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 permit activity decreased in 2014, with 120 permits issued for Downtown, compared to 385 in 2013. About 54,000 square feet of new commercial space was permitted in Overlake, which was about 40 percent of the total permitted citywide in 2014. Employment in Redmond's urban centers accounts for about 44.5 percent of total citywide employment as of 2013, down from 46.8 percent in 2012. Employment in Downtown decreased slightly, while employment in Overlake and citywide both experienced slight gains in 2013. In 2014 the City invested $32.2 million for capital improvements in its urban centers—about 68 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)
0.9
(2014)
1.0
(2030)
left-right arrow
Commercial 1.0
(2010)
1.0
(2014)
1.0
(2030)
left-right arrow
Centers investment (percent of budgeted capital funds expended) 67%
(2007)
68%
(2014)
N/A left-right arrow
Centers employment
Downtown employment 10,661
(2011)
10,272
(2013)
10,800
(2030)
down arrow
Overlake employment 26,215
(2011)
26,187
(2013)
36,350
(2030)
left-right arrow
Total centers employment 36,876
(2011)
36,459
(2012)
47,150
(2030)
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* Trend over three most recent data points.



Contact:
Jeff Churchill
425-556-2492

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