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SummarySeattle-Tacoma-Bellevue metro area also referred to as Seattle metropolitan area (SMA) spreads over King County, Snohomish County, and Pierce County in the US. The area’s accounts for 1.7% of the national GDP. Rapid growth in the industry and tertiary sectors and improvements in professional / business services and real estate are expected to be major drivers of growth.Synopsis“City Profile - Seattle” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Seattle. The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.Scope-The Industry and service sectors remain the key contributor to the regional economy - and the major employers. - Seattle is one of the key tourist destinations for both domestic and international tourists and witnessed a significant growth. Strong performance is observed in the construction sector with increasing employment, number of building permits issued and building completions.Reasons to buy- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.- Analyze and understand the business environment in the city to align your investment and expansion strategies. - The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
Table of ContentsCity Snapshot 2PEST Analysis 6Political 6Economic 7Social 16Technology and Infrastructure 21Communications 21Internal Transport Networks 21Connectivity 22Airports 24Business Environment Analysis 26Travel and Tourism 28Tourism Flows 28Hotels 28Attractions 29Events 29Construction and Real Estate 30Investment 30Real Estate Market 31Retail 33Retail Market 33Consumption, Income and Prices 34Appendix 35Sources 35Further Reading 35Ask the analyst 35About MarketLine 35Disclaimer 35List of TablesTable 1: Seattle metropolitan area - key facts (estimates),2016 2Table 2: Seattle metropolitan area - real GDP growth, 2000-25 9Table 3: Seattle metropolitan area - economic growth comparison, (Index 2010=100), 2000-25 11Table 4: Seattle metropolitan area - GDP per capita comparison, 2000-25 13Table 5: Seattle metropolitan area - employment structure, 2000-25 (% of total) 15Table 6: Seattle metropolitan area - main universities, 2017 16Table 7: Seattle metropolitan area - population comparison, 2000-25 18Table 8: Seattle metropolitan area - population by age, 2000-25 (% of total) 20Table 9: Seattle metropolitan area - annual metro ridership (2012-16) 22Table 10: Seattle King County metro transit (2012-16) 22Table 11: Seattle Port statistics, 2016 22Table 12: Seattle Port - Cruise statistics, 2014-17 23Table 13: Sea-Tac Airport - key airport indicators 24Table 14: Seattle city - Fortune 500 Companies with main HQ in the city 26Table 15: Seattle city - office rents, Q2 2017 26Table 16:Seattle city - MICE and Other Events 28Table 17: Seattle city- existing properties and absorption, Q2 2017 31List of FiguresFigure 1: Seattle metropolitan area - real GDP growth, 2000-25 8Figure 2: Seattle metropolitan area - economic growth comparison, (Index 2010=100), 2000-25 10Figure 3: Seattle metropolitan area - GDP per capita comparison, 2000-25 12Figure 4: Seattle metropolitan area - employment structure, 2000-25 (% of total) 14Figure 5: Seattle metropolitan area - population comparison, 2000-25 17Figure 6: Seattle metropolitan area - population by age, 2000-25 (% of total) 19