Burien’s affordable real estate allows businesses to get more space
for their dollar, while still maintaining a regional hub location for
manufacturing and distribution, and a walkable urban core that attracts
talented employees. This rare opportunity has created a fertile ground
for entrepreneurs and locals starting up their first business, or
existing businesses looking for room to grow.
Big city location, without the sticker shock
As
Seattle real estate prices continue to put pressure on Seattle
businesses and residents, a few minutes’ drive south to Burien offers
respite from the sky-high real estate costs without compromising easy
access to the Seattle market. An increasing number of well-known Seattle
businesses have discovered this, relocating or opening new locations in
Burien to increase their footprint or experiment with fresh ideas and
innovative concepts. With commercial real estate and median home sale
prices that are less than half what you will find in neighboring
Seattle, Burien offers big-city accessibility, without the big-city
price tag.
| |
Burien
|
Seattle
|
Bellevue
|
Tukwila
|
| Retail lease rates |
$12 per sq ft |
$31.30 per sq ft |
$35.01 per sq ft |
$15.62 per sq ft |
| Office lease rates |
$18.65 per sq ft |
$47.13 per sq ft |
$34.85 per sq ft |
$22.41 per sq ft |
| Retail space sales price |
$173 per sq ft |
$351 per sq ft |
$545 per sq ft |
$216 per sq ft |
| Office space sales price |
$129 per sq ft |
$529 per sq ft |
$381 per sq ft |
$131 per sq ft |
A close-by city with room for life
As
the Seattle workforce is priced out of the city, Burien is seeing a
diverse group of tech workers, entrepreneurs, and millennials move to
Burien. This energetic mix has given Burien’s downtown what Sunset
Magazine recently called a ‘decidedly Brooklyn bent,’ and makes Burien a
highly sought-after location for home buyers. While median home values
are rising, an investment in Burien still affords more home, more land,
more room for life, and less taxes.
Seattle Median Home Sales Price: $674, 619
Burien Median Home Sales Price: $409,962
Statistics According to Zillow.com, September 2017
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