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STUDY METHODOLOGY
Inventory of Retail‐
Appropriate Spaces
Assessment of Existing
and Proposed Retail
Competition
Spending by Existing Customer Bases and Anticipated New Ones
Calculation of Unmet Retail
Demand by District and Downtown
Documentation and Evaluationof Existing Retail
Clusters
Plan for Retail Redevelopment and Growth in Appropriate Locations
RETAIL M
ARKET AN
ALYSIS
RETAIL PLANNING
DISTRICTS STUDIED
• ARLINGTON SOUTH• BETHESDA ROW• METRO• PEARL DISTRICT• WISCONSIN NORTH• WISCONSIN SOUTH• WOODMONT TRIANGLE
RETAIL BUSINESS ESSENTIALS
• Visibility (from an active street/sidewalk – busy, but not too busy)
• Visibility (into the store or restaurant)
• Accessibility
• Ceiling heights 12’ or higher, bay width in 20‐foot increments
• Necessary utilities/services for business type
• Adjacent businesses that attract similar types of customers
• Retail markets need a diversity of shopping and dining options
• Duplicating successful retail models in the same market causes cannibalism and systemic failure
DOWNTOWN BETHESDA RETAIL OBSERVATIONS
• Traffic volumes and number of lanes are unavoidable obstacles to making Wisconsin Avenue into a retail “main street.”
• Old Georgetown Road has the same issue.
• Businesses in inferior retail spaces struggle.
• Interior and subterranean retail spaces dominant the Metro district.
• Residential‐to‐retail conversions hinder the Woodmont Triangle district.
• Bethesda Row’s success is tied to parking, spaces that meet modern retail requirements, moderate traffic levels, and concentration of restaurant tenants.
EXISTING INVENTORY
• ARLINGTON SOUTH (18 retailers)
• BETHESDA ROW (106 retailers)
• METRO (62 retailers)
• PEARL DISTRICT (3 retailers)
• WISCONSIN NORTH (51 retailers)
• WISCONSIN SOUTH (18 retailers)
• WOODMONT TRIANGLE (161 retailers)
CLASS OF SPACE (BY # OF SPACES NOT TOTAL SF)
CLASS A33%
CLASS B51%
CLASS C14%
BTS2%
CLASS A CLASS B CLASS C BTS
RETAIL CATEGORY DISTRIBUTION
NEIGHBORHOOD GOODS & SERVICES (NG&S)
GENERAL MERCHANDISE, APAREL, FURNISHINGS & OTHER (GAFO)
FOOD & BEVERAGE (F&B)
NG&S35%
F&B30%
GAFO35%
NG&S F&B GAFO
EXISTING SUPPLY VS. DEMAND
‐
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
ArlingtonSouth
BethesdaRow
Metro Pearl WisconsinNorth
WisconsinSouth
WoodmontTriangle
Existing Supply Existing Demand
0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000
Woodmont Triangle
Wisconsin South
Wisconsin North
Pearl
Metro
Bethesda Row
Arlington South
Existing Demand 2019 Demand 2024 Demand 2029 Demand 2034 Demand
DEMAND PROJECTIONS
Existing Supply
20,876 SF
44,383 SF
39,941 SF82,375 SF
WHAT’S HERE NOW?
• ARLINGTON SOUTH (18 retailers)• BETHESDA ROW (106 retailers)• METRO (62 retailers)• PEARL DISTRICT (3 retailers)• WISCONSIN NORTH (51 retailers)• WISCONSIN SOUTH (18 retailers)• WOODMONT TRIANGLE (161
retailers)
NO ADDITIONAL SQ.FT. OF SUPPORTABLE RETAIL
• WOODMONT TRIANGLE: concentration of Class A space supplemented by WT “funky” space
• METRO: Same amount of space – better quality, appropriate locations
• WISCONSIN SOUTH: Rethink what Wisconsin Avenue retail means. Smaller stores, possible niche market
ADDITIONAL SQ.FT. OF SUPPORTABLE RETAIL
• WISCONSIN NORTH: Retail space clustered at northern edge and “gateway” to WT
• PEARL: Retail for the workplace, focused in a walkable environment
• BETHESDA ROW: Build on what’s working
• ARLINGTON SOUTH: Urban collection of large‐format tenants, vehicular‐oriented
PROJECTED RETAIL NODES…FOR WHOM?
GATEWAYScommuters/residents/employees
NEIGHBORHOOD CTRresidents/employees
PHYSICAL CENTERcommuters/employees
REGIONAL CTRcommuters/employees