The 2000 acre Tulalip economic development is located approximately 2 miles north of Marysville along the west side of I-5 in west central Snohomish County. The site, which is generally flat, has nearly 2 miles of I-5 frontage and is accessed by a full diamond interchange at both 116 Street N.E. and at 88th Street N.E., the south boundary of the development.
Snohomish County is located in the northwest portion of Washington State, between the Puget Sound and the Cascade Mountain Range. It is bordered by Skagit County on the north and King County on the south and encompasses 2,100 square miles. It is the third most populous county in Washington, after King and Pierce Counties. The topography ranges from mountainous in the eastern portion to rolling farmland in the west. Approximately 43 percent of the county is in forest reserves of the Mt. Baker National Forest, Snoqualmie National Forest and Glacier Park Wilderness Area. The population centers are concentrated in the foothills and lowlands bordering the Puget Sound.Residential
Residential construction has focused on affordable housing, which is a strong attraction, drawing people who are
willing to make the longer commute to take advantage of the values and the more rural environment afforded by
this market.
Commercial developments have been focused around the 172nd Street NE interchange to the north and SR 528 interchange to the south and to a lesser extent at 116th Street NE interchange. Most of these developments have been constructed in the last five years, keeping pace with the growth of the residential market.
Manufacturing
Manufacturing and storage are the primary uses found in most industrial developments in the area. In this market
area one finds companies which operate facilities to construct building materials such as windows, cabinets,
doors, insulation, and other related products. There are boat manufacturers, grinding-wheel manufacturers, metal
fabrication plants, resource recycling plants, lumber mills and general distribution facilities.
Industrial supply currently totals approximately 3,100,000 square feet. Approximately 50 percent of this space was constructed before 1980, 40 percent during the 1980s, and 10 percent after 1990. The growth in this supply has been steady. The industrial market in this area has a low vacancy rate of approximately 2 percent with a high percentage (40 percent) of owner-occupied properties. Asking shell rates for newer, tilt-up concrete buildings in this market are $0.40/square foot/month, triple net, and office space is offered at $0.80/square foot/month, triple net. Average blended rates for older / metal warehouse properties range from $0.35 to $0.42/square foot/month, triple net.