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2007 Market Study Analysis

Click here to view the results of a market study analysis that describes the growth trends and investment progress in office, entertainment and residential projects in downtown Fayetteville. The market analysis was conducted to update the findings of the 2003 downtown retail study. The study shows that the vacancy rate for retail space of 52.3% in 2003 has significantly reduced to approximately 28.4%. The findings also illustrate a considerable change in the public’s perception of safety and security when in the downtown area.

The study describes business recruitment strategies for the types of retail businesses not yet found in the area. According to the study, warranted demands exist for convenience stores; shoppers goods, like music, toys and general merchandise; dining and entertainment; and personal health services.
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All contents copyright ® 2005 Cumberland County Business Council