ECONOMIC INDICATORS
 

 

Employment

 
Total Downtown Labor Force
12,553
 
County Labor Force
128,670
 
County Unemployment Rate
8.7% (Upjohn Institute for Employment Research)
 
Largest Downtown Employers
Pfizer, Bronson Healthcare Group, City of Kalamazoo, Radisson Hotel, Healthcare Midwest, AT&T, County of Kalamazoo
Cost of Living Index
95.2
 

Downtown Development

Average Retail Square Foot Cost

• Class A

$13-$17 NNN
• Class B
$10-$13 NNN
 
Current Total Retail Square Feet
888,493
Current Number of Retailers
156
 
Average Office Square Foot Cost
• Class A
$15-$18 NNN
• Class B
$11-$15 NNN
   

Traffic Counts

 
Michigan Avenue (eastbound, one way) 17,000
Kalamazoo Avenue (westbound, one way) 14,500
Park Street (northbound, one way) 10,200
Westnedge Avenue (southbound, one way) 14,300
 Source: MDOT, 2011

Vacancy Rates (as of July, 2012)

 click here for the report

Retail
8.3%
Office
16.7%
Residential
1.4%

 

 

Attractions in Downtown Kalamazoo

 
Four-Star Radisson Plaza Hotel & Restaurant (800,000 visitors annually)

Epic Center (100,000 visitors annually)

Kalamazoo Valley Community College (5,000 students downtown)

Kalamazoo Valley Museum (130,000+ visitors annually)

Kalamazoo Library (1,000,000+ visitors annually)

Downtown Festivals and Arcadia Festival Site (450,000 visitors annually)