Retailfactsheet

Page 1

RETAIL

Nearly 1.3 million people live within a 60-minute drive

Median household income more than $57,000

34.1%

household annual incomes of

$75,000 or greater

Cost of living

10% – 12% lower than national U.S. average

Cost of doing business

14% lower

compared to U.S. metro average

Greater Omaha is home to five Fortune 500 and five Fortune 1000 company headquarters

Major Employers

Alegent Creighton Health Berkshire Hathaway, Inc. CenturyLink ConAgra Foods First Data First National Bank of Omaha Google Gordmans Mutual of Omaha Offut Air Force Base Omaha Steaks Oriental Trading Company PayPal Peter Kiewit Son’s, Inc. TD Ameritrade The Nebraska Medical Center Union Pacific University of Nebraska Medical Center West Werner Enterprises Yahoo! *Companies in bold are Omaha’s Fortune 500

Greater Omaha: The $15 Billion Opportunity

National retail chains thrive in Greater Omaha. From stand-alone facilities, to enclosed and lifestyle malls or mixed-use developments. Retail is growing! “At a time when the national trend was declining sales for enclosed malls, Westroads Mall experienced nearly double digit growth on year over year sales.” Jim Sadler, Sr. General Manager, Westroads Mall With more than 710,000 workers, the Omaha metropolitan statistical area typically pulls in labor from a 60-mile radius. A young, growing workforce is essential to ensuring a steady supply of workers and economic vitality. More than 35% of the Greater Omaha population is under age 25. Historically, household income in Omaha consistently ranks in the top five of the 100 largest metros. In addition, Greater Omaha maintains a higher concentration of high wage jobs in the financial activities, education and healthcare, and professional and business service sectors compared to the nation.

Retail Opportunity Gap

Retail Category Opportunity GAP Total Retail Sales Incl. Eating & Drinking Places 702,434,455 Building Material, Garden Equip. Stores 277,515,324 Health and Personal Care Stores 275,348,402 Food and Beverage Stores 223,915,341 Clothing and Clothing Accessories Stores 221,066,845 Full Service Restaurants 97,777,538 Home Centers 87,751,016 Family Clothing Stores 75,015,213 Women’s Clothing Stores 45,380,957 Claritas 2013 RMP Opportunity Cap - Retail Stores


Demographics 2013 metro area population 2018 metro projection Growth 2013 - 2018 metro population projection Total metro area households Average household size Median all owner-occupied hosuing value Populations by Single Race Classification White Black or African American American Indian or Alaska Native Asian Native Hawaiian & Other Pacific Islander Some Other Race Two or More Races Population Hispanic or Latino by Origin Hispanic or Latino Not Hispanic or Latino Population by Age age 0 - 17 Age 18-24 age 25-44 age 45-54 age 55-64 Age 65 and older Median age

890,825 930,410 4.4% 344,772 2.53 $144,163

727,495 70,135 5,461 19,883 680 42,156 25,015

87,983 802,842

234,809 83,381 241,720 121,150 104,063 105,702 35.1

26.4% 9.4% 27.1% 13.6% 11.7% 11.9%

Households by Income Income less than $24,999 Income $25,000 - 49,999 Income $50,000 - 74,999 Income $75,000 - 99,999 Income $100,000 or more

74,648 84,551 68,101 47,534 69,938

2013 Estimate

21.7% 24.5% 19.8% 13.8% 20.3% 2018 Projection

Average household income Median household income

$70,203 $54,841

$74,787 $57,678

Average effective buying income Median effective buying income

$55,935 $44,261

$59,435 $46,175

Source: Claritas, 2013

Representative Properties/ Sq ft

Major Tenants

The Shops of Legacy / 130,000

Roja Mexican Grill, Upstream Brewing Company, Baby Blue Sushi Sake Grill, Dante's Pizzeria Napoletana

24,904

$101,741

Midtown Crossing / 225,000

Element by Westin, Midtown Marcus Cinema, Prairie Life Fitness, Wohlner's Neighborhood Grocery and Deli

51,781

$31,117

Aksarben Village / 300,000

Wohlner's Grocery, Aksarben Cinema, Godfather's Pizza, Jones Bros. Cupcakes, Aspen Fitness

47,985

$44,181

Metro Crossing / 551,376

Target, Kohl's, Bed Bath & Beyond, PetSmart, Famous Footwear, T.J. Maxx

12,554

$81,042

Westroads Mall / 1,210,156

Von Maur,The Cheesecake Factory, AMC Theatres, Bare Escentuals, The Buckle, Forever 21

36,607

$59,054

Shadow Lake Towne Center / 880,000

Best Buy, PetSmart, Hy-Vee, Dick's Sporting Goods, JCPenney, Gordmans

13,872

$75,250

Regency Court / 171,552

Anthropologie, Borsheims, William Sonoma, Pottery Barn, White House | Black Market

36,251

$58,507

Village Pointe / 600,000

Scheels, Old Navy, DSW Shoes, Best Buy, lululemon, Coach, Apple Store, Sephora

26,056

$60,033

Oakview Mall / 870,323

Younkers, Dillard's, JCPenney, Sears, Areie, Crazy 8

30,477

$84,705

One Pacific Place / 91,537

Trader Joe's, Chico's, Talbots, Banana Republic, Ingredient

33,198

$58,492

SelectGreaterOmaha.com

Winsley Durand, wdurand@SelectGreaterOmaha.com 402-346-5000 • 800-852-2622 1301 Harney St., Omaha, NE 68102 May 2013

Households 3-mile

Median Income 3-mile


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.