preliminary market analysis city center south burlington vermont for of planning and zoning department by douglas j kennedy real estate consulting group landvest one the green woodstock 05091 june 9 2005 lv 4249 v 1 table contents introduction 4 areas 6 trends demographics population characteristics 10 households household 14 income levels 18 demographic summary 20 economy 21 labor employment projected 23 wages 24 industry commuting 27 major employers 30 economic travel tourism 31 visitation expenditures champlain valley 33 activity 35 37 markets 38 what s there now housing 39 demand factors 40 age 42 propensity to move 44 supply 46 47 tenure 49 value page 2 51 53 retail 54 balance 57 58 59 commercial office space 60
