MCU14/0106 Appendix K - Commercial Needs Assessment

1          Introduction
QIC Noosa Civic Pty Ltd owns the land on which Noosa Civic is located. This report has been prepared to
accompany a Development Application for the expansion of Noosa Civic. This report investigates the
demand for commercial office floor space at Noosa Civic.


1.1        OBJECTIVES
The specific objectives of this report are to:

   determine the future need for commercial office floor space at Noosa Civic over the period to 2031;

   compare this to the planning requirement for commercial office floor space at the centre to ascertain
    the appropriateness of the planning requirement; and

   provide a recommendation on the amount of commercial office floor space that should be provided for
    in the future development of the Noosa Civic over the period to 2031.


1.2        DEFINITIONS
There are a number of key terms used in this report for which the following definitions have been applied:

   Core Commercial Office Floorspace refers to a facility suitable for conducting commercial business
    of an administrative, managerial, clerical, or professional nature. The quantum of commercial office
    floorspace for each centre has been estimated based on the Urbis Land Use Survey conducted in
    July 2014. This estimate only takes into account core commercial office tenants, which demand
    commercial office floor space only.

   White Collar Workers are defined by occupation categories and include Professionals, Managers,
    Clerical and Administrative workers, Community and Personal Services workers, Education and
    Training workers, and Sales workers.

   Office Based White Collar Workers are a subset of White Collar workers and include those
    occupations that principally work in an office environment.


1.3        REPORT STRUCTURE
This report has been structured to provide a logical progression of research and analysis required to
assess the future need for commercial office floor space at the Noosa Civic over the period to 2031. This
is reflected in the following chapter structure:
 Section 1 Introduction: Provides a background to the report and an outline of the report’s purpose.

   Section 2 - Noosa Civic: Provides an overview of the location and local and regional context of the
    subject site

   Section 3 Noosa Civic Commercial Catchment Area: This section identifies the appropriate
    catchment area for this assessment.

   Section 4 Commercial Office Supply Analysis: Reviews and analyses the supply considerations
    influencing the office market in the catchment area.

   Section 5 Commercial Office Demand Drivers: Reviews and analyses the demand factors
    influencing the Noosa Civic catchment office market.

   Section 6 Noosa Civic Office Floorspace Demand Assessment: Provides an assessment of the
    future commercial office space requirements within the Noosa Shire Business Centre.




URBIS
REP_251114_NOOSA CIVIC COMMERCIAL NEEDS ASSESSMENT FINAL                                          INTRODUCTION   1