Market data

In just 40 years, we've witnessed a rapid and remarkable transformation in our downtown, the result of thoughtful planning, a shared vision and strong civic participation.


Growth and evolution of Downtown Bellevue by the numbers

The center of the Puget Sound region

Bellevue continues to grow, even when the national economy and some sectors retracted. This is due in part to overall regional growth fueled by entrepreneurs, technological innovation, and international trade. This continuing growth underscores Bellevue’s central location, in terms of employment, income, population, and the transportation system

Bellevue is:

  • Centrally located geographically in the Puget Sound region, and it is the center of what is called "the Eastside.”
  • The transportation center in the region where major east-west and north-south transportation corridors intersect. This makes Bellevue an employment center for sectors such as technology, bio medical sciences, legal, banking, venture capital, trade, architecture, engineering, and real estate development.
  • Just minutes (17 miles on I-405) from Seattle-Tacoma International Airport.
  • Internationally, the Bellevue-Seattle area is equidistant from London and Beijing (with daily direct flights to both). It is closer to Japan, Korea and China than any other city on the West Coast.  And, after Washington DC and NYC, it is 3rd in the USA in number of foreign embassies.  This makes Bellevue a center for international trade


Solid expansion in quality jobs

City of Bellevue Historic Job Growth and Future Projections

 

1970

1980

1990

2000

2010

2030*

City of Bellevue

21,000

42,000

89,910

133,526

130,249

177,300

Downtown

5,372

10,609

22,257

34,042

43,339

70,300

*Please note these 2030 projections exclude construction and resource jobs due to their mobile nature. Construction and resource jobs would represent just over seven percent of total jobs citywide.

  • Downtown has 410 acres
  • 10.6% 4Q 2012 downtown office vacancy rate (CBRE)
  • 61,400 downtown’s average “daytime population”
  • 1,150 buses coming into Bellevue Transit Center each weekday


Sources: City of Bellevue and The Bellevue Washington Advantage by Bellevue Economic Partnership