MAP Commercial and industrial property needs

Worksheet EC6: Commercial and industrial property needs
=== Sub-section 1: Supply of property ===
Q1. How much land for development has been allocated in the Local Development Plan?
(Worksheets EN1; EN2; EN3 Q4; S2; S3 Q11; S5 Q8; S6 Q1,3 also refer to the built environment. Worksheets EN1 Q7, 14; EN3 Q4; S2; S5 Q10; T! Q3 also refer to development)
Q 2. Floor space
a.What is the total amount of commercial and industrial floor space available?
b.Where is it? 
c.How much of it has been built or let in the last three years? 
Q 3. How many premises suitable for new small businesses are there at affordable rents?
Look at the number of smaller premises and find out rent levels.
Q 4. How many premises are there that allow for ‘expansions’ or ‘grow on’ by existing local firms? 
Generally, you will find shortages are more often in the space for expansion rather than for start up premises 
=== Sub-section 2: Demand for properties ===
Q 5. Available floor space
a.How much available office or industrial floor space is vacant or on the market?
b.Where is it?
Q 6. What have been the trends in vacancy levels in industrial and commercial property? 
Compare historical vacancy levels in properties of different ages and sizes.
Q 7. What have been the trends in rental returns in recent years? 
Compare historical data on commercial rents. Note that increased rents and yields denote greater demand for floor space.
Q 8. Future planned expansion
a.How many existing commercial and industrial businesses are there with commitments to expand?
b.Where are they located?
(Worksheets EN1 Q7, 14; EN3 Q4; S2; S5 Q10; T! Q3 also refer to development)
Q 9. What economic development and funding initiatives are in place to assist the expansion of local firms and incoming firms?