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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 April 1, 2024.


There are 170 street-level retail businesses currently downtown. 3 new businesses opened and 6 businesses closed between January - March 2024. Dining remains the dominate retail category with 81 food establishments or 48% of total businesses. 44, or 54% of the dining establishments are independently owned and offer a broad spectrum of cuisine. 8% of businesses are in the nightlife category, and 5% are in the hotel category bringing a total hospitality category to 61%. 

  • 107 or 63% of the downtown street-level businesses are considered local & independently owned.
  • 23% are BIPOC-owned businesses
  • 22% are female-owned businesses
  • There are 19 current street-level vacancies.

Q1 New Businesses

Devil's Hideaway

Parlor Doughnuts

Dazey Aesthetic Collective

Residential & Hotel

Downtown Users Weekly Comparison Q1 2023 v. 2024


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


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