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Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />7.3Senior Housing Demand for Downtown Centerville, 2022-2027 <br />Estimated Demand (Units) <br />Market-Rate Active Adult <br /> For-Sale Senior Housing40-50 <br /> Rental Senior Housing10-20 <br />Market-Rate Independent Living/Congregate25-35 <br />Market-Rate Assisted Living <br /> Assisted Living0-0 <br /> Memory Care10-20 <br />Source: LOCi Consulting LLC <br /> <br />Retail Space Demand Estimates <br /> <br /> <br /> <br /> <br /> <br />7.4Demand for Retail Space Downtown Centerville, 2022-2027 <br />Estimated Rent per Estimated Demand <br />Square Foot per Year(Square Footage) <br />Retail Commercial Space <br /> Supporting Sales of $300 to $400 per Square Foot$20-$302,300-5,700 <br />Source: LOCi Consulting LLC <br /> <br /> <br />Page | 88 <br /> <br />