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LOCi CONSULTING ■ The rental rate is lower than the Metro Area by nearly 10 percentage points. ■ Areas closer to Downtown Centerville tend to have lower rental rates than the PMA as a whole. Daytime Population Figure 2.16 shows the daytime population for the drive -time rings, the Centerville PMA, and comparison areas. This data shows the base of workers in each area. Employment is a driver of demand both for multifamily housing and retail businesses. Market Analysis for Downtown Redevelopment City of Centerville Economic Development Authority April 3, 2023 ■ Daytime population can be broken down into residential population and worker population. Note that this data may underrepresent hybrid workers as it is built on surveys completed prior to and during the COVID19 pandemic. The data is still valuable because it is expected that many of these trends will continue with possibly more hybrid workers in the future. ■ The daytime population for the Downtown Centerville PMA is smaller than the resident population, meaning each day more workers commute out of the PMA than commute into it. ■ With about 95,000 people, the daytime population is about 15% lower than the resident population. 2.16 Daytime Population, 2022 5-Minute Drive Time 10-Miute Drive Time 15-Minute Drive Time Centerville ■ There are an estimated 43,000 workers in the PMA, both residents and commuters. ■ Map 2.17 shows the daytime population in the PMA. Each dot represents 25 people. Commute Shed LOCI Consulting reviewed commute shed data for the City of Centerville from the US Census Bureau's Longitudinal Employer -Household Dynamics data. The data includes all primary private jobs and is from 2019, prior to the COVID19 pandemic. Because of its vintage, the data may not reflect current commuting patterns. However, the data does provide directional information from a point - in -time estimate of commuting origin and destinations patterns for Centerville. ■ The top five work destinations for working residents of Centerville were Minneapolis (14.3%), St. Paul (9.0%), Blaine (4.8%), White Bear Lake (3.8%), and Centerville (3.1%). ■ The top five originations for workers in Centerville were Centerville (11.9%), Hugo (8.2%), St. Paul (6.7%), Blaine (5.4%), and Lino Lakes (4.3%). Daytime Daytime Resident Daytime Population: Population: Population Population Workers Residents 7,210 5,379 46,520 39,413 173,257 165,132 3,965 2,985 2,040 3,339 17,546 21,867 82,391 82,741 1,164 1,821 Downtown Centerville PMA 1 109,592 94,941 42,781 52,160 Source: US Census Bureau; ESRI; LOCI Consulting LLC Page 33