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MCU14/0106 & OPW15/0001 Compiled Information Request Response
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Sunshine Coast Commercial Office Space
FORECAST POPULATION AND EMPLOYMENT GROWTH TO 2031 TABLE 2
Forecast Total Growth
Unit 2013 2016 2021 2026 2031 2013 - 2031
Sunshine Coast Population People 330,500 353,400 394,300 435,000 475,800 145,300
Proportion 15+ % 82% 82% 82% 83% 84%
Population 15+ % 270,725 288,343 324,285 360,607 399,154 128,429
Participation Rate % 62.8% 62.8% 62.8% 62.8% 62.8%
Labour Force People 169,954 181,014 203,578 226,380 250,578 80,624
Jobs to Labour Force Ratio % 0.71 0.71 0.71 0.71 0.71
Total Jobs Jobs 120,667 128,520 144,540 160,729 177,911 57,243
% White Collar (Commercial) - Core % 20.0% 20.0% 20.0% 20.0% 20.0%
1
White Collar Employment Jobs 24,133 25,704 28,908 32,146 35,582 11,449
Floorspace per Job Sq.m 13.9 13.9 13.9 13.9 13.9
Estimated Office Floorspace Sq.m 335,455 m² 357,286 m² 401,821 m² 446,828 m² 494,592 m² 159,136 m²
Noosa Civic Catchment Market Share of Sunshine Coast % 11.3% 11.3% 11.3% 11.3% 11.3%
Demand Increase (5 yr intervals) sq.m 22,589 m² 2,464 m² 5,027 m² 5,080 m² 5,392 m²
Current Vacancy Rate (%) 11.9%
Current Vacanct Space 2,688 m²
Assumed Vacancy Rate (%) % 12.3% 12.3% 12.3% 12.3%
Assumed Vacant Space sq.m 303 m² 618 m² 625 m² 663 m²
Demand (Cumulative) - including vacancy sq.m 22,589 m² 25,356 m² 31,002 m² 36,707 m² 42,762 m² 20,173 m²
Current Floor Space Supply sq.m 22,589 m²
Net Additional Demand (Cumulative) - Noosa Civic Catchment Area sq.m 0 m² 2,767 m² 8,413 m² 14,118 m² 20,173 m² 20,173 m²
Noosa Civic @ 27% market Share % 27% 27% 27% 27% 27% 27%
Net Additional Demand (Cumulative) - Noosa Civic sq.m 0 m² 747 m² 2,271 m² 3,812 m² 5,447 m² 5,447 m²
Noosa Civic @ 50% market share % 50% 50% 50% 50% 50% 50%
Net Additional Demand (Cumulative) - Noosa Civic Centre sq.m 0 m² 1,384 m² 4,206 m² 7,059 m² 10,086 m² 10,086 m²
1. White co llar refers to white co llar wo rkers who demand co mmercial flo o rspace o nly. That is, teachers, altho ugh white co llar wo uld be excluded fro m this co unt
So urce : A B S; Demo graphy and P lanning, Office o f Eco no mic and Statistical Research, Queensland Treasury; SLA pro jectio ns (medium series); QIC ; Urbis
URBIS
NOOSA CIVIC - OFFICE REPORT - 6 MAY 2015.DOCX OFFICE DEMAND 5
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