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Seattle net millennial migration highest in country/998/seattle-bellevue-6-18-18-net-millennial-migration<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/man-walking-bike-park.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/998/seattle-bellevue-6-18-18-net-millennial-migrationSeattle net millennial migration highest in countryWashington State saw the largest net migration of millennials in 2017, adding 39,590 more millennials than were lost.
Average price per square foot for industrial sales sees significant growth over the past five years/971/seattle-bellevue-6-4-18-industrial-sales-ppsf<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/industrial-warehouse-loading-interior.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/971/seattle-bellevue-6-4-18-industrial-sales-ppsfAverage price per square foot for industrial sales sees significant growth over the past five yearsThe average price per square foot of industrial sales in the Seattle-Bellevue market has risen significantly since 2014, with average pricing increasing over 50 percent.
MHA expanding, exchanging upzones for contribution to low income housing/942/seattle-bellevue-5-21-18-mha-expanding<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/residential-multifamily-apartments.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/942/seattle-bellevue-5-21-18-mha-expandingMHA expanding, exchanging upzones for contribution to low income housingSeattle’s Mandatory Housing Affordability (MHA) program is expanding to include most commercial, residential, and live-work developments by Q3 2018.
Seattle could become the first U.S. city to implement congestion pricing/894/seattle-bellevue-4-30-18-first-to-implement-congestion-pricing<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/traffic-cars-parking-lot-transportation.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/894/seattle-bellevue-4-30-18-first-to-implement-congestion-pricingSeattle could become the first U.S. city to implement congestion pricingAccording to traffic analytics tracked by INRIX, Seattle was 9th for worst traffic congestion in America in 2017, with drivers spending an average of 55 hours each in peak hour traffic during 2017 at a per driver cost of $1,853.
Proposed Seattle headcount tax looks to increase funds for affordable housing /878/seattle-4-21-18-headcount-tax-impact<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/residential-close-up-red-door-with-lock.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/878/seattle-4-21-18-headcount-tax-impactProposed Seattle headcount tax looks to increase funds for affordable housing Seattle City Council has drafted legislation that would adopt “head-tax” on large employers (earning over $20M) in efforts to raise funds for low income housing and address issues of widespread homelessness in Seattle.
Office sectors continue to exhibit strong job growth/842/seattle-bellevue-4-9-18-strong-office-job-growth<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/banking-tax-people.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/842/seattle-bellevue-4-9-18-strong-office-job-growthOffice sectors continue to exhibit strong job growthRecently released figures from the Washington Employment Security Department showed that the Seattle metro ended Q1 2018 with an unemployment rate of 3.9 percent and an annualized job-growth rate of 3.2 percent.