Sequim, Washington Commercial Real Estate 10 Listings

Sequim, Washington: A Premier Destination for Commercial Real Estate

Introduction

Nestled on the picturesque Olympic Peninsula, Sequim, Washington, offers unique opportunities for commercial real estate (CRE) investors. With its growing economy and strategic location, Sequim is becoming an increasingly attractive destination for businesses. The city boasts a diverse economy, with major industry clusters in agriculture, healthcare, and tourism. Its unique positioning near the Strait of Juan de Fuca provides a strategic advantage for commercial real estate development.

Economic and Industry Overview

Sequim’s economy is diverse and growing, driven by major industries such as:

Agriculture: Known as the "Lavender Capital of North America," Sequim's agriculture industry is thriving, boosting demand for retail and logistics spaces.
Healthcare: The presence of advanced medical facilities increases the need for medical office buildings and related commercial properties.
Tourism: With its natural beauty and recreational opportunities, tourism bolsters the hospitality and retail sectors.

Regional economic development initiatives, spearheaded by the Clallam County Economic Development Council, are actively promoting growth in these sectors, creating robust demand for various commercial property types.

Strategic Location and Transportation Infrastructure

Sequim is strategically located with access to key transportation networks:

Highways: US Route 101 runs through Sequim, providing direct connections to other parts of the Olympic Peninsula and the greater Seattle area.
Ports: Proximity to the Port Angeles Harbor enhances distribution capabilities for industrial properties.
Airports: The nearby William R. Fairchild International Airport facilitates business travel, while Seattle-Tacoma International Airport is accessible for long-haul flights.

These logistical advantages make Sequim an ideal location for businesses seeking access to regional and international markets. Explore more about transportation infrastructure through the Washington State Department of Transportation.

Commercial Real Estate Inventory & Zoning

Sequim offers a variety of CRE submarkets, including:

Central Business District (CBD): Featuring retail and office spaces with potential mixed-use developments.
Industrial Corridors: Along US Route 101, ideal for manufacturing and distribution centers.
Innovation Districts: Emerging areas supporting tech and research facilities.

Recent zoning changes and incentives for developers are detailed in the City of Sequim Zoning Maps. Notable overlays and incentive programs further enhance development opportunities.

Major Employers and Institutions

Sequim is home to significant employers and institutions driving CRE demand, including:

Olympic Medical Center: A major healthcare provider requiring substantial office and medical spaces.
Jamestown S'Klallam Tribe: Operates multiple enterprises, including a casino and medical facilities.
Sequim School District: Contributes to demand for educational and community-related properties.

For more information, visit the Clallam County Business Directory.

Notable Commercial Developments & Projects

Sequim is witnessing exciting developments, such as:

Mixed-Use Projects: Integrating residential, retail, and office spaces to create vibrant communities.
Public-Private Partnerships: Facilitating innovative projects in designated Opportunity Zones.

Details on current projects can be found on the City of Sequim Planning Department.

Building Permits, Planning, and Development Tools

For development resources, visit:

Market Data & Economic Reports

Access comprehensive market data and economic reports from public sources such as Census.gov and the City of Sequim's Open Data Portal. Brevitas utilizes AI-powered aggregation from public data and internal insights to provide detailed market analyses. Explore Brevitas-powered dashboards for Sequim here.