1 st Quarter Report City of Chandler - Economic Development Division
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1 Fiscal Year Assisted Projects Locates Sites Industrial Covance Gilbert Rd & Queen Creek Rd Cintas Corporation Arizona Ave & Warner Rd Qualcomm Kyrene Rd & Chandler Blvd Fresh & Easy Neighborhood Market Kyrene Rd & Ray Rd Fresh & Easy Neighborhood Market Arizona Ave & Chandler Heights Marjerle s Sports Grill Chandler Fashion Center Ross Dress for Less Arizona Ave & Ocotillo Rd DD s Discounts Alma School Rd & Ray Rd Famous Footwear Arizona Ave & Ocotillo Rd Bella Vino Alma School & Chandler Heights Bravi Tuscan Ono Hawaiian BBQ Qdoba Loop 11 & Ray Rd Quizno s Firehouse Subs Loop 11 & Ray Rd Cold Stone Creamery Edible Arrangements Loop 11 & Ray Rd $7, $, $5, $4, $3, $2, $1, $ Average Salary $23,734 $57,28 $31,979 $53,278 1,4 1,2 1, $1 $14 $12 $1 $8 $ $4 $2 $ $5 $18 $17 $74 $3 $45 $4 $144 $18,218 $19,8 $14 $12 $1 $8 $ $4 $2 $ $44,875 $4, Jobs Created 319 1, Capital Investment Square Footage 319 $ $ $9 77 $131 $35 $3 $4 257 Target Annual Payroll Target $22
2 Fiscal Year Sales Missions ULI - Top 1 Intersections in Metro Phoenix August 29, 27 - Phoenix, AZ ACCE/GPEC Sales Mission September 1-11, 27 - San Diego, AZ NBAA th Annual Meeting & Conference September 25-27, 27 - Atlanta, GA ICSC Western Regional Conference September 19-21, 27 - San Diego, CA , 2, 15, 1, 5, ED Visits & Homepage 23,22 4,495 15,89 13,29 3,91 Clients & Referrals 2 15 Leads 1 Prospects 4,97 1,25 4,155 17,94 4,377 Q1 Economic Development Homepage Combined ED Quarterly Totals ,5 2, 1,5 1, 5 Top 1 ED Sites Visited Q Market Quality of Life Opportunity Analysis 2 3 Highlights Chandler Airpark Reports & Publications Business Environment Population Demographics Small Business Resources Industrial Opportunities Historic Dow ntow n Chandler GPEC Direct Chamber Trade Show Other Broker Developer Direct Call Trade Show Other Leads Prospects
3 Fiscal Year Market Summary (SF in millions) Industrial % 1.4% 7.7% 8.2% 8.% 7.% 5.5% 4.9% % 1% 8% % 4% 2% % Office 2% % 17.4% % % 14% % 12.2% 1.5% 12% % 1.7% 1% 8 9.8% 8% % %.4 2% 2 % %.3% 5.9% 5.% 5.8% 5.5% 5.9% 5.2% % % 5% 4% 3% 2% 1% % Source: Costar Property Absorption (SF in thousands) FY -7 FY 7-8 Industrial Office Source: Costar Property $5, $45, $4, $35, $3, $25, $2, $15, $1, $5, $ Real Estate Trends Median Home Prices Average Monthly Increase in Housing Unit s Month New Single Family New Multi-Family July 9 8 August 49 September Source: Chandler new homes Maricopa new homes U.S. new homes Chandler Planning & Development Department Chandler resale Maricopa resale U.S. resale Q1 FY -7 FY 7-8
4 Fiscal Year % Workforce Analysis 3.3% 3.4% 2.5% 3.% 2.3% Chandler w orkforce Chandler employment Chandler unemployment rate Pheonix-Metro unemployment rate 2.9% 2.2% FY -7 FY 7-8 Source: Arizona Dept. of Economic Security Economic Trends 4.% 3.5% 3.% 2.5% 2.% 1.5% 1.%.5%.% $1. $14. $12. $1. $8. $. $4. $2. $. Commercial & Residential Property Tax $. $13.8 $2.1 $1.3 $1.3 Q1 FY -7 FY 7-8 Sales Tax 3, 25, 2, Chandler Demographics 273, 28, 248,5 Buildout Current Population , 1, 5, Q1 FY5- FY-7 FY 7-8
5 Fiscal Year DOWNTOWN REDEVELOPMENT Business Assistance Downtown Improvement Fund Kizake $5, Sushi Eye Belt $5, Light Rain Images $5, Latitude 8N $5, Vivi s Boutique $5, Façade Conservation Program 91 & 95 W Boston $18, Staff Assisted Projects ICSC Western Regional Conference September 19-21, 27 - San Diego, CA IEDC Annual Conference September 1-19, 27 - Phoenix, AZ S. Arizona Ave Corridor presentation to Colliers Intl. July 24, 27 - Vision Gallery MV&E selected as master planning/design consultant in Sites 4-5- City/Desert Viking partnership TriStar selected for South Arizona Ave Corridor Improvement Design Carl Walker selected for Downtown Parking Study Launch of Arts & Culture District research Launch of Downtown Advisory Committee Safety & Beautification Sub-Committee Valley Building Colonnade designed - bid currently being solicited Crowne Plaza San Marcos Golf Resort new planters installed along San Marcos Place, landscaping and maintenance. Articles in Phoenix Business Journal and Arizona Real Estate magazines Demolition of 2 & 21 S. Oregon Street San Marcos Commons Phase II Development Agreement concept taken to Executive Session - Qwest Property attained $4, $3,5 $3, $2,5 $2, $1,5 $1, $5 $ $4 $1,57 Façade Loan Program Façade Loan Private Investment $2 $1,3 $44 $3,24 $275 $2,177 $18 $255 FY3-4 FY4-5 FY5- FY-7 FY7-8 $2, $1,8 $1, $1,4 $1,2 $1, $8 $ $4 $2 $ $15 $413 DIF DIF Program Private Investment $72 $258 $41 $17 $372 $1,529 $25 $742 FY3-4 FY4-5 FY5- FY-7 FY7-8 $3, $2,5 $2, $1,5 $1, $5 $ Colonnade Signage Program $2, $1,9 $1,95 $1,3 FY3-4 FY4-5 FY5- FY-7 FY7-8
6 Fiscal Year TOURISM 9% 8% 7% % Hotel Occupancy $12 $1 $8 RevPAR (average rate per room) 5% 4% 3% $ $4 2% $2 1% % Q1 FY 5- FY -7 FY 7-8 $ Q1 FY 5- FY -7 FY 7-8 $14 $12 $1 $8 $ $4 $2 $ Average Daily Hotel Rates Q1 FY 5- FY -7 FY 7-8 $1 $14 $12 $1 $8 $ $4 $2 $ Chandler City ADR Chandler City RevPAR Chandler City Occupancy Market Comparison Q1 FY 5- FY -7 FY 7-8 & Arizona Office of Tourism Metro-Phoenix ADR Metro-Phoenix RevPAR Metro-Phoenix Occupancy 9% 8% 7% % 5% 4% 3% 2% 1% %
7 Fiscal Year Staff Assisted Projects Governor's Conference on Tourism July 11-13, 27 - Phoenix, AZ WACVB CEO Forum August 1-5, 27 - Las Vegas, NV AOT Client Event September 1, 27 - Vancouver, BC Canada Arizona/WestJet Canadian Expos September 11, 27 - Edmonton, AB Canada September 13, 27 - Winnipeg, MB Canada AeroMexico FAM (14 attendees) September 15, 27 - Chandler, AZ Service Tour FAM (13 attendees) September 28, 27 - Chandler, AZ Phase II of the Conference Center Feasibility Study implementation 25, 2, 15, 1, 5, Clients & Referrals TOURISM Q1 FY 5- FY -7 FY Web Visits visitchandler.com visitsunnyaz.com Q1 FY 5- FY -7 FY 7-8 $45 $4 $35 $3 $25 $2 $15 $1 $5 $ Transient Tax Q1 FY5- FY-7 FY7-8 Source: City of Chandler's Management Services Department
1 st Quarter Report City of Chandler - Economic Development Division
Fiscal Year 26-27 1 st Quarter Assisted Projects Locates Sites Industrial Ticer Technologies Frye Rd Industrial Park Air Products 54th St & Detroit Craftco Arizona Ave & Riggs Audi of Chandler Ray Rd.
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