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LT-2022-003 (2)
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01. January
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2022-01-18 10:00 AM - Commissioners' Agenda
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LT-2022-003 (2)
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Last modified
5/13/2022 1:37:22 PM
Creation date
5/13/2022 1:36:32 PM
Metadata
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Template:
Meeting
Date
1/18/2022
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Alpha Order
g
Item
Request to Approve Lodging Tax Contracts LT-2022-001 through LT-2022-024
Order
7
Placement
Consent Agenda
Row ID
85266
Type
Contract
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Roslyn Market Study{$anruFrr MULDRow5RetaiJ. Leakagre AnalysisIntroductionThe retail- leakage analysis identifies potential opportunitj-es for retaif growth based ondemand within the local market. "Retail Leakage" is a supply and demand stuOy that refersto the difference between the retail expenditures of residents living in a parti-culargeography and the sales produced by stores located in the same geography. If residents arepurchasing more than stores are selling, dol-l-ars are leaking outside the trade areas toother locations. Leakage translates directly to demand.The data presented in thls section comes from Envlronics Analytics, a nati-onal- retailmarketing service used by town planners, retail & restaurant site planners, and nationafchaj-ns for their market research. Environics Analytics gets its data from a number ofsources including: Census of Retail Trade; Annual Survey of Retaif Trade; Census ofEmployment and Wages, Sales Tax Reports, and various trade associations. This data is abroad look at the market and should not supplement for more detailed market research. Itdoes, however, provide an overalf view of what the market potential can be.Trade Area Retai1 Leakage10-MinuteDrirrc lfi.ne$136. 96million#1 4 .99mil-l-ion5-MinuteDrive Time$32 mlllion$25.1 millionRoslyn$21.91miflion$21-.L'/mil-IionStores SeJ.LConsunersS1)etd16
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