American Life Inc. - Tacoma Data

Demographics

As with much of the Puget Sound region, Pierce County has experienced strong growth over the past ten years. Affordable housing with growing employment centers in Tacoma, particularly the Port of Tacoma, as well as Olympia to the south and the industrial areas of the southern Kent Valley to the north, has spurred population growth in the County. As can be seen, the growth in the unincorporated areas has been stronger than in the incorporated areas, by a notable amount. Really, the only area to lag in terms of growth is Tacoma. The following table outlines the population growth for the County, Tacoma and Puyallup.

Pierce County Population Growth
Area	2000	2007	Change
Pierce County	700,818	790,500	12.8%
Incorporated	385,459	424,590	10.1%
Unincorporated	315,359	365,910	16.0%
Tacoma	193,556	201,700	4.2%
Puyallup	33,014	36,790	11.4%

Source: State of Washington Office of Financial Management

Pierce County
Income 2006 (Inflation adjusted dollars)
Median Household Income	$53,923
Households	282,065
Median Family income	$63,225
Per Capita income	$25,207
Educational Attainment
High School Graduates, age 25+	89.3%
Bachelor's degree or higher, age 25+	23.7%
Mean commute time, workers age 16+	28.8 minutes

Source: U.S. Census Bureau, 2006 American Community Survey

Demographic Reports

Community Summary

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
Summary	2000	2007	2012
Population	81,954	85,777	89,808
Households	31,965	33,467	35,166
Families	18,197	18,483	19,034
Average Household Size	2.45	2.44	2.43
Owner Occupied HUs	14,133	15,264	15,793
Renter Occupied HUs	17,832	18,203	19,373
Median Age	33.0	33.8	34.1
Total Housing Units	34,633	36,736	38,705
Vacant Housing Units	2,668	3,269	3,539
Average Home Value	$131,111	$252,947	$310,583
Total Businesses	-	4,337	-
Total Employees	-	35,889	-

	2000		2007		2012
Households by Income	Number	Percent	Number	Percent	Number	Percent
< $15,000	7,388	23.1%	5,595	16.7%	4,978	14.2%
$15,000 – $24,999	4,971	15.5%	4,700	14.0%	4,044	11.5%
$25,000 – $34,999	4,906	15.3%	4,007	12.0%	3,852	11.0%
$35,000 – $49,999	5,542	17.3%	5,882	17.6%	5,385	15.3%
$50,000 – $74,999	5,312	16.6%	6,041	18.1%	6,949	19.8%
$75,000 – $99,999	2,064	6.5%	3,797	11.3%	4,154	11.8%
$100,000 – $149,999	1,272	4.0%	2,273	6.8%	3,824	10.9%
$150,000 – $199,000	260	0.8%	681	2.0%	999	2.8%
$200,000+	257	0.8%	491	1.5%	981	2.8%
Median Household Income	$32,136		$40,758		$48,018
Average Household Income	$41,266		$52,696		$63,557
Per Capita Income	$16,835		$21,337		$25,726

	2000		2007		2012
Population by Age	Number	Percent	Number	Percent	Number	Percent
0 – 4	5,927	7.2%	6,293	7.3%	6,746	7.5%
5 – 14	12,485	15.2%	11,107	12.9%	10,930	12.2%
15 – 19	5,910	7.2%	6,637	7.7%	6,012	6.7%
20 – 24	6,026	7.4%	7,341	8.6%	8,301	9.2%
25 – 34	13,315	16.2%	13,015	15.2%	14,039	15.6%
35 – 44	13,018	15.9%	12,076	14.1%	11,390	12.7%
45 – 54	10,223	12.5%	11,955	13.9%	12,256	13.6%
55 – 64	5,949	7.3%	8,094	9.4%	9,872	11.0%
65 – 74	4,141	5.1%	4,227	4.9%	5,052	5.6%
75 – 84	3,360	4.1%	3,153	3.7%	3,088	3.4%
85+	1,600	2.0%	1,879	2.2%	2,122	2.4%

	2000		2007		2012
Race and Ethnicity	Number	Percent	Number	Percent	Number	Percent
White Alone	51,044	62.3%	50,207	58.5%	50,256	56.0%
Black Alone	11,976	14.6%	13,557	15.8%	14,871	16.6%
American Indian Alone	2,457	3.0%	2,458	2.9%	2,472	2.8%
Asian Alone	6,954	8.5%	8,178	9.5%	9,236	10.3%
Pacific Islander Alone	800	1.0%	869	1.0%	922	1.0%
Some Other Race Alone	3,212	3.9%	4,025	4.7%	4,739	5.3%
Two or More Races	5,511	6.7%	6,483	7.6%	7,312	8.1%
Hispanic Origin (Any Race)	6,966	8.5%	8,945	10.4%	10,687	11.9%

Data Note: Income is expressed in current dollars.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012 were effective as of July 1, 2007. Business data provided by Acxiom. Copyright 2007, all rights reserved.

Executive Summary

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
2007 Population
Total Population	85,777
Male Population	50.1%
Female Population	49.9%
Median Age	33.8
2007 Income
Median HH Income	$40,758
Per Capita Income	$21,337
Average HH Income	$52,696
2007 Households
Total Households	33,467
Average Household Size	2.44
1990-2000 Annual Rate	0.4%
2007 Housing
Owner Occupied Housing Units	41.6%
Renter Occupied Housing Units	49.6%
Vacant Housing Units	8.9%
Population
1990 Population	76,898
2000 Population	81,954
2007 Population	85,777
2012 Population	89,808
1990–2000 Annual Rate	0.64%
2000–2007 Annual Rate	0.73%
2007–2012 Annual Rate	0.92%

In the identified market area, the current year population is 85,777. In 2000, the Census count in the market area was 81,954. The rate of change since 2000 was 0.73 percent annually. The five-year projection for the population in the market area is 89,808, representing a change of 0.92 percent annually from 2007 to 2012. Currently, the population is 50.1 percent male and 49.9 percent female.

Households
1990 Households	30,720
2000 Households	31,965
2007 Households	33,467
2012 Households	35,166
1990-2000 Annual Rate	0.4%
2000-2007 Annual Rate	0.74%
2007-2012 Annual Rate	1%

The household count in this market area has changed from 31,965 in 2000 to 33,467 in the current year, a change of 0.74 percent annually. The five-year projection of households is 35,166, a change of 1 percent annually from the current year total. Average household size is currently 2.44, compared to 2.45 in the year 2000. The number of families in the current year is 18,483 in the market area.

Executive Summary

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
Median Household Income
1990 Median HH Income	$20,617
2000 Median HH Income	$32,136
2007 Median HH Income	$40,758
2012 Median HH Income	$48,018
1990-2000 Annual Rate	4.54%
2000-2007 Annual Rate	3.88%
2007-2012 Annual Rate	3.33%
Per Capita Income
1990 Per Capita Income	$10,675
2000 Per Capita Income	$16,835
2007 Per Capita Income	$21,337
2012 Per Capita Income	$25,726
1990-2000 Annual Rate	4.66%
2000-2007 Annual Rate	3.86%
2007-2012 Annual Rate	3.81%
Average Household Income
1990 Average Household Income	$26,258
2000 Average Household Income	$41,266
2007 Average HH Income	$52,696
2012 Average HH Income	$63,557
1990-2000 Annual Rate	4.62%
2000-2007 Annual Rate	3.99%
2007-2012 Annual Rate	3.82%

Tracts: 53053060200, 53053060600, et. al.
2000 – 2007 Population Annual Rate	0.73%
2007 – 2012 Population Annual Rate	0.92%

Total Population

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI converted 1990 Census data into 2000 geography. ESRI forecasts for 2007 and 2012.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
2000 Population by Sex
Males	49.7%
Females	50.3%
2007 Population by Sex
Males	50.1%
Females	49.9%
2012 Population by Sex
Males	50.3%
Females	49.7%

2007 Population by Race

2007 Hispanic Origin

10.4%

2000 Population 25+ by Educational Attainment
Total	51,797
Less than 9th Grade	7.0%
9th – 12th Grade, No Diploma	14.0%
High School Graduate	30.9%
Some College, No Degree	26.0%
Associate Degree	6.9%
Bachelor's Degree	10.2%
Master's/Prof/Doctorate Degree	4.9%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
2000 Population by Age
Total	81,954
0 – 4	7.2%
5 – 9	7.6%
10 – 14	7.7%
15 – 19	7.2%
20 – 24	7.4%
25 – 34	16.2%
35 – 44	15.9%
45 – 54	12.5%
55 – 64	7.3%
65 – 74	5.1%
75 – 84	4.1%
85+	2.0%
2007 Population by Age
Total	85,777
0 – 4	7.3%
5 – 9	6.3%
10 – 14	6.7%
15 – 19	7.7%
20 – 24	8.6%
25 – 34	15.2%
35 – 44	14.1%
45 – 54	13.9%
55 – 64	9.4%
65 – 74	4.9%
75 – 84	3.7%
85+	2.2%
2012 Population by Age
Total	89,808
0 – 4	7.5%
5 – 9	6.3%
10 – 14	5.9%
15 – 19	6.7%
20 – 24	9.2%
25 – 34	15.6%
35 – 44	12.7%
45 – 54	13.6%
55 – 64	11.0%
65 – 74	5.6%
75 – 84	3.4%
85+	2.4%
Median Age
2000	33.0
2007	33.8
2012	34.1

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
2000 – 2007 Civilian Employed Population 16+ Annual Rate	0.43%
2007 – 2012 Civilian Employed Population 16+ Annual Rate	1.42%

Total Civilian Employed Population 16+

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI converted 1990 Census data into 2000 geography. ESRI forecasts for 2007 and 2012.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
2000 Employed Population 16+ by Industry
Total	34,491
Agriculture/Mining	1.4%
Construction	7.1%
Manufacturing	12.0%
Wholesale Trade	4.2%
Retail Trade	11.5%
Transportation/Utilities	6.6%
Information	2.1%
Finance/Insurance/Real Estate	5.0%
Services	44.5%
Public Administration	5.7%
2007 Employed Population 16+ by Industry
Total	35,439
Agriculture/Mining	1.5%
Construction	7.9%
Manufacturing	9.2%
Wholesale Trade	3.6%
Retail Trade	11.2%
Transportation/Utilities	6.4%
Information	1.6%
Finance/Insurance/Real Estate	4.7%
Services	48.4%
Public Administration	5.5%
2000 Employed Population 16+ by Occupation
Total	34,491
White Collar	50.1%
Management/Business/Financial	8.3%
Professional	16.3%
Sales	10.2%
Administrative Support	15.3%
Services	20.6%
Blue Collar	29.3%
Farming/Forestry/Fishing	1.0%
Construction/Extraction	6.3%
Installation/Maintenance/Repair	4.5%
Production	8.7%
Transportation/Material Moving	8.8%
2007 Employed Population 16+ by Occupation
Total	35,439
White Collar	48.8%
Management/Business/Financial	7.7%
Professional	16.9%
Sales	10.2%
Administrative Support	14.0%
Services	23.6%
Blue Collar	27.6%
Farming/Forestry/Fishing	0.9%
Construction/Extraction	7.3%
Installation/Maintenance/Repair	3.8%
Production	6.5%
Transportation/Material Moving	9.1%

Data Note: Detail may not sum to totals due to rounding.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

2007 Employed Civilian Population 16+ by Industry

Data Note: Industry descriptions based on 2000 Census of Population and Housing definitions. Source: ESRI forecasts for 2007.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

2000 – 2007 Population by Industry Annual Rate

Data Note: Industry descriptions based on 2000 Census of Population and Housing definitions. Source: ESRI forecasts for 2007.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

Tracts: 53053060200, 53053060600, et. al.
2000 – 2007 Households Annual Rate	0.74%
2007 – 2012 Households Annual Rate	1%

Total Households

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI converted 1990 Census data into 2000 geography. ESRI forecasts for 2007 and 2012.

Office/Industrial Express Pack

Prepared by Andy Robinson, MAI

2007 Household Income

Median Household Income
2000	$32,136
2007	$40,758
2012	$48,018
2000 – 2007 Median Household Income Annual Rate	3.88%
2007 – 2012 Median Household Income Annual Rate	3.33%
2007 Median Net Worth	$63,414

Data Note: Detail may not sum to totals due to rounding. Income represents annual income for the preceding year. Income for 2007 and 2012 is expressed in current dollars, including an adjustment for inflation.

Source: U.S. Bureau of the Census, 2000 Census of Population and Housing. ESRI forecasts for 2007 and 2012.

Office Market Report for Pierce County

Office Market Report for Study Area

Top Private Employers in Tacoma Pierce County — 2008

Top Private Employers in Tacoma Pierce County — 2008
Rank	Organization	Employees	Industry
1	MULTICARE HEALTH SYSTEM	5,832	Health Services
2	FRANCISCAN HEALTH SYSTEM	4,041	Health Services
3	FRED MEYER STORES *	2,383	Retail
4	WAL-MART *	1,990	Retail
5	EMERALD QUEEN CASINO	1,915	Casino Gaming
6	BOEING COMPANY, THE (Frederickson Site)	1,760	Aerospace
7	SAFEWAY STORES, INC.	1,635	Retail (Grocer)
8	RUSSELL INVESTMENTS (formerly RUSSELL INVESTMENT GROUP)	1,144	Investment Management
9	STATE FARM INSURANCE COMPANIES	1,133	Insurance
10	COSTCO	1,081	Wholesale
11	INTEL CORPORATION	1,000	Computer Electronics
12	LONGSHORE LABOR UNION	976	Labor Union
13	MCDONALD'S RESTAURANTS (Corporate stores only)	939	Fast Food
14	COMCAST CABLE	907	Cable Services
15	ALBERTSON’S INC	886	Retail (Grocer)
16	DAVITA	856	Health Services
17	MILGARD MANUFACTURING, INC.	817	Glass & Window Mfg.
18	AAFES (ARMY & AIR FORCE EXCHANGE SERVICE)	798	Merchandise for Armed Forces
19	RECREATIONAL EQUIPMENT, INC. (REI)	702	Retail & Dist. (Outdoor Products)
20	PACIFIC LUTHERAN UNIVERSITY	700	Education

* FTE count was not available for some employers. Headcount used for Fred Meyer Stores and Wal-Mart.

2007 MAJOR EMPLOYERS LIST
1	U.S. ARMY FORT LEWIS (TOTAL)	38,143	Military
	U.S. Army Fort Lewis (Military)	27,373
	U.S. Army Fort Lewis (Civilian)	10,770
2	LOCAL PUBLIC SCHOOL DISTRICTS *	13,393	Education
3	U.S. AIR FORCE MCCHORD	11,765	Military
	U.S. Air Force McChord (Civilian & Reserve)	7,758
	U.S. Air Force McChord (Military)	4,007
4	WASHINGTON STATE EMPLOYEES *	8,007	Government/Public Offices
5	MULTICARE HEALTH SYSTEM (includes GOOD SAMARITAN HOSPITAL)	5,567	Health Services
6	FRANCISCAN HEALTH SYSTEM	4,059	Health Services
7	U.S. ARMY MADIGAN HOSPITAL	3,647	Military Health Care
	U.S. Army Madigan Hospital (Civilian)	2,342
	U.S. Army Madigan Hospital (Military)	1,305
8	PIERCE COUNTY GOVERNMENT	3,231	Government/Public Offices
9	WASHINGTON STATE HIGHER EDUCATION *	2,789	Colleges
10	SAFEWAY STORES, INC. *	2,650	Retail (Grocer)
11	WA STATE NATIONAL GUARD *	2,575	Military
12	TACOMA, CITY OF (Does not include Tacoma Public Utilities)	2,422	Government/Public Offices
13	FRED MEYER STORES *	2,360	Retail
14	WAL-MART *	1,850	Retail
15	EMERALD QUEEN CASINO	1,688	Casino Gaming
16	BOEING COMPANY, THE (Frederickson Site)	1,450	Aerospace
17	TACOMA PUBLIC UTILITIES	1,297	Public Utility
18	MCDONALD'S RESTAURANTS (Corporate stores only) **	1,290	Fast Food
19	U.S. POSTAL SERVICE	1,173	Government/Public Offices
20	MILGARD MANUFACTURING, INC.	1,115	Glass & Window Mfg.
21	INTEL CORPORATION	1,100	Computer Electronics
22	RUSSELL INVESTMENT GROUP	1,080	Investment Management
23	STATE FARM INSURANCE COMPANIES	1,063	Insurance
24	COSTCO	946	Wholesale
25	COMCAST CABLE	922	Cable Services
26	PIERCE TRANSIT	920	Government/Transportation
27	ALBERTSON’S INC	886	Retail (Grocer)
28	LONGSHORE LABOR UNION	850	Labor Union
29	DAVITA	815	Health Services
30	GORDON TRUCKING INC. (includes WA based drivers)	787	Transportation
31	AAFES (ARMY & AIR FORCE EXCHANGE SERVICE)	762	Merchandise for Armed Forces
32	VETERANS' AFFAIRS PUGET SOUND HEALTH CARE SYSTEMS	723	Health Services

Labor Force

Labor Force, Employment and Unemployment
Year	Labor Force	No. of Employed	No. of Unemployed	Unemployment Rate %
2007	387,380	369,900	17,480	4.5

Source: Washington State Employment Security Department

Others

Cost of Living
	Tacoma Metro Area	Seattle Metro Area
Median Home Price (December 2007)	$277,000	$435,000
Average Actual Rent Price (2 Bedroom/2 Bath)	$901	$1,127