Development and Investment

In conjunction with the State of Downtown, DSA publishes a development guide each year to summarize investment and construction activity taking place downtown. These statistics convey optimism and confidence in the future of the downtown economy.

Since 2010, more than 28,000 new apartment units, 4,200 hotel rooms and 17.5 million square feet of office space have been built downtown. And the center city continues to grow. Within downtown, current development activity represents more than 54% of the residential units and 64% of new office square footage under construction in Seattle. Looking forward, projects being proposed show continued optimism for downtown Seattle’s office, hospitality and residential markets, including more than 14,000 residential units, 1,600 hotel rooms and 5.3 million square feet of proposed office space.

Permit Applications for New Buildings
Downtown Seattle

Source: data.seattle.gov

Downtown Development Snapshot

As of December 2021, 44 projects were in final planning or under construction, including:

8341residential units

1148hotel rooms

1.1Msquare feet of office space

 

Proposed Projects
2022–2024

14191residential units

1683hotel rooms

4.6Msquare feet of office space

 

Sources: data.seattle.gov and CoStar

 

View the most up-to-date listings.

1,169 units of affordable housing are under construction downtown, more than 35% of Seattle’s total affordable housing construction inventory.