Adobe City Guide 2019 - Seattle

MARKET FOCUS: Seattle, WA

Congratulations on your internship with Adobe! We are so excited you will be joining us soon. Seattle is an amazing and diverse community with tons of activities to do and places to see. There are so many perks to living in the heart of Greater Seattle – access to new people, culture, food and technology but with that comes the challenge of finding affordable housing. Rental home and apartment prices tend to be high in Seattle, so we recommend finding a roommate/housemate to split the cost of housing and utilities. Figure out where you want to live and get started on the search as early as you can. We have compiled some information together for you to help get you oriented with your internship location. Joining the Adobe Intern Facebook page is also a great way to network with future colleagues and search for a roommate. We wish you luck in your housing search! What to know about renting in Seattle Seattle is the largest city in the state of Washington and hub of the sprawling metropolitan region of Greater Seattle. The “Emerald City” has grown rapidly, not only as the U.S. birthplace of gourmet coffee, but as a hotbed of high-technology industries. Downtown Seattle and the communities of Bellevue, Redmond, Sammamish and Issaquah are among the many choices for prospective residents. Demand is particularly strong; thus, prices are higher, in downtown Bellevue, downtown Redmond – and in Seattle, the neighborhoods of Capitol Hill, Queen Anne, and Belltown. Capitol Hill, with its many restaurants and clubs, is a particular favorite with young singles. West Seattle has grown in popularity due to lower rent prices and a new tunnel that is under construction will make for a much easier commute than before.

Seattle at a Glance

CONSIDERATIONS

FINDINGS

COMMENTS

Housing Availability

Moderate

There is some choice, but time is needed to find property

Tenant Paid Real Estate Fees

No

Typical Lease Length

12 Months

Some landlords require first and last month’s rent, plus cleaning fees. A co-signer may also be required for applicants with no credit history

Typical Security Deposit

1 Month

Early Termination Clauses

Yes

A penalty of two months’ rent usually applies

Negotiation of Lease Terms

No

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report

Housing Options

TRAVELERS HAVEN Travelers Haven is one of the largest and fastest-growing corporate housing companies in the country, specializing in affordable short-term accommodations for interns and other temporary stay residents. Service includes 24/7 support and a mobile-friendly dashboard, so occupants can easily access and manage their housing wherever they are. Each intern is paired with a dedicated account manager to better assist them in every step of the housing process. Click: Travelers Haven to create an account and access the housing dashboard. From there you can fill out a new housing request by entering the location in which you wish to rent and basic information about the property you’re looking for. After clicking submit, a dedicated account manager will call you within moments. Should you miss the call, they will also follow up with an email. CORPORATE LIVING All the hours in the classroom, at the library, behind the books…and you have made it, deservedly: you landed a big-time internship with Adobe. Congratulations! The last thing you need to be doing is stressing about finding a great apartment within budget for your summer stay. If you are looking for a seamless, turn-key housing solution, look no further. Corporate Living administers your housing from arrival to departure. This means no time-wasting apartment searches, no ugly surprises upon move-in, no ridiculous paperwork. You (and your family) will rest easy knowing you have secured a comfortable, convenient, and affordable place to live this summer, enabling you to focus on what is really important: your Adobe experience in an exciting new city. Did we mention our 24-hour move-in to move-out guest services contact? What is important to you is important to us, so if you need our help, give us a call, shoot us an email, or fill out our online form. Comprehensive total duty of care, across the board, all summer long. Have a friend you want to room with? Open to rooming with someone new and making new friends? We have got you covered there, too. Simply note your roommate preferences when you submit an inquiry and we will do our best to make it happen. The right room at the right rate with the right roommate…that is a lot of things going right. We are experienced housing professionals who manage your housing process and support you every single day of your internship. We ensure you have a place to live, not just a bed to sleep in. Corporate Living: this is what we do. For all the information you need to secure your summer housing today, please visit: Corporate Living

ADDITIONAL RESOURCES Looking for a roommate? Click on the following link to connect with other Adobe interns in your area: Adobe Intern Facebook Group

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report

Popular Neighborhoods

BELLEVUE, WA Bellevue is a large suburb located 4.5 miles east of Seattle on the shores of Lake Washington. It is the center of the high-tech community and has a very strong and stable economy. It is a thriving metropolis ripe in its professional services and business climate. Bellevue also offers a wide range of cultural and recreational opportunities. Much like the rest of the Seattle area, housing in Bellevue remains at a premium. Supply remains low while demand continues to increase. Because of this, the median home prices have risen significantly in the last few years and will likely continue to do so throughout 2019. ISSAQUAH, WA Issaquah is a rapidly developing suburb, lying just south of Lake Sammamish off of I-90. Lake Sammamish State Park offers swimming, biking, picnic facilities, boating, in addition to 40+ hiking trails. Issaquah also offers Gilman Village, which is a collection of restaurants and unique shops. The school district ranks second in statewide rankings and is known for its outstanding music and drama programs. Issaquah has a range of housing options, including apartments, condos, and single-family homes. Being a rapidly-developing area, most homes are newer, but have a tendency to sell or rent very quickly, reflecting the Seattle market. REDMOND, WA Redmond lies just east of Bellevue, and boasts a population of 59,285, making it the 19th largest city in Washington State. The 16.06 square miles that make up Redmond include 23 developed parks, as well as the Burke-Gilman cycling and walking trail that goes around Lake Washington into Seattle. Redmond is part of the Lake Washington School District. It is known as the bicycling capital of the Pacific Northwest. Homes in Redmond tend to sell or rent very quickly, as a result of the red-hot real estate market surrounding Seattle. When searching for a place to live, expect plenty of competition KIRKLAND, WA Primarily an upscale residential community, Kirkland has eight miles of waterfront property on the shores of Lake Washington. The downtown district is full of upscale boutiques and art galleries as well as popular restaurants. There is also a newly built Performance Hall in the center of downtown Kirkland, which hosts musical and dramatic performances year-round. Housing in Kirkland are primarily single-family homes and have been selling for a median price of $755,000 in 2018. If looking to purchase or rent in Kirkland, time is of the essence, as properties can sell or rent very quickly. .

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report

Leasing a Property

TIPS

- In a competitive rental market, bring a completed rental application - including all necessary documentation - and a check for security deposit when visiting the property - Ask if the landlord offers any favorable terms for your employer - Come prepared with enough funds to pay for the first month of rent, plus the deposit amount. Deposit requirements vary, but can be equal to one-month rent (or more) - Be extra diligent when reviewing the lease from a private landlord. Unlike large apartment complexes, which generally have well established agreements, private landlords may be less experienced and may include unfavorable or unrealistic clauses - Ask a family member, friend, or colleague to come along with you on the move-in inspection to have an extra set of eyes

BE THOROUGH Be sure to review the lease! -

Rules about landlord access and your privacy

- -

Any maintenance required of tenant

Payment of utilities (typically tenant-paid)

BE PREPARED Many landlords and property management companies have very strict requirements for prospective tenants. Qualifying can at times be challenging and a bit frustrating. Most landlords will require some combination of these documents: - Identification - Letter of employment - Recent pay stub - Copy of your credit report

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report

RESOURCES

TRANSPORTATION Metro Transit provides transportation options for the Seattle area that includes busses, light rail, streetcars, trains, and water taxis that operate and connect throughout King County. Complete information can be found by clicking the link above, including fares, schedules, and parking. Trains Train/Link Light Rail are two trains that travel between UW Station and Angle Lake Station and the Tacoma link, that travels through downtown Tacoma. Buses Sound Transit is a public transit agency serving the Seattle metropolitan area, including bus travel between King, Pierce and Snohomish counties. Community Transit is the public bus service of Snohomish County, but excludes the city of Everett. Ferries Washington State Ferries is a government agency that operates automobile and passenger ferry service in the Seattle area, as a part of the Washington State Department of Transportation. More information can be found at the link above. Commute Alternatives The Commuter Alternatives Program helps you find inexpensive, stress-free and environmentally-friendly ways to get to work. Some examples are listed below and may vary by your office location. - Up to $150 per month Commuter Checks for vanpools and transit systems. (Interns will be provided with a Commuter Check MasterCard with a Transit Value of $350 to be used during their internship.) - Secure bicycle parking - Emergency Ride Home Program - Shuttle van between Adobe campus and public transportation - Special rates for ZipCar membership - Adobe Yearly transit pass provided at no cost - After you start your Adobe internship, you will also have access to the Adobe Fond program, which gives U.S. Adobe employees exclusive preferred pricing on over 850 products, services and experiences, including rental cars

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report

HOSPITALS AND EMERGENCY SERVICES Numerous hospitals and emergency care centers serve Seattle and its surrounding suburbs. From large, public clinics, to smaller establishments, care is never out of reach in Seattle. These medical centers include: - Evergreen Hospital - Harborview Medical Center - Northwest Hospital and Medical Center - Overlake Hospital - University of Washington Medical Center Urgent Care Facilities For urgent, but not life-threatening, medical concerns that occur after-hours, or cannot wait for an appointment with a regular physician, urgent care centers can be found throughout the area: - Immediate Clinic - West Seattle Convenient Care - U.S. Healthworks - ZoomCare Many urgent care centers are open from the early morning until late in the evening during the week, and also maintain weekend and holiday hours. Just as with a visit to the doctor, an urgent care center will always need your insurance information. Although the staff will file a claim to receive payment from your health insurance provider, a co-pay may apply at the time of treatment. SHOPPING Shopping in the Bay Area offers a fantastic overall experience, even if you are not buying anything. These malls and shopping centers are just some of what the Bay Area has to offer. Hospitals focusing on care of children include: - Seattle Children’s Hospital

Santana Row Shopping Center, San Jose www.santanarow.com

An open-air, multi-use center featuring upscale shopping, dining, lodging, and entertainment. Its unique experience is reminiscent of Las Vegas. The main boulevard of Santana Row features store fronts styled in an elegant, European facade.

Westfield Valley Fair Mall www.westfield.com/valleyfair

Valley Fair, and the adjacent Santana Row, combine to be the focal point of San Jose shopping. Valley Fair is one of the largest and busiest indoor malls in the state. With over 225 stores to choose from, you will be able to find a store to meet almost any buying need.

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report

LOCAL ATTRACTIONS

Space Needle www.spaceneedle.com

The Space Needle is an observation tower in Seattle, Washington, a landmark of the Pacific Northwest and an icon of Seattle. It was built in the Seattle Center for the 1962 World's Fair, which drew over 2.3 million visitors. Nearly 20,000 people a day used its elevators. Pioneer Square www.pioneersquare.org Art galleries, coffee shops and trendy bars fill Pioneer Square’s late-1800s Romanesque Revival buildings. Tourists explore subterranean streets on the guided Underground Tour and learn about Seattle’s roots at the Klondike Gold Rush National Historical Park. Office workers unwind in secluded Waterfall Garden Park or grab lunch from food trucks at Occidental Square, a plaza with bistro tables and bocce courts. Pike Place Market http://pikeplacemarket.org Pike Place Market is a public market overlooking the Elliott Bay waterfront in Seattle, Washington, United States. The Market opened August 17, 1907 and is one of the oldest continuously operated public farmers' markets in the United States. Safeco Field www.mlb.com/mariners/ballpark T-Mobile Park is a retractable roof baseball park is the home stadium of the Seattle Mariners of Major League Baseball and has a seating capacity of 47,715 for baseball. Queen Anne Hill www.visitseattle.org/neighborhoods/queen-anne Steep Queen Anne hill has a mix of commercial hubs and residential streets. Attraction-rich Seattle Center, in Lower Queen Anne, hosts cultural festivals. It's also home to the iconic Space Needle, with its observation deck, plus the Museum of Pop Culture and Chihuly Garden and Glass.

Elliot Bay Book Company www.elliottbaybook.com Full-service, multilevel bookstore with frequent author readings & events plus book clubs.

NIGHTLIFE Feeling adventurous? Here are some recommendations from our local destination consultants.

If you’re looking for a night out, www.visitseattle.org/things-to-do has options for just about anything you can think of. If food is what you’re looking for, visit one of Tom Douglas’ famous Seattle restaurants: Dahlia Lounge, Palace Kitchen, Serious Pie, and Assembly Hall. Also, Dick’s Drive-in is a famous burger joint that is “superior” to the famous In-and-Out.

Seattle is also known for having the most coffee shops and wineries. Woodinville is 30 minutes from downtown and has over 100 wineries to choose from.

DWELLWORKS DIRECT

For access to additional resources or to learn more about our rental assistance programs, please visit us at www.dwellworksdirect.com .

© 2019 Dwellworks, LLC

Seattle, WA Market Focus Report