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City of Ramsey 2030 Comprehensive Plan <br />Appendix A: Community Background <br />Wholesale Trade <br />8,204 <br />3% <br />Manufacturing <br />1,134 0% <br />Projected Employment <br />Growth by Sector <br />7 -County Twin Cities Region <br />2002-2012 <br />Const. <br />13,460 <br />5% <br />er Svcs <br />12,589 <br />5% <br />Education/Health <br />70,255 <br />26% <br />Fin./Insur./RE <br />14,587 <br />6% <br />Trans./Conor/Util. <br />19,403 <br />8% <br />Retail Trade <br />22,626 <br />9% <br />Hospitality <br />27,541 <br />11% <br />Prof./Bus. Svcs. <br />61,424 <br />24% <br />So urce: M innesota Department of Economic Development <br />Growth Characteristics of the Northwest Metro Related to Commercial Development <br />Office and Industrial Space Absorption (Multi -Tenant Space) 1998-2005 <br />Absorption of commercial and industrial space has been slow over the last seven years in the northern <br />portion of the metro area. Figure 3-23 shows that the amount of space absorbed has been relatively flat <br />for each property type with the exception of office/warehouse space, which has seen a 60 percent increase <br />in the amount of occupied space. Although absorption of new commercial space appears to be bleak, the <br />chart only covers a seven-year period in which both the industrial and office markets were very sluggish <br />and characterized by high vacancy rates and minimal new construction. <br />Another important point that the chart displays is how much office/warehouse space dominates the market <br />in Anoka County. Even if one were to add together office, office/showroom, and bulk warehouse space, <br />it would add up to about half of the amount of office/warehouse space. <br />Figure 3-23 - Occupied Office and Industrial Space (Anoka County) <br />City of Ramsey 2030 Comprehensive Plan Appendix A-30 <br />