Open for Business

The Downtown Seattle Association supports retail recruitment and advocacy with the goal of increasing independent retailers downtown and achieving a unique merchandise mix. We are a respected resource for data, information and trends on the numbers behind downtown’s retail marketplace.

Downtown currently has 10.2 million square feet of retail
space, with 513,000 more under construction. With rents increasing 4% year over year, retail demand is strong downtown. Even as the total retail space inventory decreased slightly over the past decade, the total square feet occupied has increased. This led to vacancy rates falling from a high of 5.7% in 2009 to a low of 1.6% at the end of 2019.

If you are interested in relocating or starting a business, we can help. Contact Jacqueline Gruber at jacquelineg@downtownseattle.org.

Retail Statistics

Notes on data sources for this page:

Retail real estate market data was provided by CoStar.com.

Retail sales numbers for cities are from the Washington State Department of Revenue. Since sales are only reported at the city level, downtown sales were estimated based on the number of employees in downtown brick and mortar stores using employment data provided by Puget Sound Regional Council. 

Data last updated February 2020

If you have questions about our research, contact Elliott Krivenko:

Phone: 206-613-3255
Email: elliottk@downtownseattle.org