Appendix | 327
Exhibit VI-8
RETAIL DEMAND
DOMINION STUDY AREA
2014-2035
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 TOTAL
NoEmploymentCenterScenario
AnnualBaseHouseholdChange
1
44
117
217
257
240
223
214
232
216
203
187
167
170
156
149
147
150
158
153
153
151
154
3,860
RetailSF/NewHousehold
2
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
NewRetailSFDemanded
3,760 9,936 18,363 21,775 20,285 18,913 18,108 19,675 18,293 17,155 15,809 14,139 14,409 13,164 12,649 12,478 12,696 13,359 12,933 12,978 12,806 12,999 326,682
AdditionalSF (tourist,drive-by, employee)
10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%
TotalStudyAreaBaselineRetailSpace
4,136 10,930 20,199 23,953 22,314 20,804 19,919 21,642 20,122 18,870 17,390 15,553 15,850 14,480 13,914 13,726 13,966 14,694 14,227 14,276 14,086 14,298 359,350
EmploymentCenterScenario
AnnualBaseHouseholdChange
1
44
117
240
278
259
241
245
261
243
228
209
207
211
192
185
182
186
195
189
190
187
190
4,480
RetailSF/NewHousehold
2
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
85
NewRetailSFDemanded
3,760 9,936 20,295 23,533 21,923 20,427 20,722 22,118 20,565 19,286 17,701 17,495 17,829 16,288 15,652 15,440 15,710 16,529 16,003 16,059 15,845 16,084 379,201
AdditionalSF (tourist,drive-by, employee)
20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0% 20.0%
TotalStudyAreaBaselineRetailSpace
4,512 11,923 24,354 28,240 26,307 24,512 24,867 26,542 24,678 23,143 21,241 20,994 21,394 19,546 18,782 18,528 18,852 19,835 19,204 19,271 19,015 19,301 455,041
1
Basedupon the for-sale and rentaldemand for the study area in theemployment center and no employment center scenarios
3
Basedupon comparisonof total retail square feet inMSA perCREED (54M) to total households perEsri (640K). It equals 85SF/HH
Exhibit VI-8
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
