See the entire Henderson Economic and Demographic Overview here
Transcription
See the entire Henderson Economic and Demographic Overview here
City of Henderson | 240 Water St., Henderson, NV 89015 | cityofhenderson.com | 702-267-2323 2015 | ECONOMIC AND DEMOGRAPHIC OVERVIEW HENDERSON NEVADA ECONOMIC AND DEMOGRAPHIC OVERVIEW Cadence City of Henderson 36 36 11 CITY LEADERSHIP Andy Hafen Mayor Sam Bateman Councilman Debra March Councilwoman BUSINESS & REAL ESTATE | REDEVELOPMENT TUSCANY REDEVELOPMENT AREA Located in Henderson’s northeast corner, this abandoned gravel pit was designated a redevelopment area in 2001. Today, Tuscany is a master-planned residential community surrounding an 18-hole championship golf course. • New homes continue to be built in six communities that accent the Tuscany Residential Village with prices ranging from the low $100,000s to the high $300,000s. • At total build out, Tuscany will boast an estimated 2,100 homes. John F. Marz Councilman Gerri Schroder TUSCANY HOMES Councilwoman CITY STAFF Bristol S. Ellington Interm City Manager Josh M. Reid City Attorney Sabrina Mercadante City Clerk Fred Horvath Assistant City Manager Richard A. Derrick Chief Financial Officer 22 35 35 35 BUSINESS & REAL ESTATE | REDEVELOPMENT LAKEMOOR CANYON REDEVELOPMENT AREA A previous manganese mine, this area is located south of Lake Las Vegas, across Lake Mead Parkway and bordering the Lake Mead National Recreation area. Lakemoor, once known as Three Kids Mine, provided the base mineral that drove magnesium production at local manufacturing plants. The site has been contaminated and undeveloped since 1961 when production stopped. TABLE OF CONTENTS Community Location . . . . . . . . . . . . . . . . . . . . Developing Master-Planned Communities Public Schools Located in Henderson . . Private and Charter Schools . . . . . . . Libraries and Post-Secondary Educational Parks and Recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 8 8 9 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 14 15 16 17 17 18 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retail Corridors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 20 21 21 22 22 23 24 25 25 26 27 29 30 30 31 • The Three Kids Mine Remediation and Reclamation Act was signed by President Obama on July 25, 2014. • Developers are now working with Nevada Department of Environmental Protection (NDEP) on a clean-up plan. Demographics United States Census Counts . . . . . . . . Fastest-Growing Incorporated Places Population Projections . . . . . . . . Population Growth by ZIP Code . . . Housing Unit Counts . . . . . . . . . Race and Culture . . . . . . . . . . . Education Levels . . . . . . . . . . . Age and Gender . . . . . . . . . . . Household Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Business and Real Estate Business Activity . . . . . . . . . . . . . . . . . . . . . . Business Licenses . . . . . . . . . . . . . . . . . . Building Permits . . . . . . . . . . . . . . . . . . . Assessed Value . . . . . . . . . . . . . . . . . . . . . . . Assessed Value Comparison - Southern Nevada Cities Assessed Value Comparison - Land Use . . . . . . . Property Tax Rate Comparison . . . . . . . . . . . . Henderson Major Business Parks / Industrial Centers / Commercial Real Estate Market Trends . . . . . . . . . . Existing Land Use . . . . . . . . . . . . . . . . . . Future Land Use for Vacant Land . . . . . . . . . . Henderson’s Major Private Employers . . . . . . . . Tourism and Visitor Statistics . . . . . . . . . . . . . . . Resort, Hotel, and Motel Properties . . . . . . . . . Business Assistance Programs . . . . . . . . . . . . Business Start-Up Contacts . . . . . . . . . . . . . Redevelopment Agency . . . . . . . . . . . . . . . . . . 34 34 34 33 BUSINESS & REAL ESTATE | REDEVELOPMENT CORNERSTONE REDEVELOPMENT AREA This former gravel mine at Stephanie and I-215 has been transformed into a 100-acre detention basin, park, lake and recreational facility that is also home to additional commercial, residential, and medical projects. • In the prior fiscal year, DR Horton bought and completed construction of 81 homes which are now owned by residents. In fiscal year 2014, lots were sold to Ryland Homes and Villa Azure to build 74 townhomes and 48 condominium homes, respectively. • KB Homes owns a 40-acre parcel that is being reviewed by the Henderson Planning Commission for 128 single family homes. Developers continue to complete due diligence on the few remaining parcels. EASTSIDE REDEVELOPMENT AREA Eastside encompasses more than 4,500 acres and includes the Pittman, Valley View and East Sunset Industrial Corridor, as well as Landwell’s 2,200 acres. • Cadence 2,200-acre master-planned community At build-out, Cadence will have 13,250 residences and 450 acres for parks, walking and bike trails, and recreational amenities. IN AMER ICA EN SAF PT CITI EST ES 24/7 Wall Street TO Law Street Media Construction is well underway on this development. The first commercial building is complete and construction has begun on residential units. • Cowabunga Bay 23-acre water park, featuring more than 30 water slides and attractions Opened in the summer of 2014 and employs over 400 part-time staff members • Union Village Owner Participation Agreement was adopted providing $80.2 million in tax increment reimbursements for the construction of an Integrated Health Village. This project is anticipated to create over 17,000 direct, indirect and construction jobs in addition to millions in tax revenues for state and local governments. 44 Top 10 Most Appealing Cities in the Nation 10 Safest Cities in Nevada (Vocativ) (Movoto Real Estate Blog) Best Cities for Snowbirds and Retirees 10 Best Cities to Raise Children (Apartments.com) (MyLife.com) 35 Best Cities for People 35 and Under Best Places to Start a Business (Vocativ) (WalletHub.com) Best Cities for Pet Lovers Best Cities for Singles (WalletHub.com) (WalletHub.com) • Valley Health Systems Owner Participation Agreement was adopted providing $33 million in tax increment reimbursements on a $150 million hospital project that will be an anchor for the Union Village development. Expected completion is October 31, 2016. 33 BUSINESS & REAL ESTATE | REDEVELOPMENT DOWNTOWN REDEVELOPMENT AREA- WATER STREET DISTRICT REVITALIZATION As Henderson’s original business and residential center, this area contains Henderson’s most mature neighborhoods, including the Water Street District. Formed in 1995 to revitalize existing businesses and attract new investment, the Downtown Redevelopment Area has made great strides in rejuvenating the economic viability of the area. The Water Street District of the future is imagined as a vibrant place of activity and beauty, the kind of place where people will want to live, work and play. COMMUNITY • The Downtown Master Plan was adopted in June 2014 |Provides flexibility to the development community with the intent to incentivize new construction. • Exclusive Negotiation/Purchase and Sale Agreements were executed with the developers of Southend on Water and Lovelady Brewery Co. two projects that will contain residential and commercial components. DOWNTOWN V ISION 32 HEN NDERSON STROLL 'N ROLL 55 COMMUNITY | LOCATION Located in the southeast corner of the Las Vegas Valley, Henderson features all of the characteristics of a premier, well-rounded city. Henderson’s appeal is largely due to quality master-planned communities, a wide variety of business opportunities, myriad of nationally or regionally recognized businesses and amenities, and convenient proximity to the Las Vegas Strip; University of Nevada, Las Vegas; McCarran International BUSINESS & REAL ESTATE | REDEVELOPMENT Airport; Lake Mead National Recreation Area; and major highway networks. In addition, Henderson has award-winning parks and recreation facilities and programs, a well-developed educational system from elementary to the university level, and the state's largest retail shopping corridor including Galleria at Sunset. Currently, the City of Henderson’s Redevelopment Agency manages five redevelopment areas: Cornerstone, Downtown, Eastside, Lakemoor Canyon, and Tuscany. Sa 93 To T R no Re In 1995, the City of Henderson recognized the need to revitalize and reinvest in some of its maturing neighborhoods and created the City of Henderson Redevelopment Agency. Since then, Redevelopment has not only provided funding for physical improvements, but has been building communities by attracting new business and private investment that has created new jobs, added public art to neighborhoods, and provided residents with funding to make improvements to their homes. y Apex Industrial Area 95 North Las Ve L V ga V gas Ve Tuscany Lakemoor Canyon Blue Diamond 95 GIBSON RD Boulder City t Cornerstone Downtown Eastside Nevad a Downtown Lakemoor Canyon Tuscany Henderson City Limits HORIZON RID G E PK W Y 66 Redevelopment Areas CLARK COUNTY Cornerstone 15 Primm LA KE Y HW erson cutive port Jean Eastside ME SUNSET RD ER D UL BO T To Phoenix n AD PK WY 215 5 Interstate / Major Street Street Railroad N ev ad Ca lif a or ni a 31 BUSINESS & REAL ESTATE | ASSISTANCE PROGRAMS COMMUNITY | LOCATION Businesses intending to relocate to Nevada and local businesses planning to expand may be eligible for a variety of incentive programs and services. Programs include, but are not limited to, the following: DEVELOPING MASTER PLANNED COMMUNITIES • Green Building Abatements • Sales and Use Tax Abatement • Train Employees Now (TEN) • Sales Tax Deferral • Silver State Works • Sales Tax Exemption • Industrial Development Bonds (IDBs) • Modified Business (Payroll) Tax Abatement • Technical and Support Services TROPICANA AVE "The Strip" • Redevelopment Incentive Programs In the early 1980s the Greenspun family began developing Green Valley, Henderson’s (and Southern Nevada's) first master-planned community. Today, Henderson is home to 27 premier master-planned communities, encompassing nearly 15,000 acres. Fourteen additional master-planned communities are under development or in the planning stages. McCarran Int'l Airport 4 ST SE RO GR EE N Y W PK 280 Water St., City Hall Annex Henderson, NV 89015 Phone: 702-979-2183 (Providing technical assistance to businesses and integrated business outreach program) 555 E. Washington Ave. Las Vegas, NV 89101 Phone: 702-486-2880 (Business entity filings, incorporating a business) Nevada Department of Taxation 2550 Paseo Verde Pkwy., Suite 180 Henderson, NV 89074 Phone: 702-486-2300 (Information concerning state business taxes) O IZ BLACK MOUNTAIN VISTAS CADENCE CORNERSTONE DEL WEBB ANTHEM INSPIRADA LAKE LAS VEGAS MACDONALD HIGHLANDS SEVEN HILLS 200 S. Lewis Avenue, 3rd Floor Las Vegas, NV 89101 Phone: 702-671-0500 (Businesses planning to use a name different than their legal or corporate name; fictitious name certificate [DBA]) SOUTHFORK THE CANYONS AT MACDONALD RANCH Clark County TUSCANY WESTON HILLS City of Henderson Active Master-Planned Community Development * Also in Henderson City Hall on Thursdays only Phone: 702-455-1055 Master-Planned Community Henderson Business Resource Center 112 Water St. Henderson, NV 89015 Phone: 702-992-7200 (Business incubator, information, assistance, counseling and training for Nevada businesses) Existing Units 6/1/15 Maximum Units at Completion Current Estimated Population Percent Complete Acres 0 313 0 0.00% 632 1,195 1,676 3,056 71.30% 421 Cadence 18 13,250 0 0.00% 2,200 Calico Ridge 590 595 1,119 99.20% 222 Cornerstone 845 1,600 1,879 52.80% 218 Black Mountain Vistas Del Webb's Anthem 14,948 15,350 30,530 97.40% 2,535 Inspirada 1,276 13,500 2,925 9.50% 1,940 Lake Las Vegas 1,763 10,231 3,344 17.20% 2,242 392 586 968 66.90% 1,213 Seven Hills 3,223 3,318 7,721 97.10% 1,292 Southfork 1,362 1,749 3,207 77.90% 413 12 900 25 1.30% 607 1,144 2,137 2,570 53.50% 600 822 864 1,847 95.10% 166 MacDonald Ranch Highlands The Canyons at MacDonald Ranch Tuscany Weston Hills 30 R CALICO RIDGE Ascaya Nevada Secretary of State O ASCAYA Henderson Executive Airport Clark County - Clerk's Office * Nevada Small Business Development Center/UNLV Business Start-Up Center, Henderson Satellite Office LA K GIBSON RD PKWY LL EY VA EASTERN AVE Development Services Center 240 Water St., 1st Floor Henderson, NV 89015 Phone: 702-267-1730 (City of Henderson business licensing requirements) LAS VEGAS BLVD City of Henderson, MSC 512 280 Water St., City Hall Annex Henderson, NV 89015 Phone: 702-267-1650 (Resources and assistance for expanding, relocating, and existing businesses) H PKW Y N Y HW City of Henderson - Business License RIDGE R DE UL Economic Development / Redevelopment Clark County BO BUSINESS START-UP CONTACTS Y EM EA DP KW SUNSET RD • Personal Property Tax Abatement Source: City of Henderson, Community Development Department, June 2015. 77 COMMUNITY | HENDERSON SCHOOLS MOUNTAIN VISTA ST PARADIS TROPICANA AVE “The Strip” 215 SUNSET RD 10 STEPHANIE ST EY PKWY GR E E N VALL 1 ARRO YO BLVD. GR A N DE WINDMILL PKWY PECOS RD EASTERN AVE WARM SPRINGS RD EAD EM LAK 17 12 4 19 18 PKW Y 13 16 23 7 HORIZON RI DGE PKW 22 Y HORIZON LAS VEGAS BLVD 15 14 8 PATRICK LN SUNSET RD Private Schools 6 RACE TRACK RD RUSSELL RD VALLE V E R D E D R McCarran International Airport D 3 Y 20 o Salt Lake City 2 To Reno HW Charter Schools 6 High Schools 93/95 R DE UL 5 26 Elementary Schools Lake Las Vegas BO 7 Middle Schools BUSINESS & REAL ESTATE | HOTEL PROPERTIES 9 93/95 11 21 20 To Boulder City Y To Los Angeles 15 KW EP OS .R ST 5 Anthem Anthem M R E S OR T 88 29 COMMUNITY | HENDERSON LIBRARIES & POST-SECONDARY BUSINESS & REAL ESTATE | HOTEL PROPERTIES Henderson is a premier destination featuring resorts such as the M Resort, Green Valley Ranch Resort, Hilton Lake Las Vegas, Westin Lake Las Vegas and the Sunset Station Hotel and Casino. The city currently has over 4,000 hotel/motel rooms. 4 Existing Property Address Phone Number Room Count 1 Green Valley Ranch Resort 2300 Paseo Verde Pkwy., Henderson, NV 89012 702-617-7777 495 2 Westin Lake Las Vegas (Formerly Loew's) 101 Montelago Blvd., Henderson, NV 89011 702-567-6000 493 3 Hilton Lake Las Vegas 1610 Lake Las Vegas Pkwy., Henderson, NV 89011 (Formerly Ravella) 702-567-4700 354 4 Sunset Station 1301 W. Sunset Rd., Henderson, NV 89014 702-547-7777 457 5 M Resort 12300 S. Las Vegas Blvd, Henderson, NV 89044 702-797-1000 390 6 Aston MonteLago Village Resort 30 Strada Di Villaggio, Henderson, NV 89011 702-564-4700 112 7 Fiesta Henderson 777 W. Lake Mead Pkwy, Henderson, NV 89015 702-558-7000 224 8 Courtyard By Marriot 2800 N. Green Valley Pkwy, Henderson, NV 89014 702-434-4700 155 9 Homewood Suites by Hilton - St Rose 10450 S. Eastern Ave Henderson, NV 89052 702-450-1045 145 10 Hilton Garden Inn 1340 W. Warm Springs, Henderson, NV 89052 702-322-9000 139 11 Hampton Inn & Suites - St Rose 3245 St. Rose Pkwy., Henderson, NV 89052 702-385-2200 132 12 Springhill Suites 1481 Paseo Verde Pkwy., Henderson, NV 89012 702-270-0995 120 13 Comfort Inn & Suites 475 Marks St., Henderson, NV 89014 702-387-6500 127 14 Residence Inn 2190 Olympic Ave., Henderson, NV 89014 702-434-2700 126 15 Railroad Pass 2800 S. Boulder Hwy., Henderson, NV 89002 702-294-5000 120 16 Best Western Plus Henderson 1553 N. Boulder Hwy., Henderson, NV 89011 702-564-9200 115 17 Townplace Suites 1471 Paseo Verde Pkwy., Henderson, NV 89012 702-896-2900 128 18 Holiday Inn Express 441 Astaire Dr., Henderson, NV 89014 702-990-2323 101 19 Hampton Inn & Suites -Warm Springs 421 Astaire Dr., Henderson, NV 89014 702-992-9292 99 20 Wingate Inn & Suites (Is now Best Western Plus-St Rose) 3041 St. Rose Pkwy., Henderson, NV 89052 N/A N/A 21 Best Western Plus - St Rose 3041 St. Rose Pkwy., Henderson, NV 89052 (Formerly Wingate Inn & Suites) 702-568-0027 99 22 Hawthorn Suites by Wyndham 910 S. Boulder Hwy., Henderson, NV 89015 702-568-7800 71 23 America's Best Value Inn 85 W. Lake Mead Pkwy, Henderson, NV 89015 702-564-1712 58 TOTAL NUMBER OF HOTEL ROOMS 28 Area Libraries 20 Private Colleges 3 Public Colleges 4260 99 COMMUNITY | PARKS AND RECREATION BUSINESS & REAL ESTATE | TOURISM STATISTICS Over the past decade, Henderson has experienced significant growth in hotel/motel room inventory, number of attractions and visitors. In 2000, the city had a total room inventory of 1,752. Since then, the total number of hotel/ motel rooms has more than doubled (see table page 28). In 2014, Henderson hotels and motels generated nearly one million room nights, bringing over 580,000 visitors to the city. Additionally, average daily rate increased by 6.3 percent while the citywide occupancy remained flat at 70.8 percent. Room Nights and Occupancy 2004 - 2014 Occupancy ANTHEM HILLS TR A IL L Avg. Daily Rate (ADR) Year Room Nights Visitor Volume Citywide Average Hotel Citywide Average Hotel 2004 697,599 409,904 82% 83% $118.00 $126.17 2005 785,713 461,680 81% 82% $131.06 $139.05 2006 791,359 454,823 82% 83% $133.79 $140.84 2007 811,497 476,830 77% 78% $139.19 $148.32 2008 836,321 491,417 72% 74% $127.08 $135.06 2009 845,369 496 ,733 60% 63% $99.87 $105.80 2010 886,747 521,047 63% 67% $85.39 $93.38 2011 957,029 562,344 64% 66% $86.48 $92.57 2012 987,621 565,880 68% 71% $88.47 $95.20 2013 965,794 567,494 70% 74% $88.46 $94.59 2014 995,581 584,997 71% 73% $94.05 $101.66 Source: Annual report of each local hotel/motel property The Gold Medal Award-winning City of Henderson Public Works, Parks and Recreation Department is accredited through the Commission for Accreditation of Park and Recreation Agencies (CAPRA) and is committed to providing residents with a variety of life-enriching classes, workshops and events. These programs are hosted at 63 neighborhood and community parks, 11 aquatic facilities, and 8 recreation 63 10 10 Parks 11 centers (including two centers for adults 50+). The City of Henderson's extensive 184-mile trail system provides an opportunity for recreation and serves as a mode of alternate transportation. Our Outdoor Recreation section also offers a variety of organized walks, hikes, rides, and educational activities that will enrich your life and put you in touch with nature. Aquatic Facilities 8 Recreation Centers L A K E L A S V EG A S 27 BUSINESS & REAL ESTATE | PRIVATE EMPLOYERS The city's pro-business climate is evident in the names that have been attracted to Henderson. Companies in a variety of industries call Henderson “home.” Office development, regional corporate headquarters for large companies, as well as retail and specialty retail developments are expected to increase the diversity of employment opportunities. Trade Name Size class Industry ST. ROSE DOMINICAN-SIENA 1500 to 1999 employees General Medical and Surgical Hospitals GREEN VALLEY RANCH 1500 to 1999 employees Casino Hotels M RESORT SPA CASINO 1000 to 1499 employees Casino Hotels SUNSET STATION HOTEL & CASINO 1000 to 1499 employees Casino Hotels ST. ROSE DOMINICAN HOSPITAL ROSE DE LIMA CAMPUS 700 to 799 employees General Medical and Surgical Hospitals FIESTA HENDERSON CASINO HOTEL 600 to 699 employees Casino Hotels TITANIUM METALS CORPORATION OF 500 to 599 employees Nonferrous Metal (except Aluminum) smelting SUNRISE CARPENTRY INC 400 to 499 employees Residential Framing Contractors POLY-WEST INC 400 to 499 employees Unsupported Plastics Bag Manufacturing WAL-MART SUPERCENTER 400 to 499 employees Warehouse Clubs and Supercenters BARCLAYS SERVICES LLC 400 to 499 employees Credit Card Issuing UNILEVER MANUFACTURING (US) 300 to 399 employees Ice Cream & Frozen Dessert Manufacturing CASHMAN EQUIPMENT COMPANY 300 to 399 employees Construction Equip Merchant Wholesalers WAL-MART SUPERCENTER 300 to 399 employees Warehouse Clubs and Supercenters COSTCO WHOLESALE CORP 300 to 399 employees Warehouse Clubs and Supercenters CSAA INSURANCE EXCHANGE 300 to 399 employees Claims Adjusting WESTIN LAKE LAS VEGAS RESORT & SPA 300 to 399 employees Hotels (except Casino Hotels) and Motels YOUR VITAMINS INC 200 to 299 employees Pharmaceutical Preparation Manufacturing LEVIS STRAUSS & CO 200 to 299 employees Mens/Boys Clothing Merchant Wholesalers FINDLAY TOYOTA 200 to 299 employees New Car Dealers CARMAX AUTO SUPERSTORES INC 200 to 299 employees Used Car Dealers FEDEX GROUND PacKaGe SYSTEM INC 200 to 299 employees Couriers CREDIT ACCEPTANCE CORPORATION 200 to 299 employees Sales Financing REPUBLIC SILVER STATE DISPOSAL 200 to 299 employees Solid Waste Collection ROSEMAN UNIVERSITY 200 to 299 employees Colleges and Universities TOURO UNIVERSITY 200 to 299 employees Colleges and Universities MED-SMART INC 200 to 299 employees Diagnostic Imaging Centers HEALTHSOUTH REHABILITATION 200 to 299 employees Other Hospitals TLC CARE CENTER 200 to 299 employees Nursing Care Facilities DELMAR GARDENS OF GREEN ValLeY 200 to 299 employees Nursing Care Facilities LAKE MEAD HEALTH & REHABILITATION 200 to 299 employees Nursing Care Facilities LIVING ASSISTANCE SERVICES-VISITING 200 to 299 employees Services for the Elderly and Disabled COWABUNGA BAY 200 to 299 employees Amusement and Theme Parks RAILROAD PASS HOTEL AND CASINO 200 to 299 employees Casino Hotels 26 DEMOGRAPHICS 11 11 DEMOGRAPHICS | UNITED STATES CENSUS COUNTS BUSINESS & REAL ESTATE | LAND USE The United States Census is conducted every 10 years, in years ending in zero, to count the population and housing units for the entire United States. Its primary purpose is to provide the population counts that determine how seats in the U.S. House of Representatives are apportioned. Vacant land accounts for 40 percent of the total land within Henderson city boundaries. Low density residential land use accounts for the majority of the developed land within the City of Henderson (21 percent). Land used for right-of-way purposes such as streets, flood control facilities, and railroads is the next highest use (13 percent). Land categorized as public/semi-sublic (8 percent) includes uses such as parks, golf courses, schools, and municipal buildings. In 2010 (the most recent federal census), the City of Henderson had experienced extraordinary growth with the population increasing by 82,348 residents since the 2000 census and 192,787 since 1990. Population April 1, 1950-2013 Year Population Increase Increase 1950 5,717 - - 1960 12,525 6,808 119% 1970 16,400 3,875 30% 1980 23,376 7,976 49% 1990 64,942 40,566 166% 2000 175,381 110,439 170% 2010 257,729 82,348 44% 2013* 270,798 13,069 5% Source: U.S. Census Bureau, American Community Survey Henderson Existing Land Use by Category Existing Land Use Category Low Density Residential Percent 14,683 20.91% 539 7.70% High Density Residential 3,692 5.26% Industrial 1,160 1.65% Commercial 5,719 8.15% Public/Semi-Public 5,815 8.28% Other 1,064 1.51% Right-of-Way 9,302 13.25% 28,234 40.22% Medium Density Residential Vacant 12 Acres 25 BUSINESS & REAL ESTATE | MARKET TRENDS DEMOGRAPHICS | GROWTH FASTEST-GROWING U.S. INCORPORATED PLACES Over the past decade, Henderson has consistently been on the list of the fastest-growing places (over 100,000). Rank HARSCH PROPERT IES The Henderson commercial market added 195,000 square feet of completions during 2014. Commercial Real Estate Supply Considerations / Henderson Market Area Existing Supply Sector Future Supply Total Inventory Vacant Inventory Under Construction Planned Office 13,290,000 3,278,000 0 1,000,000 Industrial 11,945,000 603,000 82,000 240,000 Retail 13,182,000 894,000 11,000 488,000 Total 38,417,000 4,775,000 93,000 1,728,000 Source: Applied Analysis Commercial Real Estate Snapshot / Henderson Market Office 2013 2014 Vacancy Rate 27.7% 26.1% 24.7% Completions 128,000 46,000 0 Net Absorption 198,000 248,000 190,000 2012 2013 2014 Vacancy Rate 10.7% 7.7% 5.0% Completions 0 0 70,000 445,000 349,000 386,000 2012 2013 2014 Vacancy Rate 8.1% 8.4% 6.8% Completions 103,000 12,000 195,000 Net Absorption 237,000 -19,000 385,000 Industrial Net Absorption Retail 24 2012 Source: Applied Analysis Geography April 1, 2010 Census Population Estimate (as of July 1) 2010 2011 2012 2013 2010 to 2013 2000 2000 to 2013 1 Gilbert, Arizona 208,453 209,468 214,014 221,223 229,972 10.34% 109,697 109.64% 2 North Las Vegas, Nevada 216,961 216,946 218,952 223,033 226,877 4.70% 115,488 96.45% 3 Fayetteville, North Carolina 200,564 200,865 201,532 201,834 204,408 1.91% 121015 68.91% 4 Cape Coral, Florida 154,305 154,825 157,788 161,492 165,831 7.47% 102,286 62.12% 5 Fontana, California 196,069 197,009 199,724 201,217 203,003 3.54% 128929 57.45% 6 Raleigh, North Carolina 403,892 406,324 414,094 423,338 431,746 6.88% 276,093 56.38% 7 Henderson, Nevada 257,729 258,004 260,045 265,285 270,811 5.20% 175,381 54.41% 8 Fort Worth, Texas 741,206 745,937 761,704 778,084 792,727 6.83% 534,694 48.26% 9 Chula Vista, California 243,916 244,716 248,436 252,545 256,780 5.27% 173,556 47.95% 10 Bakersfield, California 347,483 348,938 353,341 357,603 363,630 4.62% 247,057 47.18% 11 Charlotte, North Carolina 731,424 738,710 755,928 774,442 792,862 7.76% 540,828 46.60% 12 Peoria, Arizona 154,065 154,362 156,618 159,746 162,592 5.52% 112,936 43.97% 13 Grand Prairie, Texas 175,396 175,976 178,723 181,667 183,372 4.50% 127,427 43.90% 14 Chandler, Arizona 236,123 236,697 239,801 245,671 249,146 5.49% 176,581 41.09% 15 Laredo, Texas 236,091 237,076 240,847 244,778 248,142 5.11% 176576 40.53% 16 Orlando, Florida 238,300 239,425 243,794 250,159 255,483 6.97% 185951 37.39% 17 Irvine, California 212,375 213,366 220,367 229,373 236,716 11.71% 173072 36.77% Source: U.S. Census Bureau, American Community Survey 13 DEMOGRAPHICS | POPULATION PROJECTIONS Official census data shows that over the decade between 2000 and 2010, the city’s population increased by nearly 50 percent. Between the time the two most recent census surveys were taken, an average of nearly 900 new residents a month chose to call Henderson home. Even though the percentage of growth has varied because of the growing population base, the actual number of new residents per year during that period had been relatively stable, slowing only as signs of an economic BUSINESS & REAL ESTATE | BUSINESS AREAS downturn were beginning to manifest. Today, Henderson continues to attract new residents and enjoys positive growth even though that rate has slowed significantly. The Population Projections Table below are trends and projections for upcoming census and mid-census year data compiled by the City of Henderson Community Development Department, and may offer a more timely representation of current population trends. Henderson Major Business Parks / Industrial Centers / Retail Corridors Business Park / Industrial Center Major Retail Corridors 1) Gibson Business Park 1) St. Rose Parkway & Eastern Avenue 2) Black Mountain Business Park 2) Sunset Road & Green Valley Parkway 3) Traverse Point Center 3) Galleria at Sunset Sunset Road & Stephanie Street to Warm Springs Road & Marks Street 4) Green Valley & Whitney Mesa Business Parks 4) Boulder Highway & Lake Mead Drive 5) Henderson Executive Airport Center 5) The District at Green Valley Ranch 6) Conestoga Industrial Area 6) Montelago Village at Lake Las Vegas 7) Cornerstone Historical Population Trends and Future Growth Projections 8) Sunpac Industrial Park 9) Black Mountain Industrial Center Total # of New Residents Percent Change 157,376 12,818 8.90% 1999 171,076 13,700 8.70% 2000 185,673 14,597 8.50% 2001 198,226 12,553 6.80% 2002 210,206 11,980 6.00% 2003 220,236 10,030 4.80% 2004 233,506 13,270 6.00% 2005 243,897 10,391 4.40% 2006 256,128 12,231 5.00% 2007 265,790 9,662 3.80% 2008 272,063 6,273 2.40% 2009 275,134 3,071 1.10% 2010 276,428 1,294 0.50% 2015 284,968 8,540 3.10% 2020* 309,314 24,346 8.50% 2025* 333,336 24,022 7.80% 2030* 358,280 24,943 7.50% 2035* 382,659 24,379 6.80% 2040* 405,889 23,230 6.10% Build-Out** 483,267 77,379 19.10% Year 1998 *Estimates ** Build-out reflects the capacity within the existing corporate limits Source: City of Henderson Community Development Department, January 2015. 14 10) Henderson Commerce Center 11) Green Valley Corporate Center 12) Green Valley Corporate Center South 13) Siena Office Park 14) West Henderson Business Centre BARCLAYC CARD 23 BUSINESS & REAL ESTATE | VALUE DEMOGRAPHICS | POPULATION GROWTH BY ZIP CODE ASSESSED VALUE COMPARISON PROPERTY TAX RATE COMPARISON Henderson continues to focus its efforts on recruiting new businesses, strengthening existing businesses, and diversifying the local economy. This includes maintaining a pro-business climate and recruiting a select list of target industries including medical, industrial, financial, educational, and administrative offices, each of which create job opportunities for our residents. For Fiscal Year 2015, Henderson’s city property tax rate continues to be 71 cents per $100 in assessed valuation. Henderson has maintained the same property tax rate for the past 23 years and continues to have one of the lowest rates in the Las Vegas metropolitan area and in Nevada. Henderson's population growth continues to be more evenly spread across the city. The city's population is no longer concentrated in one or two established areas as it has been in the past. "The Strip" TROPICANA AVE McCarran Int'l Airport Property Tax Rate 0.71 P AD ME LA KE P KW Y G R E EN LAS VEGAS BLVD RIDGE P K W 0.2 ST RO SE PK W H O R O IZ Y N Y 0.4 Clark County HW 0.6 Y ER D UL 0.8 5 LL EY 0.96 1.0 EASTERN AVE 1.06 VA 1.16 1.2 KW BO A comparison below of commercial, industrial, and residential assessed value shows that although residential land uses represent by far the highest percent of land use, the city has maintained a balance in land uses through attracting new commercial and industrial development projects. SUNSET RD Y Henderson Executive Airport 89002 89044 89011 89052 89012 89074 89014 89122 89015 89124 Clark County Assessed Value Comparison - Land Use 4,313,348,929 Commercial 8,074,132,497 Residential 489,313,955 Industrial 6,783,755,835 Vacant/Misc. 89122 0% Total Population by ZIP Code 89074 89002 89011 17% 12% 7% 89002 33,912 12% 89011 19,062 7% 89012 32,519 11% 89014 39,429 14% 89052 89012 89015 42,055 15% 18% 11% 89044 17,554 6% 89052 51,613 18% 89074 49,293 17% 89122 835 0% 89014 89015 89044 14% 15% 6% Note: no population exists in the portions of ZIP code 89124 that lie within the boundaries of Henderson 22 15 DEMOGRAPHICS | HOUSING UNITS BUSINESS & REAL ESTATE | ASSESSED VALUE Henderson offers a variety of housing choices, a large majority of which fall into the single detached dwelling category. Single family homes can be found in varying architectural styles, set into many types of neighborhoods. The diversity in housing choices adds to the appeal of Henderson. Nevada does not use a home's market value to calculate property taxes. Instead, property taxes are based on the net assessed value of a home. The assessed value represents 35 percent of the taxable value of the property. This assessed value figure is the base on which revenue for state and local government is calculated. Generally speaking, taxable value is reached by adding the market value of the land and the current replacement cost of improvements, less statutory depreciation. Townhomes Condominiums 6% 7% Apartments City of Henderson Total Assessed Value Housing Units by Type 17% Mobile Homes 82,298 69% Mobile Homes 1,608 1% Residential Multi-Plexes 549 0% Industrial Apartments 19,735 17% Townhomes 7,480 6% Condominium 7,731 7% 1% Multi-Plexes 0% Single Family 69% Parcel Count* Single Family Assessed Land Assessed Improvements+ Assessed Supplemental Assessed Exempt Net Assessed Value Net Taxable Value 648,071 8,074,132,497 30,662,771,204 521,588,701 568,887,118 38,689,605,284 110,541,729,383 4,216 489,313,955 1,453,381,836 26,932,413 50,155,639 1,919,472,565 5,484,207,329 Commercial 16,511 4,313,348,929 15,454,774,951 212,628,457 5,505,600,927 14,475,151,410 41,357,575,457 Vacant/Misc. 67,503 6,783,755,835 48,995,483 25,742,719 4,450,832,066 2,407,661,971 6,879,034,203 2014-15 Totals 736,301 19,660,551,216 47,619,923,474 786,892,290 10,575,475,750 57,491,891,230 164,262,546,371 2013-14 Totals 730,098 17,558,800,005 42,489,672,700 0 10,165,156,403 49,883,316,302 142,523,760,863 0.85% 11.97% 12.07% 0.00% 4.04% 15.25% 15.25% % Growth Assessed Value Comparison FY 2013 FY 2014 Change FY13-FY14 % Change FY 2015 Estimated Change FY14-FY15 % Change Henderson $8,255,600,100 $8,514,933,298 259,333,198 3.10% $9,599,639,616 $1,084,706,318 12.70% Clark County 54,193,378,125 55,218,017,749 1,024,639,624 1.90% 62,898,942,089 $7,680,924,340 13.90% Las Vegas 11,926,888,555 12,251,484,406 324,595,851 2.70% 13,852,723,777 $1,601,239,371 13.10% 3,987,869,401 4,068,384,524 80,515,123 2.00% 4,730,877,154 $662,492,630 16.30% Boulder City 510,495,001 528,726,970 18,231,969 3.60% 609,805,199 $81,078,229 15.30% Mesquite 518,585,360 538,961,318 20,375,958 3.90% 583,373,057 $44,411,739 8.20% North Las Vegas Source: Nevada Department of Taxation 16 SINGLE FAMILY HOMES IN TUSCANY 21 BUSINESS & REAL ESTATE | BUSINESS ACTIVITY 10,430 Active Business Licenses *As of January 1, 2015 13,365 Building Permits Issued in 2014 Building Permit Activity Year Total Bldg Permits Percent Change Commercial/Ind Percent Change 2014 13,365 18% 569 27.3% DEMOGRAPHICS | RACE AND CULTURE Demographic Profile Race Henderson Clark County Nevada USA White 78.80% 62.70% 68.30% 73.70% Black or African American 5.70% 10.80% 8.40% 12.60% American Indian & Alaska Native 0.50% 0.50% 1.10% 0.80% Asian 7.90% 9.30% 7.70% 5.10% Native Hawaiian & Other Pacific Islander 0.40% 0.70% 0.70% 0.20% Some other race 3.00% 11.60% 9.60% 4.70% One race 96.30% 95.50% 95.80% 97.00% Two or more races 3.70% 4.50% 4.20% 3.00% Henderson Clark County Nevada USA Non Hispanic or Latino 86.20% 72.50% 70.00% 82.90% Hispanic or Latino (of any race) 13.80% 27.50% 30.00% 17.10% Hispanic or Latino - Culture * Source: U.S. Census Bureau, American Community Survey *The federal government considers race and Hispanic origin to be two separate and distinct concepts. For this reason, Hispanics may be of any race. For more information, visit www.census.gov Educational Attainment Population 25 years and older Henderson Las Vegas North Las Vegas Reno High School Grad or higher 92.50% 82.50% 77.10% 85.70% Bachelor's Degree or higher 30.70% 21.40% 15.00% 28.90% Source: U.S. Census Bureau, American Community Survey 20 UNILEVER PL ANT 17 DEMOGRAPHICS | AGE, GENDER, INCOME COMPARISON United States Census estimates the largest age group in Henderson as the 40- to 50-year-olds with a combined total of just over 20,000 residents. This represents a slight shift towards younger residents than in recent years in which Henderson experienced the greatest population increases in the 50+ age groups, which grew at higher rates than county, state, and national averages. With the building of age-restricted communities during the 1990s, Henderson had become a place to finish a career or retire, but this trend may be shifting. In addition, according to the 2014 Las Vegas Perspective, Henderson households enjoy an average income level that exceeds that of the county by 23 percent. BUSINESS & REAL ESTATE Age and Gender Henderson Clark County Nevada USA Gender Male 130,792 48.30% 1,017,256 50.20% 1,403,068 50.30% 155,627,698 49.20% Female 140,006 51.70% 2,027,868 49.80% 1,387,068 49.70% 160,501,141 50.80% Under 5 years 12,386 4.60% 133,012 6.60% 177,287 6.40% 19,770,079 6.30% 5 to 9 years 18,728 6.90% 143,533 7.10% 193,023 6.90% 20,606,012 6.50% 10 to 14 years 18,558 6.90% 132,423 6.50% 180,243 6.50% 20,735,582 6.60% 15 to 19 years 13,805 5.10% 128,448 6.30% 178,628 6.40% 21,386,643 6.80% 20 to 24 years 14,314 5.30% 137,323 6.80% 188,071 6.70% 22,719,908 7.20% 25 to 34 years 31,230 11.50% 298,851 14.70% 397,867 14.30% 42,626,555 13.50% 35 to 44 years 40,905 15.10% 288,522 14.20% 379,270 13.60% 40,608,235 12.80% 45 to 54 years 38,912 14.40% 273,777 13.50% 378,190 13.60% 43,674,983 13.80% 55 to 59 years 17,030 6.30% 123,812 6.10% 177,429 6.40% 21,108,252 6.70% 60 to 64 years 17,821 6.60% 108,011 5.30% 159,296 5.70% 18,228,600 5.80% 65 to 74 years 29,639 10.90% 161,925 8.00% 236,888 8.50% 25,213,746 8.00% 75 to 84 years 12,753 4.70% 71,521 3.50% 103,565 3.70% 13,465,490 4.30% 85 years and older 4,717 1.70% 26,710 1.30% 40,379 1.40% 5,984,754 1.90% Total 270,798 100.00% 2,027,868 99.90% 2,790,136 100.10% 316,128,839 100.20% Age Source: U.S. Census Bureau, American Community Survey Household Income in the Past Twelve Months Henderson Las Vegas North Las Vegas Clark County Phoenix Tucson Reno HouseholdsMedian Income $64,489.00 $51,143.00 $56,809.00 $52,876.00 $47,139.00 $37,032.00 $46,770.00 HouseholdsMean Income $83,672.00 $67,948.00 $69,032.00 $69,671.00 $65,199.00 $49,879.00 $64,702.00 Source: U.S. Census Bureau, American Community Survey 18 VADATECH V ADATECH 19