The Specific Plan is not prescriptive with regard to businesses that locate in the plan area provided they are consistent with the plan area zoning requirements. However, it is expected users will include companies involved in ag technology, seed technology, life sciences, environmental science, food science, advanced manufacturing, professional office and numerous related fields. The market will determine the business absorption rate, but it is expected there will continue to be demand for these uses and at this location.
Companies focused on research and development, laboratory science, and advanced manufacturing will continue to need a physical location to do business and development new and cutting edge technologies. Regionally and throughout the Bay Area, demand for lab space is growing and vacancy rates are extremely low. In Woodland, Light Industrial and Flex space that would accommodate growing and new companies is at less than 1% vacancy, an all-time low. Woodland is the center of agriculture in Northern California and located strategically near UC Davis. Companies locating or expanding in the Technology Park will look to take advantage of Woodland’s long history and industry strengths in the food and agricultural sector, the project’s proximity to UC Davis, a leading research university in crop science, and to adjacent agricultural land and open space for field trials.