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Employment Market Analysis <br /> The red outline in Figure 3 shows the "market area" defined by Leland Consulting Group. This area is a 20-minute drive to the <br /> north and south, and 15 — 20 minute drive to the east, depending on traffic. <br /> The market area is the area from which Metro Everett will "capture" some <br /> amount of future development. <br /> Red circles represent retail businesses, yellow circles represent housing, <br /> N.Marysville and green circles represent non-retail employment. The larger circles <br /> represent larger concentrations of retail, housing, and employment. <br /> Marysville <br /> The figure shows that Metro Everett and the area around Paine Field are <br /> major employment centers. Metro Everett shows as a mixed-use center <br /> with housing and retail. However, the retail establishments are not as large <br /> as those found in centers farther south and north on 1-5. <br /> Lake <br /> Stevens <br /> Office Forecast <br /> The Puget Sound Regional Council's projections for employment show the <br /> region's strong economic fundamentals as: high-growth industry clusters <br /> such as technology, trade, biotech, aerospace and aeronautics, technical <br /> and professional fields, and manufacturing; high education levels; and the <br /> Mukilteo region's desirability, natural beauty, and related population growth. <br /> Mill Creek Metro Everett includes 2.2 million square feet of office space, or 21% of all <br /> office space within the market area and 36% of the office space in the city. <br /> In the past decade, approximately 200,000 square feet of office space had <br /> been added to Metro Everett, mostly through renovation of existing <br /> buildings rather than new construction. <br /> Figure 3:Metro Everett Market Area(Source:Leland Consulting Group) <br /> Chapter 3,Market Analysis 3 August 29,2018 <br />