Laserfiche WebLink
HOUSING DEMAND ANALYSIS <br />We estimate that 40% of the overall demand for memory care housing in the Elk River would <br />come from outside of Elk River. Demand from both inside and outside of Elk River totals 46 <br />memory care units in 2015. <br />We reduce the demand potential by the 30 competitive units (less a 93% occupancy rate). <br />Subtracting these competitive units decreases the excess memory care demand to 18 units. <br />Demand is calculated for 18 memory care units in the City of Elk River in 2015. Following the <br />same methodology, demand is calculated to increase to 28 memory care units through 2020. <br />MAXFIELD RESEARCH & CONSULTING, LLC 96 <br />