Orange County NC Website
Browse       Search
MARKET ANALYSIS 52 <br /> HOUSING MARKET ANALYSIS <br /> 14. Population(pop.)in Development Market Area <br /> Current and Projection Year Projected <br /> Total pop.-if below age groups unavailable Current Pop. Future Pop. <br /> By age group(if available) <br /> 15-24 177180 168000 <br /> 25-34 209360 206100 <br /> 35-44 192880 213000 <br /> 45-54 134350 181900 <br /> 55-64 117720 123600 <br /> 65 and older 159750 184100 <br /> 15. Estimated cumulative number of housing units that will be available <br /> in market area from the current year to the projection year <br /> (excluding this development) 42,575 Units <br /> RETAIL MARKET ANALYSIS <br /> 16. Projected Total Population Change*in Project Retail Market Area <br /> to the Projection Year 57,900 Persons <br /> 17. Per Capita Income(market area) $20,277 Current Year <br /> 18. Projected Change*in Supply of Retail Space in Market Area <br /> (not including project) <br /> Shopping 1,000,000 sq.ft. <br /> Convenience 250,000 sq.ft. <br /> *from current to projection year <br /> OFFICE MARKET ANALYSIS <br /> 19. Total Employment Levels Office Market <br /> National State Area <br /> 1980-Beginning Base Year 96,939,000 2,991,255 425,873 <br /> 1991-Ending Base Year 116,258,143 3,756,693 547,360 <br /> End/Projection Year(nat.only) 125,137,325 - - <br /> 20. Projected Cumulative Supply of Office Space to Be <br /> Available in the Office Market Area(not including this <br /> development)[Current to Projection Year] 10,500,000 sq.ft. <br /> 21. Total Employment in Office Market Area in the <br /> Current Year 569,360 employment <br /> SOCIAL ANALYSIS <br /> 22. Development Composition:Population Profile Multipliers School-Age Children Multipliers <br /> Preschool-Age Elementary JHS HS <br /> Children Pupils Pupils Pupils <br /> Unit Type and Size Persons/Unit Multipliers (K-6) (7-9) (10-12) <br /> Single-Family 2 bedroom 2.398 0.214 0.134 0.034 0.035 <br /> 3 bedroom 3.086 0.372 0.424 0.125 0.116 <br /> 4 bedroom 3.771 0.379 0.686 0.252 0.200 <br /> 5 bedroom 4.457 0.607 0.729 0.232 0.310 <br /> Garden Apartment 1 bedroom 1.349 0.022 0.015 0.013 0.000 <br /> 2 bedroom 2.153 0.180 0.173 0.069 0.063 <br /> 3 bedroom 2.909 0.174 0.483 0.086 0.266 <br /> Townhouse 2 bedroom 2.052 0.161 0.077 0.007 0.022 <br /> 3 bedroom 2.813 0.357 0.257 0.059 0.127 <br /> 4 bedroom 3.437 0.364 0.415 0.586 0.220 <br /> 272 <br />