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Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
(360) 671-4200 [email protected]
Jim Bjerke or Heather Baker
For information contact:
114 W. Magnolia Street, Suite 302, Bellingham, WA 98225
FOR LEASE 1530 Cornwall Avenue, Bellingham, WA
EXCELLENT! For anyone providing products or services for over 14,000 (and growing quickly) residences within a one mile ra-dius, in the central business district
EXCELLENT! For any business providing products or services to the 16,000 downtown employees, WWU students, and Bel-lingham residents
EXCELLENT! For any employer - surrounded by restaurants, business services, financial and government offices
Listing #601012
25,000 sq ft
ENTRY Floor Plan
Ret
ail &
Din
ing
and
Fina
ncia
l
Cor
nwal
l Ave
.
Corn
wall
Ave.
State
St.
Jam
es
Holly St.
Whatcom
Middle School
Residential
Residential
Residential Retail & Dining
Bellingham
High School
City & County
Offices
11,000/day
8,0
00/d
ay
16,400
/day
Ell
is S
t.
Ohio
St.
8,00
0/da
y
Central
Business District
76,0
00/d
ay
1530 Cornwall Avenue 25,000 SF Retail Space
This area of downtown Bellingham offers a strong sense of community. Located at the north edge of the central business district. Whatcom Transit Authority Station is one block south and the City and County government offices and courts are 4 blocks away.
Financial institutions in the area include Chase Bank, Washington Federal, Banner Bank, Whidbey Island Bank, Skagit State Bank, Peoples Bank and Bank of the Pacific.
Bellingham is ideally located between Seattle and Van-couver, British Columbia, and is the largest city in Whatcom County (2012 county population: 205,000) and growing fast.
98,000 residents base within a 5-mile radius.
Heavy traffic from Canadian shoppers with 42,000+ people cross the border into Whatcom County each day
Travel to and from Whatcom County has many options with the Bellingham International Airport, Alaska Marine Highway System, Amtrak and the I-5 corridor. Whatcom County supports a strong retail and tourism market; local industries include marine, refineries, aerospace, technol-ogy, medical services and agriculture.
Victoria, B.C.
Seattle
Bellingham
Vancouver, B.C.
Port Townsend
Everett
About the City of Bellingham
Located on Bellingham Bay with Mt. Baker as its backdrop, Bellingham is the last major city before the Washington coastline meets the Canadian border. Bellingham is 85 miles north of Seattle and an hour south of Vancouver B.C. Transportation links connect the community to the nearby San Juan Islands and Victoria on Vancouver Island. The downtown area has a mixture of restaurants, art galleries, and specialty shops. Bellingham is home to Western Washington University on Sehome Hill, from which there is a sweeping view across the bay to the San Juan Islands. Visitors bound for Alaska depart on the Alaska Marine Highway System ferries from the Bellingham Cruise Terminal. Bellingham has an active waterfront port that supports fishing, charter cruises, leisure boating, boat building, boat maintenance, shipping, marina operations, and many marine trades busi-nesses.
Population in Whatcom County & Bellingham
Washington State Office of Financial Management estimates that the total population of Whatcom, Skagit, Island, and San Juan combined is approximately 439,700 as of 2017. With its current population estimated at 216,300, Whatcom County, home to the city of Bellingham, is by far the most populous segment of this counties. Whatcom county has seen a steady population growth of about 2.06% since 2010, which is higher than the corresponding rate for Washington State (1.41%). Whatcom County attracts firms relocating out of the Seattle metropolitan area due to the quality of life found in cities like Bellingham, as well as the much lower cost of housing and living. Bellingham is the economic hub for Whatcom County. The estimated 2017 population for Bellingham is 86,720. Bellingham’s growth levels coincide with the rest of Whatcom county, and its population has represented about 40% of the county population for the past 25 years.
Employment in Whatcom County
Agricultural jobs have seen a decrease in Whatcom county as the economy shifts to relying on non-agricultural employment and industries. By the end of 2017, non-ag employment totaled 93,100 jobs, a total net gain of 13,200 jobs since 2010. The region surpassed the peak recession level in 2014. The biggest growth occurred between 2016 and 2017 with 3,300 new jobs added. The sectors gaining the most included mining, logging, & construction (+1,000 jobs), other services (+800 jobs), and government (+700 jobs). All of the sectors showed gains except for transportation, warehousing, and utilities, which held steady with no gains.
Fact:
Bellingham and Whatcom County’s population once relied heavily on Canadian consumerism for economic efficiency. After the effects of September 11, 2001, there was a significant drop in border crossings lead-ing to an economic slump,. With the 2009 re-cession, Canadians saw a movement in the ex-change rate, that has since had them returning over the border to contribute to our economy. However, because of the previous economic slump, Bellingham has grown in population and employment, and its economy holds inde-pendent from Canadian consumers.
Bellingham
Canada
Retail Market
Within the market there is a wide variety of retail space. According to the most recent survey provided by CoStar, the Whatcom County retail market totals 9.54 million sq ft within 657 buildings. Bellingham is the largest of the markets at 7.39 million sq ft. Vacancy in the County is currently at 3.9% down 20 basis points from the previous quarter. Since the beginning of 2012, the retail market has varied from the present low of 3.9% to a high of 6.8% (1st quarter 2015). The drop in vacancy over the past quarter is due to positive net absorption of 12.021 sq ft. Conclusion: population in Bellingham is currently on the rise. Employment picture has improved with 3,000 new jobs over the past year and unemployment down to 5.6%. Retail spending is up 10.3% through the 3rd quarter of 2017. With the recent job growth, the region should continue to do well.
Aerial view of bay and downtown
Boulevard Park boardwalk
About the Port of Bellingham
From the Port of Bellingham’s website: “The Port of Bellingham works closely with private enterprise and local and state agencies to facili-tate the retention of existing business and the location of new business to Whatcom County. Like many ports in Washington State, the Port of Bellingham’s activities go far beyond ocean shipping. Its many other activities are dedicated to meeting the broader economic and transportation needs of Whatcom County. Diverse activities, such as the operation of Bellingham International Airport, marine and rail passenger terminals, two marinas, a cargo transportation terminal, and those activities of over 260 different Port commercial property tenants account for more than ten percent of the employment in Whatcom County. The Port of Bellingham has optimal access, whether it’s providing transportation connections, infrastructure or communications. Let the Port be your business partner, working with you to make your development become a reality.”
About Western Washington University
From their official website: “Western is an energized campus community with nearly 16,000 students and over 160 academic programs. Western offers the focus on students and the faculty ac-cess of a smaller college with the academic choice, opportunities for research, multicultural diversity, and room to grow of a large university.”
Quick Facts: Of 15,915 students (of an 82,000 population in Bellingham), 87% are residents on Washington,
and 13% are non-residents (including international students) Last fall (2017), 3,114 new freshmen enrolled at WWU WWU offers 160+ academic programs taught by an accredited faculty. Classes average 28
students in size; an 18:1 student to faculty ratio With a high retention rate, 81% of freshmen return the following fall 92% of freshmen live on campus their first year(and campus is only a couple short miles from
the downtown Bellingham area) 17% of undergraduate students graduate with a degree from the college of business and
economics, making Western alumni highly marketable for growing businesses in Bellingham
Downtown Bellingham Statistics & Highlights
A Decade of Downtown Accomplishments: 1. Emergence of urban residential neighborhoods; more residents Downtown create a stronger
send of community and a larger pool of customers supporting Downtown businesses. 2. Habitat in Whatcom Creek corridor has been restored through cleanup efforts of the
downtown parks, including replacement of non-native species of plants with native species. 3. Depot Market Square (two blocks from offered site) has become the permanent home for the
Bellingham Farmer’s Market creating a huge commercial success. 4. Railroad Avenue and Holly Street intersection has been redeveloped transforming the space
into a vibrant mixed-used gateway—contributes to additional distinctive identity improve-ments.
5. Pedestrian environment sees huge improvement with the incorporation of public spaces and widening of sidewalks.
6. Bicycling is safer and more convenient; over $11 million in local transportation funds invested into bike lanes, bike parking, and the Whatcom Transportation Authority (WTA)’s “Bikes on Buses” program.
7. Investment in the Downtown Arts District has created a dynamic cluster of cultural venues. 8. Historic buildings have been revitalized leading to potential for Downtown to become a
National Historic District 9. The private sector has responded to Downtown needs and opportunities; corporations have
moved into existing buildings and property owners have made improvements to building facades and signage.
10. Adoption of new urban villages plans for the Waterfront and Old Town districts will provide opportunities for thousands of new jobs and housing to support Downtown businesses.
Tax Incentives for New Businesses
New businesses and branches that locate in Downtown are eligible for a graduated tax credit of 90% for the first year,
75% for the second year, and 50% for the third year of operation
Contact the Business License Services/Tax Line for further information:
(360) 778-8012 | [email protected]
Neighborhood Tenants - Entertainment District
Tenants include: Boundary Bay Brewery & Bistro Rumors Cabaret Woods Coffee La Fiamma Wood Fire Pizza Cap Hansen’s Tavern Underground Kombucha Town Pell’Meni Woolies The Shakedown The Color Pot Old World Deli Bellingham Herald Bob’s Burgers Starbucks Jun Sushi & Bento & many more!
2,500 Downtown Residents (with hundreds of units in development)
More than 2,500 people live downtown and
creative developers are adding new housing to the market
Tourists
Visitors to Whatcom County spent nearly $600 million in 2016 (increasing yearly)
100,000 People
100,000 people live within 15 minutes of downtown
7,500 Employed
More than 7,500 employees work in downtown Bellingham
Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it.
(360) 671-4200 [email protected]
Jim Bjerke or Heather Baker
For information contact:
114 W. Magnolia Street, Suite 302, Bellingham, WA 98225
1530 Cornwall Avenue
Located in Central Business District
LOTS of customer parking
Easy access to/from I-5
Surrounded by almost 2,000 downtown businesses with over 16,000 employees
1.5 million SF of office/retail
space within 5 blocks
Exit 253
Exit 254
Bellingham
High School
