Kitsap County Trends Report...38


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Commercial Real Estate (cont.)

Retail Market: Bradley Scott, Inc. surveyed over 4.6 million square feet of retail space throughout Kitsap County. Vacancies in the retail market climbed nearly 1% to 6.62%.

Kitsap County
Retail Vacancy Survey
As Of March 1999
Office Space (Sq. ft.)Percent
AreaSurveyedVacantVacant
Bainbridge Island144,7958,4895.86%
Downtown Bremerton*227,26772,13831.74%
East Bremerton976,33276,9087.88%
West Bremerton120,42800.00%
Poulsbo249,3546,3022.53%
Port Orchard866,932110,87412.79%
Silverdale2,191,41940,2391.84%
Total4,631,732306,4616.62%
*Does not include 173,102 square feet of the Penney's & Sears buildings
Source: Bradley Scott, Inc.

Major moves in the retail market came in Bainbridge where vacancies increased from 1.07% to 5.86%, along with an increase in Port Orchard by 3%. Poulsbo bucked the trend with vacancies declining by 2%.

Kitsap County Retail Vacancy Rates Graph

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