Downtown Northampton Economic Indicators (August 2016)

These economic indicators, compiled by Economic Development Director Terry Masterson, offer statistics and data trends on the health and vibrancy of downtown Northampton. These measures are important ways for us to work towards improving the attractiveness and vitality of our downtown. March 2016 is used as the starting point-in-time for data collection and analysis, references are cited when applicable. Numbers of businesses are an estimate.  Only include first floor retail is counted but Thorne's is included. These economic indicators will be updated in February and August.

The boundary lines used in the report include:
West: Smith College Gates
East: Market and Hawley Streets
North: Center and King Streets and Allan Place
South: Pleasant and Holyoke Streets

 
  1. Business Inventory
  2. Business Activity
  3. Storefront Vacancies
  4. Retail Rents
  5. Building Values
  6. Key Local Revenues
  7. Attendance Figures & Estimates

Business Inventory

  • Downtown has retail shops occupying over 200,000 square feet of space.
  • Food and beverage total 71 businesses or 31%
  • Books, jewelry, clothing and specialty items total 40 stores or 21%
  • Out of 230 shops, only 9 (5%) are national chains or brands which speaks to large local ownership

Inventory by Business Category    
Total Businesses 230  
Eating Establishments 40 17%
Bars 14 6%
Tea and Coffee 9 4%
Dessert and Sweet Shop 8 3.5%
Total Food Venues 71 31%
     
Clothing 19 8%
Specialty/Unique/Gift 20 9%
Hair Salons/Barbers 11 5%
Jewelry 7 4%
Bookstores 6 3%
Art Galleries 5 2.5%
Banks 7 4%
Fitness or Yoga 7 4%
Antique 8 4%
Body Art 3 1%
Computer 3 1%
Food Market Stores 4 2%
Miscellaneous 59 26%
Total
159 69%
 *These numbers are based on a walk through downtown and are an estimate.    



Inventory Comparison by Community:


 
   
Northampton 230
Amherst 74
Easthampton 82