Laserfiche WebLink
G. A field audit of active competitive retail space to determine specific retail center <br />locations, major tenants, lease rates, vacancy, absorption experience, and profiles of <br />satellite stores including number, type of tenant, and store size. <br />H. A review of proposed development activity within the CMA to assess the future <br />competitive posture of the marketplace for commercial retail development. <br />I. A review of such site and locational factors as adjacent land uses, perceived identity of <br />the site, ingress and egress, relationship to other commercial retail locations, <br />accessibility, visibility, traffic counts at major intersections, proposed new street and <br />highway construction, and other salient characteristics. <br />CONCLUSIONS AND RECOMMENDATIONS <br />Based upon a synthesis of the economic and field data analysis, the following conclusions and <br />recommendations will be specified in the report: <br />A. A projection of retail sales per capita by retail outlet category in the CMA over the next <br />five years. <br />B. A description and assessment of the characteristics of the most competitive and <br />comparable retail projects in the CMA. <br />C. Definition of the primary and secondary business types that will be attracted to the project. <br />D. A description of the general project parameters that will take optimum advantage of the <br />identified markets of opportunity, including overall development concept, supportable <br />square footage, and optimum lease rate/pad pricing. <br />E. Projection of absorption rate of retail space. <br />F. Determine viability of land use within a mixed use development. <br />A-17 <br />