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. Storefront Vacancies
  3. Retail Rents
  4. Building Values
  5. Key Local Revenues
  6. 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




New Business Openings

  

In the last 12 months Northampton has seen the following businesses open their doors to customers:

Business Transitions and Modifications

  

Several downtown businesses have changed owners, relocated within downtown, undertaken renovations or altered their business plan while continuing to invest in downtown Northampton:

Business Closings



The following downtown businesses have closed:
  • Berkshire Yogurt, 10 Bridge Street
  • Subway, 93 Main Street
  • Iris Photo, 164 Main Street
  • United Bank, 180 Main Street
  • Hinge, 48 Main Street
  • Western Village Ski and Sports, 32 Main Street
  • Mercantile, 108 Main Street
  • Deals on Main, 114 Main Street
  • Soora Resaurant, 1 Roundhouse Plaza #4
  • Sip, 8 Crafts Avenue
  • Zen, 41 Main Street
  • One Bar & Grill, 1 Pearl Street
  • Dunkin Donuts, 273 Main Street

The projects below represent growth and investment into the vibrancy of downtown Northampton.

Major Developments 2016 
 Projects in 2016  Value Type Sq. Ft Description
 Totals: $117M   540,000  
Round Hill Summit $4.8M Housing 45,000 41 Rental Units - Former Clarke Campus
 Rockwell Place $6.5M Housing  26,000 25 Condo Units - Old State Hospital Campus
Christopher Heights  $8.0M Housing 56,000 83 Units- Senior Assisted Living
Live 155 - Pleasant St. $14.0M Housing 58,000 70 Market Rate & Affordable/2,800 s/f Retail
 Valley CDC Lumber Yard $19.4M Housing 45,000 55 Units Mixed Income - 3,100 Retail/2,200 Office
Upper Ridge Ford Crossing $10M Housing  60,000 28 Units - Condominiums
St. John's Church $25.0M Housing  65,000 61 Units - Senior Independent Living
Violette's Crosssing $7.5M Housing 34,000 25 Units - Independent Living Apartments
33 Hawley Street $6.8M Arts Center 25,000 Multi-Purpose Arts/Cultural Center
Check Writers HQ $4.0M Office 46,000 Corporate HQ - Former Clarke School Campus
1 Atwood Drive $7.0M Office 60,000 Class A Office - 3 Story Building
9.5 Market Street $1.6M Office 9,000 Micro/Shared Office Suites - Downstown
100 Main Street $1.2M Office/Retail 7,000 Office/Retail 2 Story in Florence
UMass Credit Union $2.0M Retail 4,000 Client Service Center