Economic Impact Dashboard
MARKET OVERVIEW Q3 2025
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 October 3, 2025.
Retail
There are 169 street-level retail businesses currently downtown. 8 new businesses opened and 4 businesses closed between July - September 2025. Dining remains the dominate retail category with 67 food establishments or 40% of total businesses. 38, or 57% of the dining establishments are independently owned and offer a broad spectrum of cuisine. 9% of businesses are in the nightlife category, and 5% are in the hotel category bringing a total hospitality category to 54%.
- 116 or 67% of the downtown street-level businesses are considered local & independently owned.
- 21% are BIPOC-owned businesses
- 20% are female-owned businesses
- There are 28 current street-level vacancies.
Q3 New Businesses
Arizona Pizza Company
Gio's Coffee
Prince St. Pizza
Rite Yah Sah
Last Rodeo Boots & Hats
Willie's Taco Joint
Method Wellness & Fusion
Crystal Hoarder
Residential & Hotel
Downtown Visits Q3 2025
Source: Placer.ai