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Economic and Market Assessment City of Louisville, CO
<br /> Figure 23: Retail Market Potential
<br /> 15-Minute
<br /> Category City Limits Driveshed
<br /> Food & beverage stores $1,725,415 $143,780,425
<br /> Grocery stores $2,022,959 $135,508,887
<br /> Specialty food stores $115,212 $2,936,794
<br /> Beer, wine &liquor stores $182,332 $5,334,744
<br /> Health & personal care stores $4,011,579 $15,128,568
<br /> Department stores $4,110,389 $77,697,000
<br /> Other general merchandise stores $19,017,618 $18,501,956
<br /> Clothing&clothing accesory stores $3,651,399 $97,735,696
<br /> Electronics &appliance stores $5,219,634 $66,198,479
<br /> Furniture stores $855,033 $28,482,843
<br /> Home furnishing stores $5,219,634 $8,125,805
<br /> Bldg materials, garden equip &supply stores $24,000,597 $30,817,737
<br /> Sporting goods, hobby, music. inst. $2,535,992 $15,068,973
<br /> Book, periodical &music stores $1,276,780 $4,484,497
<br /> Office supplies, stationery &gifts $350,833 $6,144,270
<br /> Automobile dealers $43,160,330 $18,455,068
<br /> Auto parts, accessories &tires $1,944,681 $17,526,746
<br /> Food services &drinking places $13,486,857 $164,370,667
<br /> Full-service restaurants $6,692,342 $92,791,985
<br /> Limited service eating places $5,558,127 $57,443,038
<br /> Special food services $648,313 $8,854,618
<br /> Drinking places $588,075 $5,281,026
<br /> Source:ESRI Business Services;TischlerBise
<br /> Retail opportunity gaps/surpluses can be used to calculate supportable square feet of retail by category,
<br /> or in the case of Louisville, the surplus of retail space. Using retail industry benchmarks provided by
<br /> BizStats, we arrive at the midpoint of the range of sales per square feet by retail category based on data
<br /> for Super Regional Shopping Centers (high) and Neighborhood shopping Centers (low). Dividing the
<br /> opportunity surplus by the sales per square foot yields an estimate of approximately 3 million square
<br /> feet of surplus retail space serving the 15-minute driveshed (with the exception of the automotive
<br /> categories, for which there is an opportunity gap). See the figure below.
<br /> In addition, the ESRI Retail Marketplace Profile from which the data is derived also indicates
<br /> approximately$15 million in electronic and mail order shopping in the analysis area.
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