Issue link: http://townofcary.uberflip.com/i/791946
CHAPTER 3:WORK Limited Remaining Class A Office Space Of the total remaining developable land within Cary's planning boundary, it is es mated that about 1,400 acres might be suitable for prime "Class A" office. While this may seem like a significant amount of land, there are two key challenges. First, many of these parcels are not currently available on the market. For example, about 400 of the 1,400 acres are owned or controlled by SAS or its development arm, for future expansion of the SAS Campus. Second, the number of large sites is very limited. Excluding the undeveloped SAS proper es, there are only 9 sites of 20 or more acres, and only 21 sites of 10-20 acres suitable for prime office within the en re planning area. There are therefore very few remaining premier sites in Cary's planning jurisdic on for major businesses looking to locate to the area, which could be a significant limita on for future economic development efforts. As the Town grows, it is cri cal to monitor and protect these prime sites for future employment growth and business recruitment, and not convert them to residen al or commercial uses. Cary's inventory of developable land suitable for office and industrial development (shown above as of 2015) is diminishing over me. And very few of these sites are premier loca ons for new businesses looking to locate within the region. To stay compe ve, Cary must reserve its few remaining Class A office spaces and premier industrial loca ons for new business development. Supporting Telecommuting and Internet-Based Businesses The Town of Cary has long supported the expansion of internet- based businesses and telecommu ng by striving to provide premium broad band infrastructure. Recent developments, including AT&T's and Google's high-speed fiber op c internet services soon to be established within Cary and the Triangle Region, will greatly advance the capabili es of these types of businesses. Over me, the Town will need to monitor infrastructure needs and implement evolving technological advancements to maintain its compe ve edge. 36