1. THE STATE OF REAL ESTATE Kitsap’s Competitive Edge

2. The Central Puget Sound Region (CPS) …Known around the Globe as the
Kitsap County is an integral part of one of the most diverse, talented, innovative, competitive, and renowned regional economies in the world...
The Central Puget Sound Region (CPS)
…Known around the Globe as the
Greater Seattle Metro Market

3. Think of “CPS” as a parent company with four distinct divisions (Snohomish, King, Pierce and Kitsap) and 2.6M employees researching, developing, producing and selling 14 leading global products and services:
1. aerospace
8. “e-commerce”
2. military defense
9. digital media-entertainment- education
3. maritime industries
10. specialty food /beverage
4. IT / communications
11. tourism
5. healthcare, bio-technologies
12. business services
6. adv. manufacturing & materials
13. corporate headquarters
7. clean technologies
14. international trade & logistics

4. PSIC Bremerton– Largest Greenfield MIC in Region
35 miles to I-5
45 to SeaTac Airport
55 miles to Seattle
60 miles to 3 Deep Water Ports
11 Business Parks

5. Kitsap’s Role in the Regional Economy
Central Puget Sound Region
(Snohomish, King, Pierce, Kitsap)
Kitsap County
3.8 M people
2.6 M Jobs
Diverse & Educated Population
14 Economic Clusters
Proximity to Asia-Pacific Markets
Global Center for Aerospace, IT, Heath & Maritime / Defense
Innovative & Entrepreneurial
Leader in Sustainability initiatives & technology
9 of 14 Economic Clusters in Kitsap
2nd Largest Industrial Complex in Pacific NW (PSNS/IMF)
Leading edge sustainability education and leading-edge green businesses
Above Regional Average
Employment
Educational attainment/Credentials
Intellectual Property Development
Below Regional Average
Cost of Living
Cost of Doing Business
Stress levels
KITSAP -- Arguably, the highest quality of life & most sustainable environment in the Central Puget Sound (393 square miles of a heavily forested peninsula & island surrounded by 250 miles of scenic saltwater shoreline framed by majestic mountain ranges, - all within 10 nautical miles of a 24/7 global center of commerce).

6. KITSAP REAL ESTATE HEADLINES:
Kitsap's real estate market hot in first half of year
Tad Sooter, Kitsap Sun – July 12, 2015
Explosive housing costs in Seattle are sparking interest in Kitsap County’s real estate market
Robert Smith, Port Orchard Independent – September 22, 2015
Apartment vacancies still low, rents rising
Tad Sooter, Minding Your Business Blog– October 20, 2015
Developer doubles down on Bremerton apartments
Josh Farley, Kitsap Sun – October 6, 2015

7. New Silverdale hospital expected to open in 2018
Apartment projects meet demand for rental housing Tim Kelly, Kitsap Sun – April 9, 2015
Starwood Capital Group and Starwood Retail Partners Affiliate acquire Kitsap Mall in Silverdale, Washington
PR Newswire, June 13, 2013
Officials break ground for The Trails at Silverwood
Leslie Kelly, Central Kitsap Reporter, April 28, 2014
New Silverdale hospital expected to open in 2018
Kitsap Sun - March 25, 2015

8. SEATTLE REAL ESTATE HEADLINES:
Seattle is nation’s fastest-growing major city
CBS News– May 22, 2014
Seattle’s commercial real estate market is hotter than San Francisco and New York
Marc Stiles, Puget Sound Business Journal, October 7, 2015
Seattle touts its enviable position for Chinese FDI
USA - China Daily, October 9, 2015
Taiwanese firm pas sky-high price for downtown Seattle property
Marc Stiles, Puget Sound Business Journal, September 3, 2015

9. Expedia’s move to Seattle could be a traffic reckoning
$130M Seattle apartment sale: The build ‘em, sell ‘em beat goes on
Marc Stiles, Puget Sound Business Journal, May 15, 2015
Commercial lease rates hitting new heights in Seattle
Seattle PI, September 10, 2015
Seattle homes selling in 5 days and over asking price
Sam DeBord, MarketWatch, October 12, 2015
Expedia’s move to Seattle could be a traffic reckoning
Brier Dudley, Seattle Times, April 5, 2015

10. Heading West….Heading Home