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Jon Sevald <br />City of Mounds View <br />April 24, 2023 <br />Page 2 <br />• Median home value, 2022 <br />• Commute shed data, 2019 <br />• Daytime population, 2022 <br />• Consumer spending in key categories, 2022 and 2027 <br />4. Provide thematic maps of study areas. <br />Market Analysis - Retail Uses <br />1. Discuss available 3ra party articles, studies, or data on retail and restaurant real estate. <br />2. Profile up to three traditional retail developments in or near the trade area. Collect data on tenant <br />mix, lease rates, development features, and occupancy. <br />3. Profile up to three mixed -use retail developments in or near the trade area. Collect data on tenant <br />mix, lease rates, development features, and occupancy. <br />4. Provide a map of competitive developments. <br />5. Profile existing retail and restaurant businesses in the market area. <br />6. Interview up to three regional experts. Sources could include local developers, commercial brokers, <br />or tenant representatives. <br />S. Identify planned or pending commercial real estate developments in the market area. <br />6. Provide forecasts of demand between 2022 and 2027 for: <br />• Restaurant and retail commercial space <br />7. Summarize findings from restaurant and retail analysis. <br />Preliminary Market Analysis - Multifamily Residential <br />1. Discuss available 3ra party data or studies on the current housing market. <br />2. Profile up to three general -occupancy multifamily developments and affordable rental housing <br />developments in or near the market area. Collect data on rents, unit sizes, occupancy, and features <br />and amenities. <br />3. Inventory senior housing units in the market area, provide data on location, senior housing type, and <br />number of units. <br />4. Identify pending general occupancy rental developments and senior housing developments in the <br />market area. <br />5. Provide forecasts of demand between 2022 and 2027 for: <br />• Market rate general occupancy rental apartments <br />• Affordable general occupancy rental apartments <br />• Age -restricted rental apartments <br />• Independent living senior housing <br />• Assisted living senior housing <br />• Memory care senior housing <br />6. Summarize findings from preliminary market analysis for apartments and senior housing. <br />Overall Market Potential and Recommendations <br />1. Summarize all findings. <br />2. Discuss market potential after 2027. <br />3. Discuss potential for mixed -use buildings at the site. <br />4. Provide recommendations. <br />