Business Attraction & Retention

This emerging market provides new businesses a strategic location for accessibility, affordability and high daytime traffic. The 1-mile corridor supports over 150 small businesses. MLK Jr. Way is a main thoroughfare for auto commuters, and the Othello Light Rail Station enjoys the highest ridership in all of Southeast Seattle, and ranks 5th of all 13 stops between SeaTac Airport and Downtown Seattle. 98118’s rich global immigrant history also offers your employees and customers wide array of rich cultural dining and shopping experiences from all over the world.


Priorities for Business Attraction and Retention

  • Creates opportune employment for the local community
  •  Meets the retail gaps in Othello trade area
    Health/Wellness/Fitness
    General Merchandise Store
    Boutique Retailers and shops
    Grocery/Food Services
    Boutique Restaurants
  • Meets the community’s industry growth opportunities
    Office space
    Medical services
    Food innovation
    Light manufacturing
    Green innovation
    High Tech
  • Serves a wider cultural customer base
  • Provides public gathering, meeting and leisure space
  • Provides community with wider dining/shopping/gathering options after 5PM


Othello by the numbers


98118
0
Population
Past 5 Year
0%
Pop. Growth
Density
0
People Sq/Mi
Avg. Household
$0
Income



Median HH
$0
Income
Average
0%
Income Growth
Total
0
Jobs
Total
0
Households



Average
0
Household Size
Household
0%
Growth
Access to I-5
0mi.
5 Min. Drive
Access to I-90
0mi.
1o Min. Drive



Traffic Flow
0
MLK cars/day
Traffic Flow
0
Othello cars/day
Traffic Flow
0
Graham cars/day
New Retail Space
0
sq ft in 2016-17

Trade Area Highlights

  •  Othello is home to high concentrations of residents between ages 19-35 and those over 75 years old – key demographics for retailers.
  •  30% of households in the Othello area make $60-125K a year. Another 15% make over $125K.


Top 5 Retail Needs

  •  Health/Wellness/Fitness
  •  General Merchandise Store
  •  Boutique Retailers and shops
  •  Grocery/Food Services
  •  Boutique Restaurants


Key Target Sectors

  •  Food
  • Medical
  •  Office Space
  •  Light Manufacturing
  •  Green & Advanced Technology


Housing

  •  Over 1,000 new residential units are currently planned for development by summer 2015.
  • More than 35,000 sq ft of new retail space is planned for 2016-2017.