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- 2 Pacific Place W H E R E S E AT T L E COMES TO LIFE TO COMES - 2 Pacific Place WHY SEATTLE? Pacific Place UNIVERSITY VILLAGE Number of cranes Top expansion market for Bay Area tech companies - 3 Population growth of 20-somethings Multifamily construction spending per capita BELLEVUE SQUARE #1 IN THE US Percentage of the population with a college degree PACIFIC PLACE #4 #4 #8 #9 IN THE US IN THE US IN THE US IN THE US Wealthy millennial GDP per capita for total passenger traffic Wealthiest city households at Seatac Airport #15 2x 38 16% IN THE US NATIONAL AVERAGE MILLION VISITOR SPENDING Largest population with Projected population Visitors to Seattle From international AIRPORT 3,798,902 residents growth by 2023 each year tourism each year A CITY ON THE Pacific Place RISE IT’S ALL HAPPENING DOWNTOWN - 4 Entertainment Residential Office Retail Hotel 1 Bill & Melinda Gates Foundation 2 Apple 3 Facebook (Arbor Blocks) 4 Google Corporate 5 Amazon Campus 6 Amazon World HQ & Spheres 7 Light Rail Westlake Station 8 Pike Place Market 9 Seattle Art Museum 10 Benaroya Hall 11 The 5th Avenue Theatre 12 Washington State Convention Center 13 Paramount Theatre DEMOGRAPHICS Pacific Place POPULATION 1 Mile AVERAGE HOUSEHOLD INCOME 1 Mile In 2018, Seattle ranked #1 in the US for 3 Miles In 2018, Seattle ranked #1 in the US for expansion markets 3 Miles multifamily construction spending per capita Metro Area for Bay Area tech companies Metro Area $200k PACIFIC PLACE $194,014 $184,707 UNIVERSITY VILLAGE - 5 $165,759 $150k BELLEVUE SQUARE $143,477 $130,596 $128,823 $118,413 PIONEER PLACE $118,413 $118,413 $108,723 $108,723 $108,013 $106,780 $103,315 $101,885 $100,785 $100k $99,905 $95,131 CHERRY CREEK $96,092 $91,683 $82,425 $78,466 $76,171 CITY CREEK $67,128 $50k GALLERIA EDINA DENVER PAVILIONS 0 University Bellevue Pioneer Place Cherry Creek City Creek Galleria Denver 0 50k 100k 150k 200k 250k 300k 1MM 1.5MM 2MM 2.5MM 3MM 3.5MM 4MM Pacific Place Village Square Edina Pavilions POPULATION MILLENNIALS (20 TO 39) AVG HOUSEHOLD INCOME EMPLOYEES CENTER 1 MILE 3 MILES MSA 1 MILE 3 MILES MSA 1 MILE 3 MILES MSA 1 MILE 3 MILES MSA Pacific Place (Seattle, WA) 84,194 242,973 4.0MM 42.7% 40.4% 30.5% $103,315 $128,823 $118,413 189,299 325,147 1.7MM University Village (Seattle, WA) 40,015 208,202 4.0MM 47.5% 40.8% 30.5% $95,131 $143,477 $118,413 17,518 105,954 1.7MM Bellevue Square (Bellevue, WA) 25,431 84,372 4.0MM 33.5% 30.5% 30.5% $165,759 $184,707 $118,413 51,580 100,316 1.7MM Pioneer Place (Portland, OR) 38,461 189,653 2.5MM 40.5% 37.3% 28.7% $78,466 $108,013 $100,785 109,397 280,759 1.1MM Cherry Creek (Denver, CO) 18,446 225,016 2.9MM 31.8% 42.4% 30.1% $194,014 $96,092 $108,723 23,935 225,344 1.4MM City Creek (Salt Lake City, UT) 25,299 136,589 1.2MM 36.0% 36.6% 31.0% $67,128 $82,425 $99,905 65,667 145,647 615,615 Galleria Edina (Edina, MN) 18,423 111,516 3.7MM 30.1% 26.8% 27.7% $101,885 $130,596 $106,780 27,496 113,547 2.1MM Denver Pavilions (Denver, CO) 43,457 238,914 2.9 MM 46.8% 41.9% 30.1% $76,171 $91,683 $108,723 127,754 253,841 1.4 MM SEATTLE WORKPLACES 300,000 jobs are located Downtown—approximately 30 Pacific Place jobs per day were added from 2010 through 2018 MAJOR EMPLOYERS 71MM square feet of office space Downtown represents 79% of the total office inventory in Seattle - 6 69,000+ TECH WORKERS 4 companies within 1 mile: Amazon, Facebook, Google, Apple NEARLY 13MM square feet of office was added to Downtown Seattle since 2010 to support the 39% increase in jobs OFFICE OCCUPANCY PERCENT OF ALL CENTRAL BUSINESS DISTRICT OFFICE CONSTRUCTION Compared to peer U.S. cities in the U.S. by city in 2017 San Francisco 93% Seattle 90% Nashville 89% Austin 89% 20.4% Portland 88% SEATTLE Boston 86% 48.3% Denver 85% ALL OTHER Los Angeles 85% CITIES 19.9% Atlanta 81% CHICAGO Phoenix 80% Houston 76% 11.4% WASHINGTON, DC 50% 60% 70% 80% 90% 100% Pacific Place A $1.6 BILLION ADDITION TO THE WASHINGTON STATE CONVENTION CENTER WILL OPEN IN Q1 2022, DOUBLING ITS SIZE AND POTENTIAL - 7 CONVENTION CENTER ATTENDANCE 420k 422k 420k 404k 400k 400k 380k 380k 383k 300k 200k 100k 0 2011 2012 2013 2014 2015 2016 2017 2018 Washington State Convention Center Expansion Project ©LMN2017 RESIDENTIAL 82,000 residents (more than one in ten Seattleites) Pacific Place call Downtown home 38% INCREASE in Downtown Seattle MEDIAN RENTS compared to peer U.S. cities RESIDENTIAL UNITS by scheduled completion date population since 2010 17,454 18k RANKED #1 in the U.S in San Francisco $4,550 2018 for greatest population - 8 growth for 20-somethings by Los Angeles $3,595 CBRE and for the highest net Boston $2,700 millennial migration by JLL Seattle $2,600 Denver $2,095 10k 3,780 new residential units Portland $1,995 were completed in 2018 Atlanta $1,725 Austin $1,695 5,677 33,000 more housing units Nashville $1,675 are planned for Downtown 3,292 3,600 5,617 Houston $1,550 2,446 3,780 3,535 Phoenix $1,397 1,875 MORE THAN 54,000 2,199 HOUSEHOLDS in $0 $1k $2k $3k $4k $5k 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Downtown Seattle, and eight out of ten are renters RANKED #1 in the U.S. in 2018 for multifamily construction spending per capita TOURISM Pacific Place DOWNTOWN HOTEL OCCUPANCY THE 2019 EMERALD CITY EXPERIENCE Upon recent completion of the Hyatt Regency, the largest hotel in the Pacific Since 2010, Downtown Seattle has seen a 63% increase in sales Northwest, Downtown Seattle now has 16,000 hotel rooms and 2,00 Airbnb listings for entertainment, food, recreation, sports, and arts. 100% 92.2% - 9 91.6% 89.8% 87.8% 85.9% 84.8% 83.7% 80% 73.5% 73.2% 58.6% 58.4% 15 MILLION 8.6 MILLION $1.6 BILLION 60% visitors to museum and in entertainment Pike Place Market performance attendees industry retail sales 40% Seattle Boston Portland SF Denver Nashville LA Atlanta Austin Phoenix Houston CRUISE SHIP PASSENGER BOARDINGS Cruise ship passengers disembark from Pier 66 3.6 MILLION 3.5 MILLION 1.1 MILLION and Pier 91, 1 mile away hotel room sports fans cruise passengers nights booked board or disembark 1.2MM at Piers 66 & 91 1,071,594 1,100,600 983,539 1MM 898,032 823,780 800k 600k 400k 200k 0 2014 2015 2016 2017 2018 Convention Center Convention Expansion Center Expansion I-5 Light Rail Construction Site Paramount Theatre DOWNTOWN 9TH AVE SEATTLE Pacific Place Hyatt Regency Tower @ 801 Washington State Convention & Trade Center RETAIL 8TH AVE Credit Union STEWART ST OLIVE WAY Olive 8 Paramount Hyatt Hotel Ruth’s Mr. West Hotel and Condos Chris Steakhouse VIRGINIA ST 1700 7th - 10 Office Towers 1600 7th Grand Hyatt Club I-5 blue Office Tower Timbuk2 Hotel Monaco United States acre Despite being less than 6% of District Courthouse 7TH AVE Seattle’s land mass, Downtown Hotel Game UNION ST Two Seattle is home to 1/3 OF PINE ST Zane+Wylie’s Theodore Works PIKE ST Union BRICK-AND-MORTAR The Seattle Square Sheraton Hotel Tower Bldg. One RETAIL SALES and WESTLAKE AVE Union Park Place Do The Square Building nearly 1/2 of leisure spending Extraordinary (including dining) Plaza Lloyd Bldg. 600 6TH AVE Bldg. $1.6B in brick-and-mortar Mario’s Washington Seattle Athletic North Hilton retail sales Downtown in 2018 Bank of Club America Face UNIVERSITY ST U.S. Bank Centre MORE THAN A MILLION Brooks 5th Ave IBM Plaza Brothers Theater square feet of retail leases were Westin Hotel signed in the past five years Westin 5TH AVE Bldg. 6th & Times Square Times Lenora Bldg. Bldg. Rainer Square Fairmont Westlake Center Motif Hotel Hotel Redevelopment Office Tower, Mayflower Hotel and Retail Park Hotel Centennial Bldg. 4TH AVE Roche Bobois Hotel UW Store Andra The Warwick Hotel Bed Bath Doc Ross Dress & Beyond Marten’s For Less Capital Grill Securities Bldg. 3RD AVE Triple Door Seattle Symphony Mountain Hardwear MODERN DESIGN FIVE LEVELS MARRIES WITH NATURAL ELEMENTS OF FASHION, TO CREATE A Pacific Place CONTEMPORARY FLAVOR & URBAN RETAIL AND DINING FASCINATION ENVIRONMENT - 11 1,200 PARKING SPACES DEDICATED SOCIAL MEDIA & MARKETING TEAM 24HR SECURITY VALET COVERED RIDESHARE DROP OFF CONCIERGE 339,000 SQUARE FEET & five levels of shopping span an entire Downtown city block DRAMATIC NEW ENTRANCE opens up to Seattle’s tech neighborhoods LIGHT-FILLED ATRIUM PINE ST. | STREET LEVEL and transformed interiors OLIVE WAY | STREET LEVEL energize gathering spaces & connect the outdoors to The Great Indoors CONCOURSE before PACIFIC PLACE’S EIGHT FIGURE RENOVATION after - 13 Pacific Place - 14 Pacific Place - 15 Pacific Place Pacific Place PACIFICPLACESEATTLE.COM FOLLOW US ON INSTAGRAM: @PACIFIC_PLACE - 16 FOR LEASING INFORMATION ROSS PEYTON [email protected] RICH JOHNSON [email protected] DANIEL LEWIS [email protected] LIZ MCLAY [email protected].
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