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~ OF ~ ~ INr~3STR~AL E~Xrf~)l~gT 1980-86 <br /> <br />Year Number of Permits Total Square Feet <br /> <br />1980 4 28,280 <br />1981 5 57,662 <br />1982 4 11,290 <br />1983 4 32,772 <br />1984 8 47,001 <br />1985 15 97,494 <br />1986 9 33,848 <br /> <br />Annual Average <br /> <br />7 44,050 <br /> <br />Source: City ofRamsey <br /> <br />However, in t. he northwest sector c~ly 90 acres of that industrial lar~ is <br />located in industrial parks. Industries, like families, look for planned <br />neighbo~s. ~ is par~~ly ~e in t~ o~mext of the cnang~ <br />nature of industrial builcl~ and complexes. More emDhasis is bein~ placed <br />on high quality, curb appeal an~ ~ relationships. ~he result is that <br />industrial buildings are shifting away from bulk buildings to <br />office/warehouse or office/manufacturing ccmbinations which ~ the <br />proportion of office space to total nonoffice space. <br /> <br />Office/warehouse facilities and industrial facilities in the area are <br />running at about a 24 percent vacancy rate, somewhat less than the <br /> <br />and ~_~-occ~0ied than general cc~=~.~cial facilities. <br /> <br />Figure 5 depic~ the ~.rial park locations a_~ the me~spo!i+~_n area <br />~nd a summary of scme of ~ cc~le Lndustria! facilities. Metabolic!iran <br />area ~ria! park lar~ sells for a scm~=what P,i~_r per-s~. ~e-foc~ am~t <br /> <br />between $1.50 and $2.50 a s~e foot or $60,000 ~o $90,000 an a~-e. Full <br />urban service ~_ndustrial land in Ramsey will be har~ pressed ~o <br />signific~2nt!y c~~. t_hat l~nd .price? <br /> <br />Additionally, office/service and office/~h~cc~n facilities are r~Lng <br />office space for $9.00 a squa_we foot and $6.00 a s.uuare foot for <br />sho%~oom/war~house. Again, to be competitive, comparable prices are <br />pl~bab!y $6.50 and $3.00 per sq.~are foot wP~h are v~-'~.ily impossible to <br />achieve %~th any kind of ~3~rg. <br /> <br />Despite tine scme~..~t pessimis-.ic o~,look to overo~m~ .-~gicm~! loca~ion, <br />r-hare are some bright <br />facilities can be less locationally s~nsitive than o~her population-driven <br />uses. Their na~ds are for less exp~nsive land, major ~-~nsportation <br /> <br />15 <br /> <br /> <br />