Support Us Button Widget

Downtown Nashville businesses account for 77%

Table of Contents

Lady A said, “I don’t know why you don’t take me downtown,” and we felt that. A second quarter market conditions report from the Nashville Downtown Partnership shows 77% of downtown businesses are locally based. Now, that’s what we call pride in place.

📊 How the stats compare

Crunch the numbers… the second quarter report shows:

  • 339 downtown dining options
  • 130 shopping retailers
  • 139 nightlife spots
  • 2.6% retail vacancy rate

Crissy Cassetty, NDP’s director of economic development, credits steady residential growth of 10% yearly as a big contributor to these numbers in a recent interview. She also states that half of all sales tax in Davidson County is collected downtown.

The numbers show that though downtown is a great place to play, people want to live and work there as well. Office vacancy has gone down from the first quarter to the second, sitting much closer to 10% now. Over 15,000 residents live downtown, keeping occupancy rates at a steady 95% from quarter to quarter + encouraging an uptick in planned residential developments 201 to be exact.

👋 Say hey to new businesses

Comparatively speaking, downtown has welcomed ~15 and counting retail tenants from the first quarter to the second. Let’s meet three of those new businesses.

  • MJ’s Chill Spot: Priding itself as the perfect place to chill, MJ’s takes beating the summer heat to the next level with FroSho — a frozen shot with various flavors + serving options.
  • The Extended Shop: This clothing boutique specializing in plus-sized women’s fashion opened its first brick-and-mortar store in Capitol View with plans to launch its online shop this fall.
  • Good Citizen Coffee: Though this coffee retailer has been roasting locally since 2018, it has expanded its Nashville footprint more recently.
More from NASHtoday
The rotating art display features seven Tennessee artists until the end of February with works scattered from Concourses A and D to Level 1’s IAF Exit Waiting Area.
Hit the road and head to the Gatlinburg area — we’re sharing all the details about what to do and eat, plus where to stay.
The new one-day festival on Saturday, Feb. 1 celebrates two things that make Music City what it is: local artists and independent music venues.
Ugly Bagel is hosting the grand opening of its first brick-and-mortar location at the downtown development on Wednesday, Nov. 13
Make the most of the holiday season with this ultimate guide to local events and activities happening across Music City this winter.
The project by AJ Capital Partners on Chestnut Street will be a part of the developer’s Wedgewood Village mixed-use property, which also includes Nashville Warehouse Co. and May Hosiery Mills.
Sometimes we all need a little breakfast inspiration, so we’re helping out with a list of Nashville spots that open at 6, 7, and 8 a.m.
If you don’t have coffee already in hand, consider this your sign to grab some.
The university’s men’s and women’s programs not only lit up the scoreboards with a win to start the season, but the teams accomplished an SEC feat that hasn’t been touched since 2001.
At NASHtoday we provide all the ins and outs of Music City — but our sister cities under the 6AM City umbrella reach beyond the 615. Here is some must-know information to take with you when you visit.