Text · page 18 of 154
Read the whole document on one page (all 154 pages, each with its own heading)
18 Town of Aurora Economic Projections Commuting Characteristic # % Since 2000, unemployment trends in Mode of Transportation Aurora and Erie County have closely mirrored those of New York State. Car/Carpool 5,552 82% Aside from the temporary spikes Work From Home 1,016 15% caused by the 2008 financial crisis and COVID-19 pandemic, all three Walk, Bike & Rideshare 446 3% areas have experienced declines in Travel Distance unemployment since 2012. <10 miles 2,447 36.8% Since 2003, Erie County has 10-25 miles 3,333 50.1% experienced a slightly stronger increase in total business 25-50 miles 316 4.8% establishments, growing by 9.9% >50 miles 553 8.3% compared to the 7.0% growth across the WNY region. However, this growth Place of Employment was not uniform across all industries, City of Buffalo 1,255 18.9% as five of the 21 sectors in Erie County saw declines. East Aurora 965 14.5% Cheektowaga 335 5% The most significant decreases in establishments occurred in Mining, West Seneca 290 4.4% Wholesale Trade, and Manufacturing. Other 3,804 57% In contrast, notable gains were recorded in the Management of Companies, Transportation & Warehousing, Unclassified, Administrative & Waste Services, and Fig. 7: Unemployment Trends Government sectors. The employment projections by industry provide a clue into which type and the approximate square footage (sq ft) of additional building space that will be needed in the future. The annual gross demand in the Town of Aurora (Census Tracts 138, 139 & 140) is estimated to be over 30,022 sq ft across all industry sectors over the next decade. • The Manufacturing sector is expected to grow the most, comprising 74% of the demand for the area. • The Accommodation & Food Services, and Arts, Entertainment, & Recreation sectors will drive the next greatest annual gross demand for additional space: 7,664 sq ft and 3,354 sq ft respectively. • Based on these employment statistics and knowledge of the regional and local economies, LaBella performed an economic and real estate market analysis for the following market sectors: office and industrial.