Noosa Medihub - Economic Need Assessment (Mar-26) · MCU25/0119

                                                                   ECONOMIC NEEDS ASSESSMENT
                                                                                    MARCH 2026




6.0         Need and Impact Implications
The analysis presented in this report demonstrates that while there are many Indoor Sport
and Recreation tenancies contributing to local supply throughout Noosaville and the
surrounding local area, there remains need for additional supply and flexibility within
commercial spaces in order to respond to this need.


Expenditure and participation across sports, fitness, recovery and wellness activities has
increased substantially over the past five years, with a noticeable supply response in many
areas. This trend is expected to continue increasing, particularly in areas like Noosa where
there are higher proportions of self-funded and active retirees, as well as younger people
with relatively high household incomes and tourists/visitors to the area.


It is essential that there is flexibility and capacity offered across commercial space/tenancies
in order to support existing needs, ongoing growth in demand and the required supply
response, and the natural change in tenancies that will occur as a result of business closures
and new entrants within the Indoor Sport and Recreation sector.


The following provides a summary of the key need conditions supporting the proposed
opportunity for Indoor Sport and Recreation uses at the subject site:


Economic Need:
•   A comparison of supply and demand conditions across key Indoor Sport and Recreation
    activities demonstrates that there remains a market gap and need for additional supply
    within the trade area for indoor sport and recreation uses such as gyms, Pilates and
    yoga studios, and recovery/wellness facilities.
•   Demand and need conditions are supported by the growing local resident population
    as well as tourists in the local area, with tourists demonstrating strong demand for
    specific Indoor Sport and Recreation uses such as Pilates studios (as demonstrated by
    the location of supply).
•   Supply capacity and flexibility is required over the long term in order to maintain the
    opportunity for new market entrants in locations that can suitably respond to demand.
•   Providing opportunity for Indoor Sport and Recreation uses onsite increases support for
    related businesses, including new businesses that will contribute to economic growth.




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