What makes us different
Vibrant Cities works closely with construction industry specialists and architects to ensure that design decisions are cost effective. This collaboration allows us to align responsibility and control of the project and is critical in protecting our investors. We are a Pacific Northwest-based company and utilize our local expertise and management to create buildings that align closely with market needs.
We believe information is key to every working relationship and thus provide our investors with quarterly project updates and financial transparency.
Puget Sound has added over 250,000 payroll jobs since 2011 and there are no signs of slowing down. In 2015, the region added 65,000 jobs and the Puget Sound Economic Forecaster’s positive employment forecast indicates 48,500 payroll jobs will be added in 2016; and a total of 152,000 during the five-year period from 2016 through 2020. Companies such as Amazon and Boeing have led the region’s employment growth over the past few years, but construction, financial, and retail have contributed to the employment resurgence as well. In addition, several large technology companies have drastically expanded or opened regional offices in Seattle. These companies include Alibaba, Facebook, Google, Oracle, Tableau, Twitter, Zillow, and Zygna.
Excellent Renter Demographic
Seattle’s multifamily market is one of the most affluent and well-educated renter demographics in the country. The average household income in Seattle is $80,349 with 67% of the population having a bachelor’s degree or higher. Additionally, the millennial renters in the area are changing the multifamily market as they make up a majority of the renter population.
Some neat facts
#1 Fastest Growing Market for Software Engineers.
#2 Best Tech Market in the U.S.
#2 Best Big Cities to Live in America 2016
#4 Best City to Invest in Real Estate in 2017
Portland is often referred to as one of the most environmentally friendly cities in the world and is home to a number of micro-breweries and micro-distilleries. Portland is experiencing an increase in housing demand due to the influx of jobs from the technology, athletic and outdoor apparel, healthcare, and manufacturing industry– with an overall job growth of 3.3%. With large tech industry leaders such as Intel (Portland’s leading private employer), Google, Oracle, Nike, and AirBnb calling it home, and its relatively low cost of living compared to its coastal neighbors, Forbes ranked Portland #5 in Best Places for Business and Careers.
According to the Oregon Employment department, Portland is adding more jobs to than Seattle, San Francisco, and the nation as a whole. With an annual population increase of ~2%, the growth continues to strain the region’s current housing supply.
Some neat facts
#1 Best Places to Live
#1 Best Performing Economy
#5 Best Places for Business and Careers
#8 World’s Best Cities for Millennials
Experience and Integrity
Vibrant Cities focuses on the development of high quality apartment and hospitality properties in Seattle and Portland. Vibrant currently owns or has investments in over 1,000 units in the various stages of the development pipeline. We do extensive due diligence on all our properties to ensure that we are providing the best building fit for the neighborhood and market needs. We believe that buildings can be high-quality and affordable for our tenants as well as provide return for our investors. If you’d like to learn more about investing in Vibrant cities properties and you are an Accredited Investor, please email us at email@example.com.