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Growth Forecast Assessment

Growth Anticipated for the Planning Horizon, 2020 to 2040

The sections that followdiscuss two types of future growth—committed development and total forecasted growth—considered for the scenario planning and likely impacts analysis.

Committed Development

Committed development consists of development that hasbeen “entitled” or approved for development. A committed development project is typically either anticipated to startsoon,or in some cases where earlyphases of a development have begun and are anticipated to continuein the future.

The committed development inventory for this analysis includes a full range of development projects monitored by Berkely County —from the small (less than 10 dwelling units) to the very large (greater than 10,000 dwelling units). Most projects are residential in nature; however, a few include commercial or industrial uses.

While committed development is likely to occur in the futurebecause of the investments made by a land owner or the developer, full build out of the entitlement itis not always certain for a variety of reasons (e.g., changing market trends, developer financing, project per forma, etc.). For these reasons, staff for Berkeley County and their partners provided the consultant with statistics to assume for committed development over the twenty-year planning horizon that were adjusted for market trends or project confidence. This information is consistent with a GIS layer created to track committed developments throughout the county (i.e., the shapefile named Proposed Developments). Information from the GIS layer was summarized for the six growth forecast categories (control totals) assumed for the scenario planning and likely impacts analysis.

Committed Quantity

Development

Single-Family Detached 38,929 du Single-Family Attached 3,717 du Stacked Multifamily 7,000 du General Commercial 855,260 sf Office 466,140 sf Industrial 2,573,060 sf

Growth Forecasts

Long-term growth forecasting is an inherently uncertain business, typically conducted by demographers using multiple sources of data. It is particularly challenging in areas that are growing quickly likeBerkeley County. Indeed, short term forecasts of residential growth developed in the past ten to fifteen years have always been exceeded by the actual amounts of growth experienced in Berkeley County or its municipalities.

The consultant relied heavily on the expertise of staff at the Berkeley-Charleston-Dorchester Council of Governments for growth forecast information to include in this analysis. Four data sets were consulted to determine the most appropriate growth forecasts (control totals) to assume for each of the four alternative scenarios:

• Socioeconomic data from the CHATS

Regional Travel Demand Model, which is a computer program that forecasts future year demand on existing and planned transportation facilities using anticipated land use, demographic

Fishing Huger Creek. Photo by D.D. Devot (1962). Wikimedia Commons.

information, and travel patterns unique to the study area.

• Berkeley County building permit data for the last three years, 2018 to 2021, and an average household size of 2.60 persons per household from the U.S.

Census Bureau.

• Population forecasts for Berkeley

County published by the South

Carolina State Department of Revenue and Fiscal Affairs for 2035, where were extrapolated to 2040 using a straightline trend.

• Committed development and future opportunities tracked by the Berkeley

County Economic Development

Department to validate/calibrate information from the three previous sources.

Future year residential growth was different across the four scenarios. Scenario A (Committed Development) assumed the lowest growth forecast(122,000 new residents), which was grounded in the committed development inventory maintained by Berkeley County and household size statistics from the U.S. Census Bureau. Scenario B (Trend Development) assumed the second lowest growth forecast (170,000 new residents), which was calculated using Berkeley County building permit data for the last three years, 2018 to 2021, and an average household size of 2.60 persons per household from the U.S. Census Bureau.

Scenarios C (Accelerated Trend Development) and D (Managed Growth) assumed the same future year residential growth: 239,000 new residents. This statistic started with information in the CHATS Regional Travel Demand Model for Berkeley County, which was factored down to reflect current thinking for the type and pace of development anticipated for committed projects in the planning area over the twenty-year planning horizon, 2020 to 2040. Residential growth forecasted for Scenarios B, C, and D are all greater than the statistics reported by the South Carolina State Department of Revenue and Fiscal Affairs extrapolated to 2040 (i.e., 143,293 new residents).

The variation in residential growth forecasted for the planning area between the four scenarios allowed testing of different demand levels, which would be influenced by policies to manage the timing, location, and intensity of new development in the One Berkeley County Comprehensive Plan.

Future year employmentforecasts for Scenario A were zero based on the committed development inventory assumed for this analysis. Employment forecasts for scenarios B, C, and D (74,500 new employees) were taken directly from the CHATS Regional Travel Demand Model, which was deemed valid by the County’s Economic Development Department for the twenty-year planning horizon based on recent market trends.

Population and employment forecast data was summarized for three residential categories— single family detached, single family attached, and multifamily stacked—andthree nonresidential categories—general commercial, office, and industrial—for the scenario planning and likely impacts analysis. Future yearresidential growth was converted to dwelling units using a household size of 2.60 persons per unit. Futureyear non-residential growth was reported by square feet using employee space ratios tied to the BCDCOG Regional CommunityViz Model.

The dwelling units and non-residential square feet reported for Scenarios B, C, and D include the future year growth assumed for Scenario A

in all cases —meaning committed development is assumed constant through all four alternative futures. The table below summarizes future year growth (control totals) assumed for the scenario planning and likely impacts analysis.

Anticipated residential and non-residential growth associated with the committed development inventory (Scenario A) was subtracted from the dwelling unit and square feet statistics calculated for the Countyin Scenarios B, C, and D to represent new net growthfor the allocation process in the Berkeley County CommunityViz Model (i.e., forecasted growth minus committedgrowth = net new growth for modeling purposes). The large table below summarizes data for the residential and non-residential categories used in the analysis. The small table provides statistics for the base year, 2020, for comparison.

Existing Development in Berkeley County, 2020

Existing Development Quantity

Population* 229,861 Employment** 58,451

* Census 2020 ** Census 2018 LEHD

Future YearDevelopment Assumed in Berkeley Countyby Scenario, 2020 to 2040

Residential Forecast Committed Trend Accelerated Trend Managed Growth

Population 2040 Population Growth from 2020 351,861 399,866 468,861 468,861 122,000 170,000 239,000 239,000

Housing Growth by Unit Type Single-Family Detached Dwellings Single-Family Attached Dwellings Stacked Multifamily Dwellings Total New Housing Units

Non-Residential Forecast

Employment 2040 Employment Growth from 2020 Employment Growth by Type General Commercial Sq Ft Office Sq Ft Industrial Sq Ft 38,929 57,500

80,700 3,717 4,200 5,700 7,000 7,600 10,700 49,646 69,300 97,100 58,300 19,400 19,400 97,100

134,993 134,993 134,993 74,500 74,500 74,500

12,577,900 12,577,900 12,577,900 6,542,000 6,542,000 6,542,000 43,936,800 43,936,800 43,936,800

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