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Economic Impact Dashboard

Economic Impact Dashboard


To gain an understanding of the current business environment and market potential in Downtown Tempe, statistics are collected and analyzed in the retail, residential, and hotel markets on a quarterly basis. In addition, an inventory of all street-level establishments in the downtown district was conducted the week of January 10, 2023.


There are 178 street-level retail businesses currently downtown. 5 new businesses opened and 6 new businesses closed between October - December 2022. Dining remains the dominate retail category with 77 food establishments or 43% of total businesses. 41, or 53% of the dining establishments are independently owned and offer a broad spectrum of cuisine. 7% of businesses are in the nightlife category, bringing a total hospitality category to 50%. 

  • 118 or 66% of the downtown street-level businesses are considered local & independently owned.
  • 29% are BIPOC-owned businesses
  • 26% are female-owned businesses
  • There are 18 current street-level vacancies.

Q4 New Businesses


University Bar & Grill

Tempe Toes


Hawx Services

Residential & Hotel

Downtown Users Weekly Comparison Q4 2021 - 2022


Highlights from The Value of U.S. Downtowns and Center Cities (Downtown Tempe), 2020 International Downtown Association Publication


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