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Commercial Office Estimated commercial office absorption by five-year periods is contained in Table vii. During the period 2005 through 2009, Prior Lake is estimated at 77,000 square feet and increases to 376,000 square feet in the 2020 to 2025 time period. Assuming 12,000 square feet per acre results in about 70 acres ofland to accommodate commercial office. Table vii COMMERCIAL OFFICE DEVELOPMENT POTENTIAL ESTIMATED ABSORPTION AND ACRES (In Thousands of Square Feet) Southwest Acres Metro Submarket Prior Lake @ 12,000 Period Area (Q)25% Percent Sq.Ft. Sq.Ft. 2005 - 2009 10,234 2,559 3.0 % 77 7 2010 - 2014 11,987 2,997 5.0 150 12 2015 - 2019 14,031 3,508 7.5 263 21 2020 - 2025 20,031 5,008 7.5 376 30 Total 866 70 Source: McComb Group, Ltd. Summary Additional demand for office and business park land in Prior Lake through 2025 is summarized in Table viii. Prior Lake office industrial land demand includes office warehouse, office showroom, commercial office, professional services, and health care. The mid range estimates for office warehouse and office showroom are 23 and 49 acres, respectively. Commercial office is the largest category with an estimated 70 acres. There are some professional services and health care uses that occupy office buildings. The mid range demand for these categories are estimated at six and nine acres, respectively. Table viii PRIOR LAKE ESTIMATED LAND DEMAND: 2005 TO 2025 Type Office Warehouse Office Showroom Office Services Health Care Total Low 20 42 60 5 7 134 Acres Mid Range 23 49 70 6 9 157 High 27 57 81 7 11 183 Source: McComb Group, Ltd. These land demand forecasts are realistic and reflect the fact that Prior Lake is interested in knowing the potential for business park development and its better to be optimistic for this purpose. Low range estimates are 15 percent below the mid range and high range estimates are xii