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Tri-Valley Transportation Council │ 2020 Nexus Fee Update Study <br />August 2021 │ Final 13 <br /> <br />Employment growth was converted to square feet of commercial building space based on employee density <br />assumed from the 2008 Nexus Study. These conversions are shown in Table 7 below. <br />Table 7: Employment Growth Converted to Square Commercial Building Space <br />Land Use <br />Type <br />Employee Growth <br />2020-2040 <br />Employee Density <br />(SF/Employee) <br />In Building Square <br />Footage 2020-2040 <br />Retail 10,235 500 5,117,572 <br />Office/Service 22,656 300 6,796,911 <br />Industrial1 10,321 900 9,289,204 <br />Other 20,735 600 12,440,969 <br />Total 63,947 - 33,644,656 <br />1 Industrial includes agriculture, manufacturing, and trading employment-types. <br />2.2.3 COMPARISON WITH 2008 NEXUS STUDY <br />A comparison of the total growth (base year to horizon year) and the annual growth rates between the 2008 <br />Nexus Study and the 2020 Nexus Study forecast is presented in Table 8. The household growth estimated <br />in the current 2020 Nexus Study is approximately half as much as estimated in the 2008 Nexus Study. The <br />employment growth is estimated to be slightly lower than the 2008 Nexus Study. A slower build-out results <br />in smaller amount of development being available to pay towards improvement projects. <br />Table 8: Overall Growth Comparison <br /> <br />Total Growth Annual Growth <br />Household Employment Household Employment <br />2008 Nexus Study <br />(2007 to 2030 Growth) 51% 42% 1.81% 1.54% <br />2020 Nexus Study <br />(2020 to 2040 Growth) 24% 30% 1.09% 1.34% <br />Detailed comparison household and employment are discussed in the following sections. <br />2.2.3.1 Household <br />Table 9, Table 10 and Figure 11 presents a comparison of the household growth between 2008 Nexus <br />Study and the 2020 refined growth forecast. Single family housing experienced 4% less growth than <br />anticipated in the 2008 Nexus Study. Multifamily housing experienced 10% less growth than anticipated in <br />the 2008 Nexus Study. The multifamily growth trend is similar between the 2008 and 2020 Nexus Study. <br />