In the City of SeaTac, where “everywhere’s possible,” opportunities abound for prospective businesses and potential developers alike.
SeaTac is proactively promoting mixed-use development opportunities in the areas surrounding the current and future light rail stations. Transit stations at 176th Street and 154th Street began service of the Sound Transit’s “Link” light rail in 2009 and serve as catalysts for adjacent redevelopment. A third station at South 200th Street will begin operation in 2016 with connectivity to the University of Washington.
Transit oriented development in these areas will include an energetic mix of multi-family residential, offices, retail, hospitality, passenger airline, air cargo, food services, entertainment venues and hotels. Each day tens of thousands of visitors, nearly 40,000 workers and nearly 28,000 residents join to make SeaTac one of the state’s most culturally diverse cities. There are also numerous large parcels available for light industry needing access to multiple transportation networks.
Businesses in the City of SeaTac are located at the crossroads of regional transportation and the center of regional hospitality. SeaTac is readily accessible by I-5 and WA-509, SR-99 and I-405. More than 5,400 guest rooms provide a constant stream of visitors that expands the market for local businesses. Located within the City, Sea-Tac International Airport is an economic driver and a stimulus for private sector growth. The airport serves over 32 million passengers annually—the 15th busiest in the country—and transports over 280 metric tons of cargo which ranks as the 18th busiest.
Currently, the City of SeaTac is home to approximately 2,000 businesses, about 70 of which are “Fortune 1000” companies. These businesses employ nearly 40,000 employees in SeaTac and generate an annual gross income of approximately $3.8 billion.
Developers and businesses can also be assured of a growth-friendly local government that offers the personal touch of a smaller city along with a breadth and depth of necessary expertise to make projects happen. Couple this with the fact that the City of SeaTac has no local business and occupation tax, no city utility taxes, and no per-employee tax, and you are left with an environment in which a business can thrive.
Total Population = 28,251
Median Household Income as of 2013 = $48,828
Major Employers: Alaska Airlines, Inc., Northwest Airlines, The Boeing Co., Horizon Air, Port of Seattle, United Airlines, HMS Host, Doubletree Hotel, US Postal Service
(Source: City of SeaTac)
Single family = 5,199
Multi-family = 4,671
Total = 9,870