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Last modified
7/17/2007 9:25:33 AM
Creation date
5/13/2005 4:37:49 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10285
Resolution Title
AUTHORIZING CONTINUATION OF THE CONTRACT FOR EXCLUSIVE NEGOTIATIONS BETWEEN THE CITY OF ROSEVILLE, MINNESOTA AND THE ROTTLUND COMPANY, INC. FOR THE TWIN LAKES REDEVELOPMENT AREA
Resolution Date Passed
3/14/2005
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<br /> <br />ompetitive Market Area <br />emand for Office Space, 2005-2010 <br /> <br />Gross RanCle. 2005-2010 <br /> <br />Annu <br /> <br />m Business & Employment Growth <br /> <br />nployment Growth, Twin Cities Metro Area, 2005-2010 1 <br />lated % "Office" Jobs 2 <br />jeded "office" employment growth, 2005-2010 <br />200 square feet per employee <br />jeded regional demand for office space 2005-2010 (Sq. Ft.) <br />nated Market Share for Northeast Sector 3 <br />jeded Positive Absorption in Northeast Sector (Sq. Ft.), 2005-2010 <br />'ent Excess Vacancy (to brinq sector from 14% to 7% vacancy) <br />. <ed Demand for New Office Space in Northeast Sector (Sq. Ft.), 2005-2010 <br /> <br /> Low HiQh Low <br /> 125,000 to 125,000 25,000 to <br />x 30% to 35% to <br />= 37,500 to 43,750 3,750 to <br />x 200 200 <br />= 7,500,000 to 8,750,000 750,000 to <br />x 16% 18% <br />= 1,200,000 to 1,575,000 120,000 to <br /> 475.000 475,000 <br /> 725,000 to 1,100,000 72,500 to <br /> <br />ew of projections by MN Workforce Center, Twin Cities Met Council, and regional economists <br />~w of current employment and projected employment growth by industry sector - per MN Workforce Center <br />:tor capture rate is based upon analysis of the Northeast Sector share of regional office space and also its share of regionwide office absorption 1995 to present. <br /> <br />. Marquette Advisors <br />
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