Table 21: Industrial lands future lands needs assessment (2021-2041

The following table distributes the above floorspace demand to each industrial precinct based on their current industry composition and market share.

Table 20: Total employment floorspace demand by precinct

Precinct Current Total space by 2041

Net increase space Low Medium High Low Medium High

Ashby working waterfront 0 0 0 0 0 0 0 Goodwood island - working waterfront 328 434 470 513 107 142 185 Harwood island industrial 915 985 1,053 1,134 69 138 218 Harwood island working waterfront 3,486 3,765 4,023 4,331 279 538 845 Harwood island working waterfront, River St 150 150 150 150 0 0 0 Ilarwill industrial 0 0 0 0 0 0 0 Iluka industrial 11,912 14,947 16,042 17,385 3,035 4,129 5,473 Iluka waterfront 2,006 2,621 2,832 3,092 615 826 1,086 Junction Hill industrial 11,050 11,515 12,277 13,175 465 1,227 2,125 Koolkhan 63,300 76,282 81,564 87,994 12,982 18,264 24,694 North Grafton 35,374 41,331 44,202 47,673 5,957 8,829 12,299 South Grafton industrial 173,293 198,969 213,482 230,936 25,675 40,189 57,643 Townsend industrial 26,200 30,528 32,777 35,492 4,327 6,577 9,292 Tyndale industrial 1,822 2,155 2,304 2,483 333 482 662 Yamba industrial 43,083 52,688 56,490 61,125 9,605 13,406 18,042 Yamba waterfront 0 0 0 0 0 0 0

Total 372,920 436,369 467,665 505,483 63,449 94,745 132,564

7.5 Future land requirements to accommodate employment growth

To estimate the amount of land this additional floorspace could require we have applied an average floorspace ratio (FSR) typically developed in industrial precincts. This average FSR is applied to the above total floorspace demand under each scenario. Typically, the building area of industrial developments does not encompass the entirety of the developable land of the parcel they reside within. This is as a result of the specific site requirements of typical industrial occupiers which require setbacks from property boundaries and the need for truck turning areas, parking areas, loading and unloading, etc. In our experience, although industrial precincts have an allowable FSR of around 1:1, that is the amount of floorspace that could be developed is equal to the properties total land area, the actual built FSR ranges from between 0.3:1 to 0.5:1. As such, HillPDA has applied a ratio of 0.4:1 to the projected additional industrial floorspace demand. Using this methodology, it is forecast that Clarence Valley LGA is likely to absorb an additional 21 hectares to 44 hectares of industrial and B5 Business Development zoned land to accommodate the projected demand in floorspace over the 20-year period (2041). The table below provides an overview of the net demand for additional lands socks for each individual industrial precinct.