Market Outlook: Pawtucket, RI Uncaptured Retail Potential SUPERMARKET
Restaurant
APPLIANCE
CLOTHING
MISC.
Uncaptured retail spending
$182million $61 M $23 M $34 M $14 M $50 M Estimated local capture potential
49,000 ft2 retail space •1 grocery store
30,400 ft2 retail space
32,100 ft2 retail space
27,900 ft2 retail space
68,900 ft2 retail space
• 4 full-service • 6 limited-service
• 2 furniture stores • 2 appliance stores • 3 electronic stores • 2 computer stores • 1 camera store
• 5 clothing stores • 1 shoe store • 2 jewelry stores • 1 luggage store
• 1 hardware store • 3 health stores • 2 sports stores • 1 book store • 1 news vendor • 1 office store • 2 gift stores • 1 nursery • 4 misc. stores
The estimated uncaptured retail expenditure for Downtown Pawtucket is $182M across the five listed sectors. The dollar amount represents the amount of money that local residents and businesses are spending outside the area. New retail stores opening in the downtown are likely to capture of portion of the identified gap. Estimated local capture potential is listed above.
Absorption of Market Rate Housing
The riverfront corridor is expected to continue to absorb 60-80 units of market rate housing per year on average. Absorption could increase to 100 - 120 units per year with continued public support of such projects.
0
Current 80 60 Absorption
Potential 120 100Absorption
Market data collected and prepared for the Pawtucket Foundation by FXM Associates, September 2012