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Seattle, WA

Retail · primary market · Seattle-Tacoma-Bellevue, WA · population 4,021,467

Asset classIndustrialOfficeRetailMultifamilyLandResidential

Score

+0.25 Expanding

Public data alone: +0.25. No firm read has been written for this market, so the score is the public data and nothing else.

Macro economic

+0.09Flat40% of the score

average hourly earnings growth (+5.4% YoY) leads the read; labor force growth (+0.0% YoY) and unemployment rate (5.0%) pull against it. 1 other sits near neutral. 4 of 5 indicators reported; the other 1 is not scored rather than scored as zero.

Show the 5 indicators behind this
IndicatorPublishedScoredAs ofSource
Average hourly earnings growth (YoY)+5.4% YoY+0.822026-07-01fred · SMU53426600500000003
House price index change (YoY)——
Job growth (total nonfarm, YoY)+0.6% YoY+0.042026-07-01fred · SEAT653NA
Labor force growth (YoY)+0.0% YoY−0.192026-06-01fred · SEAT653LF
Unemployment rate (level and direction)5.0%−0.142026-06-01fred · SEAT653URN

Published is the figure the source released; scored is that figure mapped onto the −1 to +1 scale by market-thresholds.json. Dates differ because the sources publish on different schedules — employment monthly, home prices quarterly, census structure annually.

Retail specific

+0.44Expanding35% of the score

median household income growth (+5.0% YoY) and leisure & hospitality employment growth (+3.6% YoY) lead the read; retail trade employment growth (+0.0% YoY) pulls against them. All 4 indicators reported.

Show the 4 indicators behind this
IndicatorPublishedScoredAs ofSource
Household count growth (YoY)+1.3% YoY+0.382023-12-31census · B11001_001E
Leisure & hospitality employment growth+3.6% YoY+0.662026-07-01fred · SEAT653LEIH
Median household income growth (YoY)+5.0% YoY+1.002023-12-31census · B19013_001E
Retail trade employment growth+0.0% YoY−0.112026-07-01fred · SMU53426604200000001SA

Published is the figure the source released; scored is that figure mapped onto the −1 to +1 scale by market-thresholds.json. Dates differ because the sources publish on different schedules — employment monthly, home prices quarterly, census structure annually.

Your read

—25% of the score

Nothing is written for this market yet, so the score above is the public data and nothing else. A read of your own is for the SPECIFIC, CHECKABLE events that move a market before they reach a government series — a fabricator breaking ground, a port expansion, a rail spur, an entitlement that just cleared, a single tenant taking a million feet.

Worth 25% here, and reserved for it: a read of your own changes your firm’s view of this market and nothing else — the public score stays exactly as it is. Writing one is not open yet.

Take this away

Every indicator behind this market, with its published figure, its scored value, its as-of date and the series it came from — as a spreadsheet.

CSV opens directly in Excel, Google Sheets and Numbers. The file carries its own provenance line, because a column of scores in a client email needs to say where it came from.

An automated indicator built from public government data and, where written, a firm’s own read. Not an appraisal, not investment advice, and not a substitute for underwriting a specific property. Every input, weight and source is shown above so the number can be checked.