Centers
Goal: Support vibrant concentrations of retail, office, service, residential, and recreational activity in Downtown and Overlake.           
left-right arrow No apparent overall positive or negative trend.

Downtown and Overlake Vitality. Residential permits continued to be active in 2013 with 385 new permits for Downtown. About 356,000 square feet of new commercial space was permitted in Overlake – 93 percent of the citywide total. Employment in Redmond’s urban centers accounts for about 47 percent of total citywide employment, unchanged from 2011. Employment in Downtown, Overlake and citywide decreased slightly in 2012 compared to 2011. In 2011 the City invested $18.3 million in the urban centers – about 62 percent of what was expected based on budget documents.

Baseline Observed Objective Trend*
Growth in centers (ratio of achieved to expected)
Residential 1.0
(2010)
1.0
(2013)
1.0
(2030)
left-right arrow
Commercial 1.0
(2010)
1.0
(2013)
1.0
(2030)
left-right arrow
Centers investment (percent of budgeted capital funds expended) 67%
(2007)
62%
(2013)
N/A left-right arrow
Centers employment
Downtown employment 10,661
(2011)
10,374
(2012)
10,800
(2030)
N/A
Overlake employment 26,215
(2011)
25,980
(2012)
36,350
(2030)
N/A
Total centers employment 36,876
(2011)
36,354
(2012)
47,150
(2030)
N/A
* Trend over three most recent data points.



Contact:
Jeff Churchill
425-556-2492

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