D - Economic Impact Assessment Addendum by Location IQ (6.08.19)

TABLE 1. LARGE FORMAT RETAIL & NON-RETAIL SHOWROOM FLOORSPACE
SUPPLY & DEMAND
 DEMAND                                                                    Current             Projected
 (a) Population                                                             2019      2021       2026       2031
 Primary Sector                                                            71,990    73,790     77,540     80,540
 Secondary Sector                                                          25,920    26,720     28,220     28,970
 Tertiary Sector                                                           41,530    42,330     44,080     45,830
 Total Trade Area (TTA)                                                    139,440   142,840   149,840     155,340
 (b) Floorspace Provision Benchmark per Capita
 Floorspace per Capita assumed in TTA                                        1.0       1.0        1.0        1.0
 (c) Floorspace Demand generated by TTA Residents = (a) x (b)               2019      2021       2026       2031
 Primary Sector                                                            71,990    73,790     77,540     80,540
 Secondary Sector                                                          25,920    26,720     28,220     28,970
 Tertiary Sector                                                           41,530    42,330     44,080     45,830
 Total Trade Area (TTA)                                                    139,440   142,840   149,840     155,340
 (d) Retention Rate                                                         2019      2021       2026       2031
 Primary Sector                                                             80%       80%        80%        80%
 Secondary Sector                                                           50%       50%        50%        50%
 Tertiary Sector                                                            90%       90%        90%        90%
 Total Trade Area (TTA)                                                    77.4%     77.4%      77.3%      77.4%
 (e) Total Trade Area Floorspace Demand Retained = (c) x (d)                2019      2021       2026       2031
 Primary Sector                                                            57,592    59,032     62,032     64,432
 Secondary Sector                                                          12,960    13,360     14,110     14,485
 Tertiary Sector                                                           37,377    38,097     39,672     41,247
 Total Trade Area                                                          107,929   110,489   115,814     120,164
 (f) Sales from Beyond Total Trade Area = (e - TTA) x 10%                   2019      2021       2026       2031
 @ 10% of Total Trade Area Demand                                 10.0%    10,793    11,049     11,581     12,016
 (g) Total Trade Area Floorspace Demand = (e) + (f)                         2019      2021       2026       2031
 Total Floorspace Demand within TTA                                        118,722   121,538   127,395     132,180
 SUPPLY                                                                    Current             Projected
 (h) Estimated LFR and Showroom Floorspace (Sq.m)*                          2019      2021       2026       2031
 Total Trade Area                                                          94,221    94,221     94,221     94,221
 (i) FLOORSPACE OVER/UNDER SUPPLY = (h) - (g)                               2019      2021       2026       2031
 Total Trade Area                                                          -24,501   -27,317    -33,174    -37,959
 Noosa Marketplace                                                          2019      2021       2026       2031
 (j) Noosa Marketplace LFR and Non-Retail Showroom Floorspace                0        8,780      8,780      8,780
 (k) as a % of projected TTA floorspace undersupply = (j) / (i)             n.a.     32.1%      26.5%      23.1%

 *Excludes Boat, Campervan, Car, Motorbike and Truck showroom floorspace
 Source: Location IQ




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