Page 113 - CityofSouthlakeFY27Budget

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COMMERCIAL GROWTH IN SQUARE FOOTAGE

This chart shows that although annual growth rates related to commercial square footage added can
be impacted by economic conditions, such as the “Great Recession,” Southlake’s commercial property
City Profile
base has grown annually since 2001. Increases in these numbers over time are beneficial for the City, as a
greater amount of commercial square footage leads to increases in the tax base. As the City approaches
build-out, we expect to see these numbers continue to slow.

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Source: Southlake Planning & Development Services

Annual Sq. Ft. Cumulative Sq. Annual Sq. Ft. Cumulative Sq.
Fiscal Year Fiscal Year
Added Ft. Added Added Ft. Added
2001 419,752 6,009,226 2014 630,277 11,789,864
2002 336,385 6,345,611 2015 1,313,861 13,103,725
2003 185,324 6,530,935 2016 1,763,654 14,867,379
2004 318,944 6,849,879 2017 376,682 15,244,061
2005 1,102,921 7,952,800 2018 358,899 15,602,960
2006 721,500 8,674,300 2019 766,803 16,369,763
2007 516,744 9,191,044 2020 249,274 16,619,037
2008 335,135 9,526,179 2021 217,645 16,836,682
2009 455,984 9,982,163 2022 297,220 17,133,902
2010 344,626 10,326,789 2023 462,008 17,595,910
2011 73,629 10,400,418 2024 469,974 18,065,884
2012 578,782 10,979,200 2025 602,750 18,668,634
2013 180,387 11,159,587 2026* (through Q3) 72,037 18,740,671

FY 2027 City of Southlake | Budget Book 113