Different industries require different amounts of space

Assignment Help Business Economics

Reference no: EM133636819

Questions

1. Different industries require different amounts of space. Suppose that somebody working in software development requires 100 square feet of space to do their job, that somebody working in an insurance company would require 250 square feet of space. Suppose also that 3,000,000 square feet of space is used by insurance companies and that 5,000 employees are now working in software development in the Kitchener area. Over the next year, employment in software development is expected to increase by 10%, and employment in the insurance sector is expected to decrease by 20%. Using this information, estimate the increase in square feet demanded for use in the office sector in the Kitchener area.

2. The location quotient for the information and communications technology (CIT) sector (of which software development is the majority of employment) in the Kitchener area is 2.8. Under what conditions is that fact a positive sign (from the perspective of an owner of a local multi-residential property)?

3. Suppose that the government of Ontario decides to spend $1b in the Kitchener area to stimulate the economy. In terms of the price of office properties, how would the effects of this policy differ from the Central Business District and the fringe areas?

Reference no: EM133636819

Questions Cloud

Identify a significant career challenge steve jobs faced : Identify a significant career challenge Steve Jobs faced and explain how he handled the challenge.

How can you add value to your skills as a manager : How can you add value to your skills as a manager by understanding the basics of diagnostic coding? Be as specific as you can.

How have the experiences shaped your view of death : How have these experiences shaped your view of death and impacted your ability to demonstrate the qualities of empathy?

Discuss why antibiotics and iv fluids are indicated in case : Identify the clinical findings from the case that supports a diagnosis of acute diverticulity. Discuss why antibiotics and IV fluids are indicated in this case.

Different industries require different amounts of space : Different industries require different amounts of space. Suppose that somebody working in software development requires 100 square feet of space to do their job

What are two good examples of a complex password : Briefly define each of the three members of the information security triad and What are two good examples of a complex password?

How can the us prevent intelelctual property : How can the U.S. prevent intelelctual property theft with increased cyber securoty on anational level?

How has the covid-19 pandemic affected the business : Provide a brief overview of the retail sector in which the retailer operates. For example, what 'headwinds' and/or 'tailwinds' is the industry facing?

Equality in distribution of income synonymous : Are the concepts of fairness and equality in the distribution of income synonymous? To what extent is income inequality consistent with fairness?

User Account

All Pages