd highest paid in the nation • More than 31,000 job postings for technology jobs in August 2013 • Single-family home prices are up 12% in last 12 month
• Washington State #2 in startup jobs per Silicon Valley Bank
• Bidding wars on houses are the highest in 22 large markets in the US
• King County posted highest wage growth in US for Q3-2013
• Apartment development greatest in 25 years
• King County unemployment down to 5.6%
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BELLEVUE / EASTSIDE
• Headquarters for Amazon, Starbucks, Bill & Melinda Gates Foundation, Fred Hutchison Cancer Research Center, Nordstrom, REI and Russell Investments
• The City of Bellevue is the second largest city in Washington
• Approximately 200,000 jobs (more than 40% of all jobs in City of Seattle) • Population grew 24% since 2000 compared to 10% citywide • “Most Popular City in America” – Huffington Post, April 2012 • “Best City for Technology Jobs and STEM Jobs”– Forbes, May 2012 • “#6 Markets to Watch in US” – Urban Land Institute 2013 Top Five Cities for: 99 “Smartest Cities in North America”- Fast Company, December 2012 99 “Fastest Growing Cities in Nation” – Forbes, January 2013 99 “Strongest Economies in Nation” – Policom’s 2012 Economic Strength Rankings 99 “America’s Best Cities” – Businessweek, September 2012 • Home to $2B waterfront redevelopment and deep bore tunnel
• Bellevue ranked #12 of top 100 places to live in US • Home to 45 corporate headquarters including 9 of the 50 largest public companies in the region • #1 “City for Entrepreneurs in USA” – Forbes 2008 • #1 “Best Places to Live and Launch” – Fortune Small Business, April 2009 • “Washington’s Most Diverse City” – Seattle Times, October 2009 (one of three residents is foreign born) • “In Bellevue, Beverly Hills Meets its Match” – Puget Sound Business Journal, June 2009 • Downtown Bellevue is the premier retail shopping destination in the region with large malls and world-class retain brands. • It is estimated that 75% of Bellevue’s population and employment growth will occur in downtown Bellevue • According to Newsweek, all five of Bellevue’s public high schools rank in the top 100 of the nation (3 in the top 20)
Beautiful By Nature Nestled between the Olympic and Cascade mountain ranges along picturesque Puget Sound, King County is one of the best places to live in the world. • Moderate climate • Pristine natural environment • Immediate access to an abundance of cultural attractions • Outdoor recreation • Waterfront living
Downtown Seattle is a thriving metropolis with famous landmarks that include the Space Needle and Mount Rainier, which stands at more than 14,000 feet. • One of the most affluent cities in the US • Cost of living is comparatively more affordable • Reasonably priced housing • Renowned public schools • No state income taxes
Surrounded by Puget Sound to the west and Lake Washington to the east Seattle and its sister city Bellevue offer an abundance of waterfront living opportunities and world-class boating. Waterfront living on Puget Sound or upon the many lakes allow residents to transfer from their high-rise office on downtown Seattle or Bellevue to their private yacht in just 15 minutes.
The region has experienced significant immigration and foreign direct investment.
A Very High Standard of Living
• Asian residents are the fastest growing demographic
• Clean air
• Some cities on the Eastside have 30-percent to 50-percent of the Asian population
• International culture
• Rising demand has supported: • More Asian supermarkets • Bilingual communications in schools and businesses • A robust international culture • The International District in downtown Seattle is the largest China Town on the West Coast between Vancouver, BC and San Francisco, CA.
• Great quality of life • Numerous direct flights to Asia
A Rebounding Housing Market • A a median home price of about $450,000 in King County • Residents can choose from a broad mix of housing including highrise condominiums, waterfront estates, in-city houses, suburban acreage or equestrian ranches and even floating homes made famous by the movie Sleepless in Seattle. • In general homes are typically half the cost of Vancouver, BC (2.5 hours drive to the north) and a third less than San Francisco, CA (12 hours drive to the south). • The cities of Seattle and Bellevue offers the most affordable housing on the West Coast when comparing household incomes to property values with median home home prices rising 12.8% in the last year.
Rich in Culture • The Seattle/Bellevue metro area boasts more cultural attractions per capita than any other city in the US • Renowned art museums • A world-class symphony and ballet • Numerous live theaters, concert halls and entertainment venues • The region is also famous for its myriad of award-winning restaurants, perhaps best known for fresh seafoods and Washington State wines. • One of the most productive wine regions in the US is located just three hours east of Seattle on the other side of the Cascade Mountain Range producing famous wines such as Leonetti and Quilceda Creek.
A comfortable year round climate with surprisingly less precipitation than Boston, Chicago or even Miami means it rarely snows on the mainland in the winter and summers are often mild warm and dry. • Lake Washington and Lake Union provides fresh water moorage for private yachts • A series of canals and locks provide direct access to the Puget Sound and Pacific Ocean for weekend trips to the many destinations in the San Juan Island chain • Residents enjoy being just a short flight to popular golf destinations in the southern states or famous ski resorts in the Rocky Mountains. • Direct flights to Beijing, Shanghai, Taipei, Tokyo and other Pacific Rim destinations have made the region popular for business interests or for foreign students studying abroad.
Nationally Top Ranked Schools • The region is very desirable for its public schools and universities • The University of Washington ranked #16 on the Academic Ranking of World Universities 2013. Foreign born students comprise 20 percent of the freshman class each year with approximately half of these students being from China. • In the U.S. News Best High Schools 2013 rankings, there are 10 Washington schools with gold medals, 45 with silver medals and 67 with bronze medals. • The most popular cities for public schools are on the Eastside of Seattle in Bellevue, Clyde Hill, Medina, Mercer Island, Newcastle, Issaquah, Lake Sammamish as follows:
99 #1 International School - BELLEVUE, WA 99 #2 International Community School - KIRKLAND, WA 99 #3 Newport High School - BELLEVUE, WA 99 #4 Bellevue High School - BELLEVUE, WA 99 #6 Aviation High School - SEATTLE, WA 99 #7 Bainbridge High School - BAINBRIDGE ISLAND, WA 99 #8 Interlake High School - BELLEVUE, WA 99 #9 Garfield High School - SEATTLE, WA
fortune 500 The Seattle/Bellevue/Everett metro area is home to numerous Fortune 500 companies headquartered in the region...
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