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- 2018 Northampton Indicators
2018 Northampton Indicators
- Stores by Category
- Retail Activity Totals
- Attendance Data
- Retail Rents
- Building Sales and Values
- List of Development Projects
Inventory by Business Category | ||
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Overview: There are 231 retail businesses within Downtown Northampton compared with approximately 74 stores in Amherst and 82 in Easthampton. The estimates for Amherst and Easthampton are based on a walk through of their downtowns. | ||
TOTAL | 231 | 100% |
Eating Establishments | 46 | 19% |
Tea and Coffee | 10 | 4.4% |
Dessert and Sweet Shop | 10 | 4.4% |
Bars | 11 | 4.7% |
Liquor | 3 | 1.3% |
Food Markets | 2 | 0.8% |
TOTAL Food and Beverage: | 82 | 36.2% |
Music/Entertainment Venues | 5 | 2.1% |
Art Galleries | 5 | 2.1% |
TOTAL Venues: | 10 | 4.2% |
Clothing | 19 | 8.2% |
Specialty/Unique/Gift | 18 | 7.8% |
Guitars/Music | 3 | 1.3% |
Hair Salons/Barbers | 18 | 7.8% |
Jewelry | 6 | 2.6% |
Bookstores | 7 | 3.0% |
Banks | 7 | 3.0% |
Fitness or Yoga | 6 | 2.6% |
Health/Wellness | 3 | 1.3% |
Antique | 2 | 0.8% |
Body Art/Tattoo | 4 | 1.7% |
Shoes | 4 | 1.7% |
Flowers | 1 | 0.4% |
Furniture | 2 | 0.8% |
Vapor/Tobacco | 2 | 0.8% |
Phones | 3 | 1.3% |
Laundry | 3 | 1.3% |
Computer | 2 | 0.8% |
Pharmacies | 2 | 0.8% |
Miscellaneous | 27 | 11.7% |
Sub Total | 139 | 59.7% |
Grand Total | 231 | 100% |
Retail Activity:
|
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Retail Activity Totals: 2016-2017 |
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Category | 2018 | 2017 | 2016 |
---|---|---|---|
Total Stores | 231 | 232 | 220 |
Vacancy Rate | 6.5% | 6.0% | 6.4% |
Vacancies | 15 | 14 | 14 |
New Arrivals | 9 | 17 | 11 |
Vacant to Re-Occupied | 14 | 14 | 12 |
Transfers | 1 | 2 | 8 |
Departures | 8 | 7 | 14 |
Retail, Arrivals, Departures and Transfers: |
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New Arrivals: 9 | ||
Business Name | Address | Product/Service |
The Pure Spa & Massage | 30 Strong Avenue | Health/Wellness |
Progression Brewing Co. | 9 Pearl Street | Brewery/Pub |
Ananda Khalsa | 15 Strong Avenue | Jewelry |
Tim's Books | 183 Main Street | Books |
Yokohama Ramen | 88 Main Street | Asian Noodle Soups |
CB Upton Massamont Realty | 112 Main Street | Residential Real Estate |
Disapearing inc. | 271 Pleasant Street | Tattoo Removal |
Body by Bella Med Spa | 1 Roundhouse Plaza | Body Sculpting |
Grapefruit | 5 Market Street | Gift Shop |
Departures: 8 | ||
Bee Hive Sewing | 271 Pleasant Street | Knitting/Sewing Education |
Hugo's Bar | 287 Pleasant Street | Bar |
Adam's Jewelry | 183 Main Street | Jewelry |
Monella | 150 Main Street | Women's Clothing |
The Foundry | 24 Main Street | Bar |
Backyard Birds | 15 Strong Avenue | Bird Seed and Bird Novelty Items |
Banh Mi Spot | 18 Main Street | Asian Food |
L&M Antiques | 5 Market Street | Antiques |
Expansions: 6 & Transfers: 1 | ||
Northampton Olive Oil | 150 Main Street | Expanded within 150 Main Street |
Blue Marble | 150 Main Street | Expanded within 150 Main Street |
The Backstop Massage | 150 Main Street | Expanded within 150 Main Street |
Forget Me Not Florist | 112 Main Street | Expanded to 112 Main from (2) locations |
Northampton Bicycle | 287 Pleasant Street | Expanded within 287 Pleasant Street |
Tim's Books | 183 Main Street | Expanded from 90 King to 183 Main Street |
Nite Owl Tattoo | 110 Pleasant Street | Transferred to Service Center Road |
List of Re-Occupied Storefronts 2016-2018 |
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Storefront | YE 2018 | YE 2017 | YE 2016 | 2016-Jan. |
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Storefront | YE 2018 | YE 2017 | 2016-Jan. | |
2018: 14 | ||||
15 Strong Ave. | Ananda Khalsa | Back Yard Birds | Back Yard Birds | Back Yard Birds |
30 Strong Ave. | Pure Spa Massage | Vacant | Vacant | Vacant |
9 Pearl St. | Progression Brewing | Vacant | Vacant | Gleason's Camping |
88 Main St. | Yokohama Ramen | Vacant | Essentials | Essentials |
112 Main St. | CB Massamont Realtor | Vacant | Ci Ci Boutique | Ci CI Boutique |
114 Main St. | Forget Me Not Florist | Grateful Hound | Deals N Steals | Deals N Steals |
150 Main St. | NHT Olive Oil | Forget Me Not Florist | Forget Me Not Florist | Forget Me Not Florist |
150 Main St. | Blue Marble | Monella | Monella | Monella |
150 Main St. | Back Stop Massage | NHT Olive Oil | NHT Olive Oil | NHT Olive Oil |
183 Main St. | Tim's Books | Adams Jewelry | Adams Jewelry | Adams Jewelry |
271 Pleasant St. | Disapearing inc | Bee Hive Sewing | Bee Hive Sewing | Bee HIve Sewing |
287 Pleasant | Northampton Bicycle | Hugo's Bar | Hugo's Bar | Hugo's Bar |
5 Market St. | Grapefruit | L&M Antiques | L&M Antiques | L&M Antiques |
1 Roundhouse | Body by Bella Med Spa | Forget Me Not Florist | Forget Me Not Florist | Forget Me Not Florist |
2017: 14 | ||||
48 Main Street | Patisserie Lenox | Vacant | Vacant | Hinge Closed 11/2015 |
108 Main Street | Strada/Essentials | Antiquarian | Antiquarian | Antiquarian |
112 Main Street | Coldwell Re (Jan. '18) | CiCi Boutique | CiCi Boutique | CiCi Boutique |
141 Main Street | Penny Lane | Ben/Bills Chocolate | Ben/Bills Chocolate | Ben/Bills Chocolate |
150 Main Street | Assemble | Vacant | Left Click | Left Click |
150 Main Street | Footbeats | Strada | Strada | Strada |
153 Main Street | THELo | J Rich | J Rich | J Rich |
159 Main Street | Belly of the Beast | Lhasa Cafe | Lhasa Cafe | Lhasa Cafe |
207 Main Street | Greenfield Savings | Casa Del Sol | Casa Del Sol | Casa Del Sol |
229 Main Street | Sub Zero | Vacant | Vacant | Happy Valley |
273 Main Street | Shelburne Coffee | Vacant | Vacant | Dunkin Donuts |
7 Pearl Street | Castle Arch. Salvage | Deals N Steals | Deals N Steals | Deals N Steals |
90 King Street | Cricket Wireless | Vacant | Vacant | Hampshire Frame/Art |
84 Pleasant St. | Asian Taste | Siam Square | Siam Square | Siam Square |
2016: 7 | ||||
114 Main Street | Grateful Hound | Grateful Hound | Deal | Deals N Steals |
1 Pearl | Deals N Steals | Deals N Steals | One Bar | |
10 Bridge | Nourish Cafe | Nourish Cafe | Berkshire Yogurt | |
28 Pleasant St. | NHT Running | NHT Running | Vacant | |
55 Pleasant St. | Bacon Wilson | Bacon Wilson | Vacant | |
8 Crafts Ave. | Glazed Donuts | Glazed Donuts | SIP | |
16 Armory St. | Brits R Us | Brits R Us | Theory Skateboard | |
2016 July: 5 | ||||
32 Main Street | Theory Skateboard | Theory Skateboard | Western Village Ski | |
41 Main Street | Oriental Flavor | Oriental Flavor | Zen | |
164 Main Street | Birdhouse Music | Birdhouse Music | Iris Photo | |
177 Main Street | Happy Valley | Happy Valley | Hempest | |
180 Main Street | Verizon Wireless | Verizon Wireless | Vacant |
List of Vacant Storefronts and Buildings |
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Vacant Storefronts (15) | Vacant Buildings (5) |
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6 Strong Avenue ( Expressions Coffee/Tea occupied this in Feb. 2019) | 6 Strong Avenue |
8 Pearl Street (Former Gas Station) | 8 Pearl Street (Frmr Service Station) |
24 Main Street (Formerly The Foundry) | 298 Main Street (Frmr First Baptist Church) |
50 Main Street (Formerly Spoleto's) | 47 Center Street (Frmr Masonic Building) |
150 Main Street (Former Blue Marble space in Thorne's) | 236 Pleasant Street (Frm Brake King) |
90 King Street (Former Tim's Books) | |
34 Pleasant Street | |
58 Pleasant Street (Formerly Marinello Beauty School) | |
76 Pleasant Street (Formerly Deals N Steals) | |
88 Pleasant Street (Former Grubb Restaurant) | |
21 Center Street | |
24 Center Street | |
65 State Street (Former Serio's Food Market) | |
155 Pleasant Street (This is newly constructed retail space) | |
110 Pleasant Street (Former Nite Owl Tattoo) |
Northampton Attendance and Visitorship FiguresOne Time and Return VisitorshipThis list is designed to detail the high volume of visitors to Northampton. These figures comprise either one time or return visitors. For example, the total visitorship number for Thornes' Marketplace, the retail emporium, reflects total visitors who could be one time and/or frequent patrons. How Attendance is Calculated Attendance is based either on data collected from the venues listed below or conservative estimates. For example, Northampton's major hotels attract thousands of visitors who stay for more than one day and will generate more local consumer spending than a day visitor. Hotel data is proprietary so a conservative estimate of 50% occupancy with 1.5 guests per room has been calculated. |
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Attendance Grand Totals: 1.6 Million | |
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Venues | Attendance |
3 County Fairgrounds | 100,000 |
Entertainment Venues | 80,000 |
Museums | 47,000 |
Thorne's Marketplace | 700,000 |
Downtown Street Events | 57,000 |
Hotels | 92,000 |
Look Park | 500,000 |
Attendance and Visitorship Figures | |||
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Venue | Attendance | Frequency | Reference Notes |
Exhibition Center | |||
3 County Fairgrounds | 100,000 | Multiple Events | |
Paradise City Arts Festival | 30,000 | May & Oct. | Located at 3 County Fair |
Entertainment Venues | |||
Academy of Music | 60,000 | 148 Shows | Based on Academy Data |
The Calvin | 18,000 | 36 Shows | Minimal Estimate |
Iron Horse | 5,000 | 100 Shows | Estimated |
Signature Sounds | 2,000 | 40 Shows | Estimated |
Museums | |||
Smith College Museum of Art | 41,000 | Open Daily | Based on Museum Figures |
Historic Northampton | 4,000 - 6,000 | Open Daily | Based on Museum Figures |
Retail Destinations | |||
Thorne's Marketplace | 700,000 | Open Daily | Based on Thorne's Figures |
Public Transportation | |||
Amtrak Northampton Station | 19,974 | Daily Service | Amtrak Vermonter Ridership |
Single Day Downtown Street Events | |||
Bag Day (November) | 2,000 | Mid -November | Source: Downtown Northampton Assoc. |
Holiday Downtown Stroll (December) | 4,000 | December | |
First Night (December) | 7,000 | Dec. 31st | |
Ice Art Festival (February) | 1,500 | February | |
NoHo Pride March | 15,000 | May | |
Summer Stroll (July) | 4,000 | July | |
Hot Chocolate Run (October) | 10,000 | December | |
Multi-Day Events | |||
Chalk Art Festival | 1,500 | September | |
Summer Concert Series | 6,000 | July-August | |
Sidewalk Sales | 6,000 | August 4 days | |
Hotels (4) | |||
Hotel Northampton | 29,000 | 106 Rooms | Hotel estimates noted above |
Fairfield Inn | 29,000 | 106 Rooms | |
Quality Inn | 24,890 | 88 Rooms | |
Autumn Inn | 8,760 | 32 Rooms | |
Public Parks | |||
Look Park | 500,000 | Daily | 150 Acre Park, Zoo, Concerts, Events |
Marijuana Dispensary | |||
NETA | 250,000 | Daily | Recreational/ Medicinal Marijuana Dispensary |
Retail Rents
Sources for Retail Rents and Vacancies
The table below provides a sample of retail rents for Northampton and other communities. The sources used to gather this information are:
- Loop Net: www.loopnet.com Loop Net offers listings for retail and office availabilities with asking rents listed for some vacancies. Asking rents are not listed for every vacancy.
- Commercial and Investment Properties: www.commremagazine.com -- CommRe is a seasonal print magazine as well as a web site with retail, office and commercial listings.
Retail Rent Definitions:
The rental information below is offered as approximate figures or ranges. Precise contractural retail rents are not public information since they are private agreements between owner and tenant. The retail rents listed on this page below and on the web sites above are "asking rents" which can be somewhat different than the final agreed upon rents. Additionally, another element in rental analysis is whether the asking rents include the property taxes, utilities and other maintenance costs. Gross rents are defined as the inclusion of all costs with the rent. "Triple net" rents or "NNN" do not include these costs. Property taxes, utilities and other maintenance costs can add up to $3 to $7 per square foot of the total rent cost. As an example; if the base rent is $25 to $30 per square foot then the taxes, utilities and maintenance can be an added $3 to $7 per square foot making the total rent cost $28 to $37 per square foot.
Retail Rent Analysis: Northampton's retail rents lead the market locally, regionally and even compare to major retail markets in Connecticut and New York. All rental amounts are per square foot. Amherst retail rents have marginally trailed Northampton but several 2019 listings have asking rents that are equal to or above Northampton's.
Retail Asking Rent Comparison | |||
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City or Town | Section | Rent | Average Rent |
Northampton | Main Street (State St. West to Strong Ave. East) | $33 - $42 | $37.50 |
Pleasant Street to Pearl Street | $23-$29 | $26.00 | |
Pearl Street to Holyoke Street | $14-$23 | $18.50 | |
Amherst | Downtown Center | $26-$39 | $33 |
Easthampton | Route 10 and Pleasant Street | $8 - $12 | $10.00 |
Chicopee | Overall | $9-$12 | $10.50 |
Holyoke | Downtown | $9.50-$12 | $10.50 |
Middletown, CT | Downtown | $12-$25 | $18.50 |
Hartford | Downtown Center | $18-$35 | $26.50 |
Stamford | Downtown Center | $25-$50 | $37.50 |
White Plains | Downtown Center | $29-$50 | $39.50 |
Greenwich | Downtown Center | $85-$125 | $107.50 |
Lists of: 1-Downtown Building Sales: 2013-2018 2-List of Comparative Building Values |
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Address | Sq. Ft. | Prior Sale or TRV* | Sale | PPSF* |
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2018: | ||||
No buildings sold within the Downtown | ||||
2017: (3) Sales | ||||
193 Main Street Brick Retail/Residential | 5,000 | $730,000 | $750,000 | $150.00 |
256 Pleasant Street Northampton Lumber Yard | 1.2 Acres | N/A | $1.0M | Land/Bldg |
76 Gothic Street Office/Former Residence | 2,400 | $363,000 TRV | $500,000 | $208.00 |
2016: (8) Sales | ||||
25 Market Street Brick Mixed Use | 7,200 | $975,000 (2006) | $1.0M | $138.88 |
236 Pleasant Street Fmr. Brake King | 2,400 | $249,000 (2014) | $370,000 | $154.16 |
263 - 287 Pleasant Street Retail/Apartment Bldg | 22,000 | N/A | $2.4M | $109.00 |
273 Main Street Retail/ Apartment Bldg | 3,200 | $689,000 TRV | $910,000 | $284.00 |
79 Masonic Street Fmr. 2 Story Residential Building | 2,600 | $509,000 TRV | $750,000 | Land/Bldg |
32 Main Street 3 Story Retail & Apartment Bldg | 5,000 | $1.2M TRV | $865,000 | $173.00 |
40 Center Street Residential to Office Bldg | 2,300 | $378,000 TRV | $479,000 | $208.00 |
4 Main Street Moshi Moshi Restaurant | 1,100 | $339,000 TRV | $500,000 | $450.00 |
2015: (1) | ||||
9.5 Market Street Click Workspace | 9,000 | $1.2M TRV | $780,000 | $89.00 |
2014: (2) | ||||
196 Main Street Harlow Luggage Bldg | 4,700 | $325,000 (2003) | $1.05M | $223.00 |
236 Pleasant Street Former Brake King | 2,300 | $225,000 (1990) | $249,000 | Land/Bldg |
2013 (2) | ||||
189 Main Street Shop Therapy | 6,400 | $950,000 (2004) | $1.3M | $203.00 |
125 Pleasant Street Union Station Restaurant | 30,000 | $1.4M (1999) | $2.6M | Land/Bldg |
Glossary: PPSF = Price Per Square Foot TRV = Tax Roll Value or Assessed Value |
List of Comparative Building Values |
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Summary:
| |||
Building | Assessed Value | Square Footage | Price per Square Foot |
Northampton, MA | |||
Pleasant Street | $527,000 | 3300 | $160.00 |
Main Street | $4.3 Million | 50,000 | $86.00 |
Main Street | $1.4 Million | 7500 | $186.00 |
Pleasant Street | $1.4 Million | 11,000 | $127.00 |
Main Street | $515,000 | 5,000 | $103.00 |
Main Street | $1.3 Million | 6500 | $200.00 |
Pleasant Street | $1.4 Million | 10,000 | $140.00 |
Average Price: $143.00 | |||
Middletown, CT | |||
Main Street | $870,000 | 12,000 | $72.00 |
Main Street | $665,000 | 15,000 | $44.00 |
Main Street | $1.9 Million | 13,000 | $146.00 |
Main Street | $1.2 Million | 31,000 | $38.70 |
Main Street | $1.6 Million | 20,000 | $80.00 |
Main Street | $517,000 | 21,000 | $25.00 |
Average Price: $81.14 | |||
Amherst, MA | |||
Main Street | $370,000 | 3200 | $112.00 |
Main Street | $1.1 Million | 5500 | $200.00 |
South Pleasant | $1.9 Million | 28,000 | $68.00 |
Main Street | $525,000 | 4500 | $116.00 |
North Pleasant | $650,000 | 4200 | $154.76 |
Main Street | $800,000 | 6000 | $133.00 |
South Pleasant | $1.3 Million | 12,000 | $166.66 |
Main Street | $450,000 | 4,000 | $75.00 |
Average Price: $128.00 | |||
Reference Notes: + Properties are listed by street only. + Depending on each city, assessed value or appraised value is cited. + Recent sales are rare but are cited if they happened. + Basement space is not included in the square footage category or in the Price Per Square Foot calculation. +Middletown, Ct. was chosen as a comparable city because it has similar population, slightly lower median incomes and is home to Wesleyan University and Middlesex Community College. + The buildings selected for this list are all mixed use buildings with retail and residential and some Class B office. + No Class A office buildings are on this list. |
List of Development Projects
Project | Value | Size Square Feet (FT) | Description |
---|---|---|---|
Totals: 24 Projects | $147.8M | 830,000 | |
Year: 2018 | |||
Conway Landscape School | $1M | 8,000 | Renovation of former Coach House at Village Hill Campus |
Sargent House | $3.6M | 17,000 | 31 Units Affordable Housing |
The Ellery (Former Autumn Inn) | $3.25 M. | 32 Room Hotel | $2.25M Purchase Price - $1M Renovations |
Shaw's Motel Site | $1.5M | 18,000 SF | New construction 6 apartments/3 duplex homes |
Hampshire County Courthouse | $2.0M | 32,000 | Exterior building renovations |
1 Atwood Drive | $14M | 60,000 SF | Class A Office |
Check Writers HQ | $4M | 46,000 SF | Class A Office - Fmr. Clark School Campus |
33 Hawley Street | $6.7M | 25,000 SF | Arts/Culture Center |
"Live 155" Pleasant St. | $14M | 58,000 SF | 70 Apartments - 47 Afford 23 Market |
Lumber Yard Pleasant St. | $19.4M | 69,000 SF | 55 Units - Affordable. 5400 s/f Commercial Sp |
Service Net HQ | $4.1M | 17,600 SF | Centralized Offices - HQ Human Service Agency |
Year: 2017 | |||
Round Hill Summit | $4.8M | 45,000 SF | 41 Apartments - Fmr. Clark School Buildings |
Columns @ Rockwell Place | $6.5M | 26,000 SF | 25 Condo Units - Fmr. State Hospital Campus |
Year: 2016 | |||
Christopher Heights | $8M | 56,000 SF | 83 Units Sr. Assisted Living |
Upper Ridge Fords Crossing | $10M | 60,000 SF | 28 Condo Units - Fmr. State Hospital Campus |
Violette's Crossing | $7.5M | 34,000 SF | 25 Units Sr. Independent Living |
ClickSpace 9.5 Market St. | $1.6M | 9,000 SF | Micro and Shared Work Space -Downtown NHT |
100 Main Street | $1.2M | 7,000 SF | Office 2 Story Downtown Florence MA |
U Mass Credit Union | $2M | 4,000 SF | Client Service Center |
Year: 2013-2015 | |||
Atwood Drive Business Park | $12M | 80,000 SF | (2) Class A Office Buildings 40,000 each |
Fairfield Inn | $9M | 55,000 SF | Marriott Hotel - 108 Rooms |
Northampton Crossing | $5M | 45,000 | Medical Office - Former Supermarket |
Cosenzi Auto Group | $6M | 40,000 | Former R&D Facility to Auto Dealership 4 Acres |
Kia Dealership | $2.5M | 25,000 | Auto Retail - 2 Acres |
Hotel Occupancy Tax Revenues
Note: Analyzing Hotel and Meals tax revenues can be a good barometer of consumer spending because the revenues accurately reflect specific consumer spending in the City of Northampton.
Hotel Tax Definition: The Commonwealth of Massachusetts imposes a room occupancy excise tax of 5.7%. The law allows cities and towns the option to levy an additional 6%, which Northampton does. For example, a hotel room rate of $100.00 per night would yield $6.00 to the City and $5.70 to the State.
Hotel Revenue Analysis: Tax revenue collections show that hotel revenues since 2015 have been consistently rising despite the loss of the Hotel Clarion and its 122 rooms. averaging $530,000. Since 2015, revenues have averaged $660,000, an increase of nearly 26%. The 2015 increase may be attributable to the Autumn 2014 opening of the new Fairfield Inn. Alternatively, in November of 2015, the Clarion Inn closed but despite this decline in 122 hotel rooms, revenues for 2016 decreased less than anticipated.
Hotels Generate Visitorship and Consumer Spending: At 50% occupancy with 1.5 persons per room, Northampton's 340 hotel rooms will generate at least 93,000 visitors who may spend at least $50.00 per day which would generate $4.8 million in consumer spending. Although the closing of the Clarion reduced Northampton's hotel inventory by 122 rooms, the new construction of the Fairfield Inn added 108 rooms closer to the Downtown. Since its opening in 2014, the Fairfield Inn has been operating with positive occupancy rates and revenues.
Hotel Room Inventory - 340 Rooms
Northampton possesses (3) hotels and (1) Inn with 32 rooms including (2) smaller Inns with under 5 rooms. These are:
- Hotel Northampton - 106 Rooms
- Quality Inn and Suites - 88 Rooms
- Autumn Inn - 32 Rooms
- Fairfield Inn - 108 Rooms
- Sugar Maple Trailside Inn - 2 Rooms
- Historic College Inn of Northampton - 4 Rooms
The Clarion Hotel Conference Center with 122 rooms closed in December, 2015.
Calendar Year | Revenue | Change | Percent | Total Hotel Rooms |
---|---|---|---|---|
2018 | $715,975 | +41,004 | +6.1% | 340 |
2017 | $674,971 | +38,076 | +6% | 340 |
2016 (Clarion Hotel Closes YE 2015) | $636,895 | -$30,000 | -4% | 340 |
2015 (Fairfield Inn Opens) | $667,090 | +$140,000 | +26% | 462 |
2014 | $527,762 | -$1,700 | ----- | 340 |
2013 | $529,434 | -$1,000 | ---- | 340 |
2012 | $530,359 | +$38,600 | +8% | 340 |
2011 | $491,732 |
Meals Tax Revenues
Meals Tax Definitions: The Commonwealth of Massachusetts imposes a sales tax on meals (6.25%) purchased from restaurants. Locals towns and cities have the option to add an additional 0.75% to the Meals Tax (Total 7.0%) with the revenues from the 0.75% remitted back to the city. Northampton exercised this "local option" in 2009. Please note that the meals tax revenues represent city wide revenues although the downtown would contribute a major share to these figures.
Meals Tax Analysis: Meals tax revenues can detail the size and consistency of consumer spending. Adjusting the 0.75% local option meals tax rate to 100% can give one an annual food sales figure which is listed below. Northampton generates the largest meals sales totals in Hampshire County. Amherst generates $71 million, Hadley $48 million and Easthampton $30 million. A regional comparison is Springfield at $250 million. Since 2015 revenues have averaged $722,000 annually and $653,000 annually from 2011 to 2014.
Calendar Year | Revenues | Total Meal Sales |
---|---|---|
2018 | $741,358 | $99.0 Million |
2017 | $735,567 | $97.7 million |
2016 | $709,901 | $94.6 million |
2015 | $703,172 | $93.7 million |
2014 | $662,739 | $88.3 million |
2013 | $671,626 | $89.5 million |
2012 | $654,950 | $87.3 million |
2011 | $626,347 | $83.5 million |
Parking Revenues
Parking Revenue Definition:City of Northampton revenue for garage, parking lot, and on-street parking
Analysis: Parking revenues have remained marginally stable since 2013 with a 10% decline in FY 2018.
Fiscal Year (July 1 - June 30) | Revenue |
---|---|
2018 | $1.79 Million |
2017 | $2.0 million |
2016 | $1.9 million |
2015 | $1.9 million |
2014 | $1.884 million |
2013 | $1.875 million |
*parking revenue does not include parking tickets |