New York Avenue Corridor Strategy Adopted Report New York Avenue Corridor Strategy Adopted Report | Page 50
MARKET CONDITIONS
Office Demand
Estimated
Growth Rate
2012-2022 Estimated
2022
Employees Estimated
New
Employees Natural Resources, Mining and Construction 9,969 1.5% 11,569 1,600 40% 640 200 128,028 5% 6,401
Manufacturing 15,450 1.5% 17,931 2,480 5% 124 200 24,804 5% 1,240
Trade, Transportation and Utilities 34,477 1.5% 40,012 5,535 10% 553 200 110,698 5% 5,535
Information 2,243 1.5% 2,603 360 80% 288 200 57,624 5% 2,881
Financial Activities 9,395 1.5% 10,903 1,508 90% 1,357 200 271,492 5% 13,575
Professional and Business Services 17,727 1.5% 20,573 2,846 80% 2,277 200 455,357 5% 22,768
Educational and Health Services 19,633 1.5% 22,785 3,152 20% 630 200 126,079 5% 6,304
Leisure and Hospitality 16,125 1.5% 18,714 2,589 10% 259 200 51,775 5% 2,589
Other Services 5,347 1.5% 6,205 858 30% 258 200 51,504 5% 2,575
Government 20,173 1.5% 23,412 3,239 30% 972 200 194,317 5% 9,716
Totals 150,540 1.5% 174,708 24,168 -- 7,358 200 1,471,678 5% 73,584
Industry Category
Estimated Net
Estimated % in New Office
Office Space
Employees
Sq Ft per
Office
Employee
Estimated
Estimated
New York
New York
Estimated 10-
Avenue
Avenue Office
yr Office
Demand
Capture Rate Capture (s.f.)
Estimated
2012
Employees
Figure 3.19 Office Demand
Source: NCTCOG; U.S. Census; and Ricker│Cunningham.
Industrial Demand
Estimated
Growth Rate
2012-2022 Estimated
2022
Employees Estimated
New
Employees Natural Resources, Mining and Construction 9,969 1.5% 11,569 1,600 20% 320 400 128,028 5% 6,401
Manufacturing 15,450 1.5% 17,931 2,480 80% 1,984 400 793,733 5% 39,687
Trade, Transportation and Utilities 34,477 1.5% 40,012 5,535 90% 4,981 400 1,992,565 5% 99,628
Information 2,243 1.5% 2,603 360 20% 72 400 28,812 5% 1,441
Financial Activities 9,395 1.5% 10,903 1,508 5% 75 400 30,166 5% 1,508
Professional and Business Services 17,727 1.5% 20,573 2,846 10% 285 400 113,839 5% 5,692
Educational and Health Services 19,633 1.5% 22,785 3,152 10% 315 400 126,079 5% 6,304
Leisure and Hospitality 16,125 1.5% 18,714 2,589 5% 129 400 51,775 5% 2,589
Other Services 5,347 1.5% 6,205 858 10% 86 400 34,336 5% 1,717
Government 20,173 1.5% 23,412 3,239 20% 648 400 259,090 5% 12,954
Totals 150,540 1.5% 174,708 24,168 -- 8,896 400 3,558,423 5% 177,921
Figure 3.20 Industrial Demand
Source: NCTCOG; U.S. Census; and Ricker│Cunningham.
Demand Summary
Land Use Type
Residential (Units):
Single Family Attached (Ownership)
Multi-Family (Rental)
Residential Total
Non-Residential (SF):
Retail
Employment
Non-Residential Total
Source: Ricker│Cunningham.
Sq Ft per
Industrial
Employee
Estimated
New York
Avenue
Industrial
Capture (s.f.)
Estimated
2012
Employees
Industry Category
Estimated % in Estimated Net
Industrial
New Industrial
Employees
Space
Estimated
New York
Estimated 10-
Avenue
yr Industrial
Demand
Capture Rate
Trade Area Demand
(10 Year)
Market Share
Low
New York Avenue Corridor
10-Year Absorption (Units/SF)
High
Low
High
6,937
10,939
17,876 4%
4% 6%
6% 277
438
715 416
656
1,073
1,375,149
5,030,101
6,405,250 4%
4% 6%
6% 55,006
201,204
256,210 82,509
301,806
384,315
Figure 3.21 Demand Summary
ARLINGTON, TEXAS
42