New Commercial Permit Dollar Volume per Capita
- Analysis of Performance
- Metric Definition
- Why Is This Important?
- City Organization Impact on Performance
- Benchmark Information
Analysis of Performance
Fort Collins continued to see significant private development in Q2, with the quarterly and annual commercial permit dollar per capita figures both well over our 2014 targets. Our annual target of $140 was surpassed in Q1, putting us in the green for the year.
This metric provides an understanding of the value of new commercial construction in the City. The total value of permits is divided by the current population to generate a value more easily compared to other communities.
Why Is This Important?
New commercial construction value measures market reaction to economic activity and the capacity of the market to react to job growth. Comparing this measure to other communities provides an indication of the CityÃ†s ability to capture economic activity compared to others.
City Organization Impact on Performance
Medium - The activities of the Economic Health Office directly relate to users of commercial space, but actual construction activity is also influenced by other outside factors.
This metric contains benchmark data for other northern Front Range cities because these cities compete for commercial construction in the same regional market as Fort Collins. Comparing to these benchmarks gives an indication of how well the City is competing to capture the value in this market.