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giver <br />MEMORANDUM <br />TO: EDA Marketing Committee <br />FROM: Annie Deckert, Economic Development Assistant <br />Catherine Mehelich, Director of Economic Development <br />DATE: 23 February 2008 <br />SUBJECT: Discuss Available Commercial & Industrial Space <br />Attachments <br />• Draft January 12t", 2009 EDA minutes <br />• Star News article - "City marketing committee will inventory retail space", <br />January 21, 2009 <br />~.%~-~• Property Availability Summary - MNCAR data as of February 2009 <br />• NorthMarq -Commercial Real Estate Market Report, January 2009 <br />Purpose <br />At their January 12t", 2009 meeting, the EDA discussed goals and projects for <br />2009. One of the goals is to inventory available commercial/industrial (C/I) space <br />in the City and market via the city's website. <br />In addition, the EDA directed the EDA Marketing Committee to: <br />• Discuss the inventory of C/I vacancies and conditions in Elk River <br />• Evaluate current marketing efforts <br />• Advise EDA of any additional marketing options, particularly retail space <br />Background <br />Available C/I Data for Elk River and Surroundin_ Cq ities <br />On January 12t", 2009, the EDA discussed a concern about the amount of vacant <br />retail/commercial space in Elk River. Attached you will find reports depicting <br />