9. Appendix F - Economic Impact Assessment

  vii. Over the period to 2031, the total trade area population is projected to increase by 17,600 persons to
        155,340. If the large format retail floorspace demand is recorded at 1 sq.m per person, this would lead
        to an overall demand of large format retail floorspace of 155,340 sq.m by 2031, an increase of 17,600
        sq.m on the current demand. If there were to be no increases in the current supply of large format retail
        floorspace, this would lead to excess demand (or an undersupply) of over 61,000 sq.m of large format
        retail and non-retail showroom floorspace (by 2031).

TABLE 4.1. LARGE FORMAT RETAIL & NON-RETAIL SHOWROOM FLOORSPACE
SUPPLY & DEMAND

                                                       Current                       Projected
                                                        2018                2021       2026       2031

 Estimated Resident Population
 Primary Sector                                        71,090              73,790     77,540     80,540
 Secondary Sector                                      25,520              26,720     28,220     28,970
 Tertiary Sector                                       41,130              42,330     44,080     45,830
 Total Trade Area (TTA)                               137,740              142,840   149,840     155,340

 Estimated LFR and Showroom Floorspace*
 Primary Sector                                        52,566              52,566     52,566     52,566
 Secondary Sector                                       9,020               9,020      9,020      9,020
 Tertiary Sector                                       32,635              32,635     32,635     32,635
 Total Trade Area (TTA)                                94,221              94,221     94,221     94,221

 TTA LFR/Showroom Floorspace Demand (sq.m)

 Low (@0.9 sq.m per person)                           123,966              128,556   134,856     139,806
   • LFR Floorspace Growth per Annum                                        918       1,260       990

 Medium (@1.0 sq.m per person)                        137,740              142,840   149,840     155,340
   • LFR Floorspace Growth per Annum                                       1,020      1,400      1,100

 High (@1.1 sq.m per person)                          151,514              157,124   164,824     170,874
   • LFR Floorspace Growth per Annum                                       1,122      1,540      1,210

 TTA LFR Floorspace Over/Under Supply
 Low                                                   -29,745             -34,335    -40,635    -45,585
 Medium                                                -43,519             -48,619    -55,619    -61,119
 High                                                  -57,293             -62,903    -70,603    -76,653

 Over / Under Supply
 *Excludes Boat, Campervan, Car, Motorbike and Truck showroom floorspace
 Source: Location IQ




        Noosa Marketplace, Queensland
        Economic Impact Assessment                                                                          56
        May 2019