Agenda - Parks and Recreation Commission - 04/10/2014

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City of Ramsey 2030 Comprehensive Plan Appendix A: Community Background Figure 3-25 - Potential Job Growth in Ramsey By Type of Sector 2000-2010 Industrial -based jobs (11% of total) 296 Otic -based jobs (40% of total) 1,077 All other jobs (49% of total) 1,319 Fbtential New R arrsey.bbs 2,692 SDurce: Met Coundl; Bonestroo 2010-2020 264 960 1,176 2,400 2020-2030 242 880 1,078 2,200 Using Urban Land Institute (ULI) standards of 250 square feet needed for every office worker and 750 square feet needed for every industrial worker, results in the following potential space needs for Ramsey: 2000-2010: 222,000 square feet of industrial space and 270,000 square feet of office space 2010-2020: 200,000 square feet of industrial space and 240,000 square feet of office space 2020-2030: 182,000 square feet of industrial space and 220,000 square feet of office space. Total 2000-2030: 604,000 square feet of industrial space and 730,000 square feet of office space Land Area Projections — Industrial and Office Uses Translating these projections into land area needed for industrial and office uses, yields the following acreages. For industrial uses, we assume a floor area ratio (FAR) of 0.4, which means the floor area of a building is equal to 40% of the total lot area. For office uses, we assume an FAR of 0.3, meaning the total floor area of all floors in an office building is equal to 30% of the lot area. Industrial Land Area Projections FAR 0.4 2007-2010 2010-2020 2020-2030 Total 54 Ft 66,000 200,000 182,000 448,000 Acres 4 11 10 26 Office Land Area Projections FAR 0.3 2007-2010 2010-2020 2020-2030 Total 3i R 81,000 240,000 220,000 541,000 Acres 6 18 17 41 Projected Demand for Retail in Ramsey Based on non-residential building permit data from 2002 to 2004 compiled by the Metropolitan Council, the 7 -County Twin Cities Metro Area has absorbed approximately 11 1 million square feet of retail space during this three-year period. This translates to an annual average of about 3.7 million square feet. Demand for retail space is strongly correlated with household growth, which drives consumer spending. Therefore, much of the forecasted demand for retail in Ramsey will be related to overall household growth. Although certain forms of retail, such as regional shopping centers, can draw customers from a very large trade area, the majority of retail space is geared toward neighborhood residents who make frequent trips to regular stores within a convenient distance of their residence. City of Ramsey 2030 Comprehensive Plan Appendix A-33