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Item 17 - Public Hearing - Purchase and Sale Agreement for 1901 W. Walnut Street
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Item 17 - Public Hearing - Purchase and Sale Agreement for 1901 W. Walnut Street
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2/11/2026 8:36:09 AM
Creation date
2/11/2026 7:53:57 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
17
Date
2/17/2026
Destruction Year
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Area Analysis <br />The area features an average household income of <br />$139,051 and a median household income of <br />$97,753. Over the next five years, median <br />household income is expected to increase by <br />13.1 %, or $2,565 per annum. <br />Education <br />A total of 40.4% of individuals over the age of 24 <br />have a college degree, with 26.0% holding a <br />bachelor's degree and 14.4% holding a graduate <br />degree. <br />Employment <br />Health Care/Social Assistance <br />Prof/Scientific/Tech Services <br />Retail Trade <br />Manufacturing <br />Educational Services <br />Accommodation/Food Services <br />Construction <br />Transportation/Warehousing <br />Admin/Support/Waste Mgmt Srvcs <br />Other Services (excl Publ Adm) <br />Source: ESRI 0% <br />2% 4% <br />$120,000 <br />$100,000 <br />$80,000 <br />$60,000 <br />$40,000 <br />$20,000 <br />$0 <br />Source: ESRI <br />MEDIAN INCOME BYYEAR <br />2024 <br />2029 <br />POPULATION BY DEGREE <br />Bachelor's Degree <br />Graduate Degree <br />• Other 4L <br />Source: ESRI <br />6% 8% 10% 12% 14% 16% <br />The area includes a total of 6,530,147 employees and has a 5.9% unemployment rate. The top three <br />industries within the area are Health Care/Social Assistance, Prof/Scientific/Tech Services and Retail <br />Trade, which is a combined total of 33% of the workforce. <br />Source: ESRI, downloaded on Oct 30, 2025; BLS.gov dated Aug 1, 2025 (preliminary) <br />In summary, the area is forecasted to experience a decrease in population and an increase in household <br />income. <br />CBRE VALUATION & ADVISORY SERVICES E © 2025 CBRE, INC <br />
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