Looking over the Downtown Seattle Association's mid-year development guide, it can be hard to pick out which stat is most impressive. Whichever one you go with, no matter the sector, the numbers back up the fact that city development is booming.
Total Buildings: As of June, there are 65 buildings currently under construction in the Downtown region, which is “more than any time since tracking began in 2005.”
Residential Units: 708 units have been completed already in 2016 and 8,661 more are scheduled to be completed by 2017.
Office Space: Seattle has added nearly three million square feet of new office space in the last 18 months and an additional six million is currently under construction (Hi, Amazon).
Hotel Rooms: Between 2011 and the first half of 2016, Downtown added less than 700 hotel rooms. Between now and 2017, there will be 1,471 new rooms. By the end of 2018, there will be an additional 1,468.
From Denny Triangle to Belltown to South Lake Union, we’re seeing hotels sprout up at rates we haven’t seen in years. Not to mention the impending arrival of Ninth & Stewart and it’s 1,200+ hotel rooms.
If there’s a construction or development bubble coming, it sure hasn’t hit Seattle yet.