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r. vt~l~i Trit lL` CiTIViMAi2V <br />DEMAND SUMMARY <br />ADDITIONAL DEMAND FOR RETAIL AND INDUSTRIAL SPACE <br />GATEWAY BUSINESS CENTER <br />ELK RIVER <br />MARCH 2007 <br />...2006- to 2015 <br />Total Annuall <br />Retail Buildings <br />City of Elk River 376,300 Sq. Ft. 41,800 Sq. Ft <br />Gateway Business Center 3,800 Sq. Ft. 400 Sq. Ft <br />2006 ta'2015 <br />Total Annually ~ <br />Industrial Buildings <br />City of Elk River 784,800 Sq. Ft. 87,200 Sq. Ft <br />Gateway Business Center 259,200 Sq. Ft. 28,800 Sq. Ft <br />Industrial Acreage <br />City of Elk River 106.0 Acres 11.8 Acres <br />Gateway Business Center. 35.0 Acres 3.9 Acres <br />* Data is summarized from demand calculations shown in Tables 10 and 21. <br />Data is adjusted slightly to make time comparisons the same. <br />Source: Maxfield Research Inc. <br />Industrial Conclusions <br />The following findings summarize our conclusions on industrial space demand at the Gateway <br />Business Center. <br />- Overall; the Site has excellent qualities for industrial use. It has excellent access to Highway <br />10, a key feature that industrial businesses would consider to be desirable. <br />- The surrounding uses aze compatible with industrial uses. In addition, the Site's proximity <br />to the proposed Northstaz Commuter Rail station would expand the potential labor pool for <br />employers located at the Gateway Business Center. <br />MAXFIELD RESEARCH INC. 11 <br />