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Northeast Ohio Regional Retail Analysis

Executive Summary

Northeast Ohio Regional Retail Analysis

Proposed Development

Map 6 indicates the distribution of the new retail projects in the region. A total of over ten million square feet is being proposed - a figure that virtually matches the ten million square feet of vacant retail space currently available in the region, recognizing, however, that some of the vacant space is poorly located or functionally obsolete.

New and Proposed Developments
Map 6. New and Proposed Retail Development
SOURCE: Retail Strategies, Inc; Northeast Ohio Regional Retail Analysis

 

New and Proposed and Surplus/Deficit
Map 7. New and Proposed Convenience and Shopping Development Locations and Existing Floor Space Surplus/Defecit
SOURCE: Retail Strategies, Inc; Northeast Ohio Regional Retail Analysis

The location of many of the new projects does not match with areas which have a deficit of retail space. Map 7 clearly indicates that many of the projects are proposed for areas which currently have a surplus of floor space. Map 8 illustrates the potential "drawing power" of the eleven largest proposed projects.

Patronage Probability, Proposed-Previous
Map 8. Patronage Probablity, Convenience and Shopping Goods, Difference: Proposed Minus Previous Development
SOURCE: Spatial Insights, Inc.

 

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