Page 180 - Southlake FY22 Budget

CITY DEPArTMEnT OVErVIEW
ECONOMIC DEvELOPMENT & TOURISM

Department Core Services

Perspec- Ref # Measure Previous Previous Current Measure- Target
tive Period Period ment

1.1 C1 Achieve the highest standards of safety & security
Q12 Survey: Q02 - I have the materi-
1.1.1 als and equipment I need to do my 4.16 4.29 4.44 > or = 4.50
work right

Q12 Survey: Q10 - I have a best
1.1.2 3.64 4.15 3.81 > or = 4.50
friend at work
1.2 C4 Attract & keep top-tier businesses to drive a dynamic & sustainable economic environment

1.2.1 Employment - residence ratio 1.87 1.91 1.85 > or = 2.00

1.2.2 Business retention rate - overall 77.7% 85.7% 84.7% > 75.0%

1.2.3 New business survival rate - 1 year 90% 92% 96% > or = 80%

1.2.3 New business survival rate - 2 years 84% 87% 84% > or = 69%
1.2.4 New business survival rate - 5 years 59% 78% 74% > or = 51.0%

Serve our Customers 1.2.5.1 Lifestyle Center occupancy rate (aver- 92% 92% 96% > 89%
Southlake retail occupancy rate
1.2.5
93%
91%
93%
>
89%
age)
Southlake Town Square occupancy
1.2.5.1.1
rate
Power Center occupancy rate (Gate- 95% 91% 95% > 89%
1.2.5.2 77% 80% 80% > 89%
way Plaza)
Community Center occupancy rate
1.2.5.3 96% 92% 94% > 89%
(average)
1.2.5.4 Neighborhood Center occupancy rate 92% 90% 90% > 89%

1.2.6 Consumer Sales - All Y/Y -11.3% -11.2% -1.6% = +

1.2.8 Southlake office occupancy rate 81% 81% 80% > 84%

1.2.8.1 Class A Office occupancy rate 73% 74% 74% > 84%

Class B multi tenant office occupancy
1.2.8.2 81% 82% 82% > 84%
rate
1.2.9 Industrial / flex space occupancy 90% 93% 91% > 84%
1.2.10 Medical office occupancy rate 84% 84% 82% > 84%

BUDGET BOOK | FY 2022 City of Southlake 179
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