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1st Quarter Report

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									  1st Quarter Report
  City of Chandler - Economic Development Division                                                                                                                 Fiscal Year 2007-2008


            Assisted Projects                                                                                                             ECONOMIC DEVELOPMENT
           Locates                                Sites                                           Jobs Created                                              Square Footage
                              Industrial                                      1,400                                                             800               (in thousands)
                                                                                                                                                                       677
              Covance                    Gilbert Rd & Queen Creek Rd          1,200
                                                                                                         1,185                                  700
         Cintas Corporation                Arizona Ave & Warner Rd                                                                              600
                                                                              1,000
             Qualcomm                     Kyrene Rd & Chandler Blvd                         790                                                 500
                                                                               800
                               Retail                                                                                  634                      400         319
                                                                                                                                                                                   347         368
                                                                               600                                                 530
Fresh & Easy Neighborhood Market             Kyrene Rd & Ray Rd                                                                                 300                          257
                                                                                                   319
Fresh & Easy Neighborhood Market        Arizona Ave & Chandler Heights         400    262
                                                                                                                 189         214                200   112
                                                                                                                                                                  145
                                                                                                                                                                                         117
         Marjerle’s Sports Grill            Chandler Fashion Center            200                                                              100
         Ross Dress for Less               Arizona Ave & Ocotillo Rd             0                                                                0
            DD’s Discounts                 Alma School Rd & Ray Rd                         Q2        Q3             Q4         Q1                        Q2         Q3         Q4          Q1

          Famous Footwear                  Arizona Ave & Ocotillo Rd                   Capital Investment                                                     Annual Payroll
                                                                                                    (in millions)                                                  (in millions)
              Bella Vino                Alma School & Chandler Heights        $160                                                 $144        $140                   $131

             Bravi Tuscan                  Gilbert Rd & Germann Rd            $140                                                             $120
          Ono Hawaiian BBQ                 Gilbert Rd & Germann Rd            $120
                                                                                                                                               $100
                Qdoba                         Loop 101 & Ray Rd               $100
                                                                                                                                                $80
                                                                                                         $74
               Quizno’s                    Gilbert Rd & Germann Rd             $80
                                                                                                                                                            $52
                                                                                                                                                $60
           Firehouse Subs                     Loop 101 & Ray Rd                $60                                     $45                                                         $35
                                                                                                                 $30                            $40
         Cold Stone Creamery               Gilbert Rd & Germann Rd             $40
                                                                                            $18    $17
                                                                                                                                                                                               $22
                                                                                                                                                $20   $6          $9
         Edible Arrangements                  Loop 101 & Ray Rd                $20    $5                                     $4                                              $3          $4
                                                                                $0                                                               $0
                                                                                        Q2           Q3             Q4         Q1                        Q2         Q3         Q4          Q1

       $70,000           Average Salary
                                    $57,280
       $60,000                                                      $53,278
       $50,000                                                                                           $44,875                               $46,627
                                                                                                                                                                    Retail
       $40,000                                       $31,979                                                                                                        Industrial/Office
       $30,000       $23,734                                                                                                                                        Retail Target
                                                                                      $18,218                                $19,086
       $20,000                                                                                                                                                      Industrial/Office Target

       $10,000
             $0
                               Q2                              Q3                                  Q4                                     Q1
1st Quarter Report
City of Chandler - Economic Development Division                                                                                                              Fiscal Year 2007-2008


                                                                                                                                          ECONOMIC DEVELOPMENT
       Sales Missions                                               ED Visits & Homepage                                    Top 10 ED Sites Visited
                                                                                                                                                                  Retail Market

                                                      25,000                                            23,202   2,500
            Industrial/Office                                                                                                                                     Quality of Life

ULI - “Top 10 Intersections in Metro Phoenix”         20,000                                                                                                      Retail Highlights
                                                                                                                 2,000
 August 29, 2007 - Phoenix, AZ                                                                     17,964
                                                                         15,809         16,625                                                                    Chandler Airpark
                                                      15,000
ACCE/GPEC Sales Mission                                                                                          1,500
 September 10-11, 2007 - San Diego, AZ                                      13,296                                                                                Reports & Publications
                                                      10,000

NBAA 60th Annual Meeting & Conference                                                 4,976                      1,000                                            Business Environment
                                                       5,000        4,495   3,916             4,155 4,377
 September 25-27, 2007 - Atlanta, GA
                                                                                                                                                                  Population Demographics
                     Retail                               0                                                          500
                                                                                                                                                                  Small Business Resources
ICSC Western Regional Conference                                    Q1       Q2       Q3      Q4        Q1
 September 19-21, 2007 - San Diego, CA                                                                                                                            Industrial Opportunities
                                                                      Economic Development Homepage                    0
                                                                      Combined ED Quarterly Totals
                                                                                                                           Q1        Q2    Q3     Q4     Q1       Historic Dow ntow n
                                                                                                                                                                  Chandler
                               Clients & Referrals
                                                    Leads                                                                       40         Opportunity Analysis
             Industrial/Office                                                       Retail
                                                                                         1
                                                                                                                                                    36
               6                      6                                                                                         35
                                                               10                                                7

                                                                                                                                30
                                                15                                                                                          26
        9                                                                                                                       25
                                                                                                             8
                                            Prospects                                                                                                              19
             Industrial/Office                                                       Retail                                     20
                     1            2                                                                 3
                                                                                                                                15                                          13
       4
                                                                                                                                10
                                                6         10
                                                                                                                 6               5

        GPEC          Direct          Chamber                  Broker             Developer          Direct Call
                                                                                                                                 0
        Trade Show    Email           Other                    Trade Show         Email              Other
                                                                                                                                                Leads              Prospects
1st Quarter Report
City of Chandler - Economic Development Division                                                                                                                                     Fiscal Year 2007-2008


                                                                                                                                                         ECONOMIC DEVELOPMENT
                                                                                               Market Summary
                                                                                                       (SF in millions)

                                 Industrial                                        6                        Office                         20% 16                              Retail
  18                                                                    12%                                                                                                                                       7%
                                                                                                                                                         14.4          14.5          14.5           14.5
            15.6         15.7      15.7                   15.7                                                                   5.0       18%                                6.1%          6.3%
  16                10.1%     10.4%                                                                                                            14                                                          5.9%   6%
                                                                        10%        5                                                 17.4%                      5.6%
                                                                                                                   4.4                     16%                                              5.8%
  14                                                                                   4.0           4.1                                                                      5.5%                         5.9%
                                                                                                                                     13.2% 14% 12                                                                 5%
  12                                                                    8%         4                       11.6%         12.2%                                  5.2%
                                  8.2%                           8.0%                        10.5%                                            12% 10
                    7.7%                                                                                                 11.3%                                                                                    4%
  10                                              7.0%
                                                                        6%         3                       10.7%                              10% 8
      8                                                          5.5%                        9.8%
                                                                                                                                              8%                                                                  3%
                                                  4.9%                             2                                                              6
      6                                                                 4%                                                                    6%
                                                                                                                                                                                                                  2%
      4                                                                                                    0.9           0.8                  4%  4
                                                                                   1                                                  0.7
                                                                        2%                   0.4
      2                                           0.9            1.0                                                                          2%    2                                                      0.9    1%
                    0.5           0.6                                                                                                                                         0.8            0.7
                                                                                                                                                                0.3
      0                                                                 0%         0                                                          0%
                                                                                                                                                    0                                                             0%
               Q2               Q3               Q4           Q1                         Q2            Q3            Q4             Q1
                                                                                                                                                             Q2           Q3            Q4             Q1
                     Source: Costar Property

                                                                                                                               Average Monthly Increase in Housing Unit s
                          Absorption
                      (SF in thousands)
                                                                               Real Estate                                     Month          New Single Family               New Multi-Family
350                                                                              Trends                                        July                     96                              8
300                                                                                                                            August                   66                             49
                                                                                                                               September                91                             51
250                                                                          Median Home Prices
                                                                                                                                 Source:    Chandler Planning & Development Department
                                                                        $500,000
200                                                                     $450,000
150                                                                     $400,000
                                                                        $350,000
100                                                                     $300,000
                                                                        $250,000
 50                                                                     $200,000
  0                                                                     $150,000                                     C handler new homes           C handler resale
                                                                        $100,000                                     Maricopa new homes            Maricopa resale
-50          Q2             Q3            Q4             Q1              $50,000                                     U.S. new homes                U.S. resale
          FY 06-07                                      FY 07-08              $0
                   Industrial           Office          Retail                                Q1                          Q2                       Q3                     Q4                         Q1
          Source: Costar Property                                                                                                  FY 06-07                                                        FY 07-08
  1st Quarter Report
  City of Chandler - Economic Development Division                                                                                                             Fiscal Year 2007-2008


                                                                                                                                     ECONOMIC DEVELOPMENT


                                                            Economic Trends
                         Workforce Analysis                                                    Commercial & Residential Property Tax
                              (in thousands)                                                                    (in millions)
140                                                                             4.0% $16.0
                                                                                                             $13.8
120                                                                             3.5% $14.0
              3.3%                3.4%
                                                                                3.0% $12.0
100                                                 3.0%                                                                              $10.3
                                                                      2.9%
                                                                                2.5% $10.0
 80           2.5%                2.5%
                                                    2.3%                        2.0%    $8.0
                                                                      2.2%
 60
                                                                                1.5%    $6.0
 40                            Chandler w orkforce
                               Chandler employment                              1.0%    $4.0
                               Chandler unemployment rate                                                                $2.1
 20                                                                             0.5%    $2.0                                                       $1.3
                               Pheonix-Metro unemployment rate                                    $0.6
  0                                                                             0.0%    $0.0
             Q2                  Q3                Q4                Q1                           Q1          Q2         Q3            Q4           Q1
           FY 06-07                                                 FY 07-08                      FY 06-07                                          FY 07-08          Sales Tax
      Source: Arizona Dept. of Economic Security                                                                                                                       (in millions)
                                                                                                                                25
                                             Chandler Demographics
300,000                                                                                                                         20
                                                                                 273,000                       286,600
250,000                                                         248,650                                                         15
                                                                                 Buildout
                                                           Current Population
200,000                                                                                                                         10

150,000                                                                                                                          5

100,000
                                                                                                                                 0
                                                                                                                                     Q1       Q2   Q3     Q4     Q1   Q2   Q3   Q4     Q1
 50,000
                                                                                                                                              FY05-06                 FY06-07         FY
      0                                                                                                                                                                              07-08
      1992        1995       1998        2001      2004     2007     2010       2013    2016       2019      2022    2025
  1st Quarter Report
  City of Chandler - Economic Development Division                                                                                                      Fiscal Year 2007-2008


                                                                                                                      DOWNTOWN REDEVELOPMENT

         Business Assistance                                Staff Assisted Projects                                       Launch of Downtown Advisory Committee Safety
                                                     ICSC Western Regional Conference                                       & Beautification Sub-Committee
     Downtown Improvement Fund                         September 19-21, 2007 - San Diego, CA
     Kizake                              $50,000                                                                          Valley Building Colonnade designed - bid
     Sushi Eye Belt                      $50,000     IEDC Annual Conference                                                 currently being solicited
     Light Rain Images                   $50,000       September 16-19, 2007 - Phoenix, AZ
                                                                                                                          Crowne Plaza San Marcos Golf Resort – new
     Latitude 8N                         $50,000
                                                     S. Arizona Ave Corridor presentation to Colliers Intl.                 planters installed along San Marcos Place,
     Vivi’s Boutique                     $50,000
                                                        July 24, 2007 - Vision Gallery                                      landscaping and maintenance.
     Façade Conservation Program                                                                                          Articles in Phoenix Business Journal and Arizona
     91 & 95 W Boston                    $180,000 MV&E selected as master planning/design consultant                        Real Estate magazines
                                                   in Sites 4-5-6 City/Desert Viking partnership

                                                     TriStar selected for South Arizona Ave Corridor                      Demolition of 200 & 210 S. Oregon Street
                                                        Improvement Design
                                                                                                                          San Marcos Commons Phase II Development
                                                     Carl Walker selected for Downtown Parking Study                        Agreement concept taken to Executive
                                                                                                                            Session - Qwest Property attained
                                                     Launch of Arts & Culture District research

                    Façade Loan Program                                                DIF Program                                       Colonnade Signage Program
$4,000                   (in thousands)                       $2,000                   (in thousands)                        $3,000
                                                              $1,800                                                                                     $2,600
$3,500                          $440                                                                     $372

                                                              $1,600
                                                                                                                             $2,500
$3,000
              Façade Loan                                     $1,400                                                                  $1,900   $1,950
                                                                                                                             $2,000
$2,500        Private Investment
                                           $275               $1,200
                                                                                 DIF
$2,000                                                        $1,000                                                         $1,500                               $1,300
           $40                                                                   Private Investment
                                                                                                                   $250
                               $3,264                          $800
$1,500                                                                                                  $1,529
                                                                                                                             $1,000
                      $20                                      $600     $105
$1,000                                    $2,177
          $1,657                                               $400                $72                             $742        $500
 $500                $1,030
                                                     $180      $200     $413                 $41
                                                                                   $258
                                                     $255                                    $107                                $0
   $0                                                            $0
          FY03-04    FY04-05   FY05-06    FY06-07   FY07-08            FY03-04   FY04-05    FY05-06     FY06-07   FY07-08             FY03-04 FY04-05 FY05-06 FY06-07 FY07-08
  1st Quarter Report
  City of Chandler - Economic Development Division                                                                                                 Fiscal Year 2007-2008


                                                                                                                                                          TOURISM


                                       Hotel Occupancy                                                    RevPAR (average rate per room)
90%                                                                              $120
80%
                                                                                 $100
70%
60%                                                                               $80

50%                                                                               $60
40%
                                                                                  $40
30%
20%                                                                               $20
10%
                                                                                    $0
0%                                                                                          Q1       Q2        Q3       Q4        Q1          Q2      Q3       Q4        Q1
       Q1        Q2        Q3          Q4   Q1     Q2     Q3    Q4      Q1
                                                                                                       FY 05-06                                FY 06-07                 FY 07-
                   FY 05-06                         FY 06-07           FY 07-                                                                                             08
                                                                         08         Source: Smith Travel Research
       Source: Smith Travel Research

                              Average Daily Hotel Rates                                                              Market Comparison
$140                                                                            $160                                                                                             90%
$120                                                                            $140                                                                                             80%
                                                                                $120                                                                                             70%
$100                                                                                                                                                                             60%
                                                                                $100
                                                                                                                                                                                 50%
 $80                                                                             $80
                                                                                                                                                                                 40%
 $60                                                                             $60
                                                                                                                                                                                 30%
                                                                                 $40                                                                                             20%
 $40                                                                                                  Chandler City ADR                      Metro-Phoenix ADR
                                                                                 $20                  Chandler City RevPAR                   Metro-Phoenix RevPAR                10%
                                                                                                      Chandler City Occupancy                Metro-Phoenix Occupancy
 $20                                                                              $0                                                                                             0%
  $0                                                                                      Q1        Q2       Q3        Q4       Q1           Q2      Q3      Q4         Q1
        Q1       Q2        Q3          Q4   Q1    Q2     Q3    Q4     Q1                             FY 05-06                                 FY 06-07                 FY 07-
                   FY 05-06                        FY 06-07          FY 07-                                                                                             08
         Source: Smith Travel Research
                                                                       08
                                                                                 Source: Smith Travel Research & Arizona Office of Tourism
1st Quarter Report
City of Chandler - Economic Development Division                                                                                                         Fiscal Year 2007-2008


                                                                                                                                                              TOURISM
     Staff Assisted Projects
                                                                 25,000
                                                                                                    Clients & Referrals
     Governor's Conference on Tourism
       July 11-13, 2007 - Phoenix, AZ
     WACVB CEO Forum                                             20,000
      August 1-5, 2007 - Las Vegas, NV
     AOT Client Event
                                                                 15,000
       September 10, 2007 - Vancouver, BC Canada
     Arizona/WestJet Canadian Expos
        September 11, 2007 - Edmonton, AB Canada                 10,000
        September 13, 2007 - Winnipeg, MB Canada
     AeroMexico FAM (14 attendees)
                                                                   5,000
       September 15, 2007 - Chandler, AZ
     Service Tour FAM (13 attendees)
       September 28, 2007 - Chandler, AZ                               0
     Phase II of the Conference Center Feasibility                               Q1          Q2         Q3         Q4         Q1         Q2         Q3        Q4         Q1
       Study implementation                                                                    FY 05-06                                    FY 06-07                  FY 07-08

                                                                                                                          Transient Tax
                               Web Visits                                             $450                                 (in thousands)
                               (in thousands)                                         $400
80
70                                                                                    $350
60                                                                                    $300
                                                            visitChandler.com         $250
50
40
                                                            visitSunnyAz.com          $200
30                                                                                    $150

20                                                                                    $100

10                                                                                     $50

 0                                                                                      $0
     Q1       Q2        Q3       Q4    Q1       Q2     Q3        Q4         Q1                    Q1         Q2      Q3        Q4        Q1       Q2        Q3      Q4        Q1

                FY 05-06                         FY 06-07                  FY 07-                             FY05-06                               FY06-07               FY07-08
                                                                             08              Source: City of Chandler's Management Services Department
     Source: Smith Travel Research

								
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