MCU14/0106 & OPW15/0001 Appendix B - Retail Needs Response

Introduction

This report is in response to the Information Request issued by Noosa Council on 12" February 2015 in

relation to Application No. MCU14/0106 & OPW15/0001.

The matters referred to herein relate to the issues raised and the information required that refer to the

Retail Needs Assessment prepared by Urbis in December 2014.

For convenience and clarity we have adopted sub headings that relate to the issues raised by Council.

The sections of this report relate to logical topic areas that align with the issues raised, and are as follows:

1. Trade Area and Expenditure
- Definition
- Expenditure Propensity
- Real Growth Rate
- Visitor Expenditure
2. Vacancy Analysis
- Noosa Civic
- Vacancy Rates
- Centres Analysis
3. Intercept Surveys
- Noosaville Methodology
- Maroochydore PRAC
4. Transaction Data
- Quantium Methodology
5. Needs Analysis
- Target closure
- Benchmarks
6. Impact Analysis
- Proposed Developments
- Productivity
- Floorspace Deficit
- Centres Network
7. Consumer Travel
- Non-standard Parameter Values
8. Employment Effects
- National Accounts Input-Output Data
9. Catalyst for Future Diversified Development
~- Retail as a Driver of Activity
- Synergy of Uses
10. Conclusions
- Efficacy of Original Retail Needs Assessment

URBIS
NOOSA RESPONSE REPORT - RETAIL ECONOMICS JUNE 2015 V2

INTRODUCTION 1