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
Based on the available data, commercial construction in the City of Fort Collins has recovered, and is well above our target of $35 per capita. Our yearly total of $107.5 in Q3 puts us in the green category at over $105. Greeley, Loveland, & Longmont all saw significant decreases from the previous quarter.
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 City'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.