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Table D
<br />Commercial /Industrial Square footage Building Rates to
<br />Absorb Commercial/Industrial Property Over a Specific Period
<br />
<br /> Option 4 Option 5 Option 6 Option 7 Option 7A Existing
<br />15 years 459,413 577,315 527,512 764,333 604,758 1,295,910
<br />30 years 229,706 288,658 263,756 382,166 302,379 647,955
<br />40 years 172,280 216,493 197,817 286,625 226,784 485,966
<br />50 years 137,824 173,195 158,253 229,300 181,427 388,773
<br />60 years 114,853 144,329 131,878 191,083 151,190 323,978
<br />70 years 98,446 123,710 113,038 163,786 129,591 277,695
<br />80 years 86,140 108,247 98,908 143,312 113,392 242,983
<br />90 years 76,569 96,219 87,919 127,389 100,793 215,985
<br />1130 years 68,912 86,597 79,127 114,650 90,714 194,387
<br />
<br />Since the comprehensive plans are generally updated every 10 years, the supply of property for
<br />build-out should be longer than the 10-year period to allow for continued development. Based
<br />upon this analysis, the City should review the following possibilities for revision to the proposed
<br />Land Use Plan:
<br />
<br />Reduce the total amount of commercial/industrial property to reduce the length of
<br />absorption.
<br />
<br />Property removed from commercial/industrial should be added to single family residential
<br />property.
<br />
<br />Review look of community as it relates to level of multi-family housing stock compared to
<br />single family housing.
<br />
<br />
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