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Last Updated July 2019 MARKET PROFILE Brighton Road Commercial District Marshall-Shadeland/Brightwood 2019 Business Summary (2 Minute Drive Time) Number of Businesses: 70 Number of Employees: 504 Employees/Residenal Populaon Rao*: 0.14:1 Major Commercial Industries: Food & Beverage Stores, Motor Vehicle & Parts Dealers, Food Services & Drinking Places For more informaon on the neighborhood, visit: Marketplace Profile** Retail Potenal (Demand) Retail Sales (Supply) Retail Gap Leakage/ Surplus Factor Number of Business Motor Vehicle & Parts Dealers $7,174,791 $869,946 $6,304,845 78.4 1 Furniture & Home Furnishing Stores $1,149,265 $0 $1,149,265 100.0 0 Electronics and Appliance Stores $1,055,258 $124,368 $930,890 78.9 1 Building Materials, Garden Equip. & Supply Stores $1,055,258 $124,368 $930,890 78.9 1 Food and Beverage Stores $6,229,244 $17,792,199 -$11,562,955 -48.1 6 Health and Personal Care Stores $2,085,536 $1,826,894 $258,642 6.6 2 Gasoline Staons $3,424,589 $0 $3,424,589 100.0 0 Clothing & Clothing Accessories Stores $1,752,514 $0 $1,752,514 100.0 0 Sporng Goods / Hobby / Music / Book Stores $925,486 $0 $925,486 100.0 0 General Merchandise Stores $4,914,133 $0 $4,914,133 100.0 0 Nonstore Retailers $677,728 $0 $677,728 100.0 0 Food Services & Drinking Places $3,286,701 $1,453,076 $1,833,625 38.7 7 **Supply (retail sales) esmates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potenal) esmates the expected amount spent by consumers at retail establishments. The Leakage/Surplus Factor measures the relaonship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A posive value represents 'leakage' of retail opportunity outside the trade area. A negave value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potenal and Retail Sales. The NAICS is used to classify businesses by their primary type of economic acvity. *This rao indicates the number of employees working in the area versus the number of residents. A higher rao indicates more commercial presence.

MARKET PROFILE righton Road ommercial District Marshall … · Profile losest ross - Street ount McDowell St 8,136 Shadeland Ave ourtright St 1,714 Mclure Ave Malden St 2,342 *asement

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Page 1: MARKET PROFILE righton Road ommercial District Marshall … · Profile losest ross - Street ount McDowell St 8,136 Shadeland Ave ourtright St 1,714 Mclure Ave Malden St 2,342 *asement

Last Updated July 2019

MARKET PROFILE

Brighton Road Commercial District Marshall-Shadeland/Brightwood

2019 Business Summary (2 Minute Drive Time)

Number of Businesses: 70

Number of Employees: 504

Employees/Residential Population Ratio*:

0.14:1

Major Commercial Industries: Food & Beverage Stores, Motor Vehicle & Parts Dealers, Food

Services & Drinking Places

For more information on the neighborhood, visit:

Marketplace Profile** Retail Potential

(Demand) Retail Sales

(Supply) Retail Gap

Leakage/ Surplus Factor

Number of Business

Motor Vehicle & Parts Dealers $7,174,791 $869,946 $6,304,845 78.4 1

Furniture & Home Furnishing Stores $1,149,265 $0 $1,149,265 100.0 0

Electronics and Appliance Stores $1,055,258 $124,368 $930,890 78.9 1

Building Materials, Garden Equip. & Supply Stores $1,055,258 $124,368 $930,890 78.9 1

Food and Beverage Stores $6,229,244 $17,792,199 -$11,562,955 -48.1 6

Health and Personal Care Stores $2,085,536 $1,826,894 $258,642 6.6 2

Gasoline Stations $3,424,589 $0 $3,424,589 100.0 0

Clothing & Clothing Accessories Stores $1,752,514 $0 $1,752,514 100.0 0

Sporting Goods / Hobby / Music / Book Stores $925,486 $0 $925,486 100.0 0

General Merchandise Stores $4,914,133 $0 $4,914,133 100.0 0

Nonstore Retailers $677,728 $0 $677,728 100.0 0

Food Services & Drinking Places $3,286,701 $1,453,076 $1,833,625 38.7 7

**Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. The Leakage/Surplus Factor measures the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents 'leakage' of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. The Retail Gap represents the difference between Retail Potential and Retail Sales. The NAICS is used to classify businesses by their primary type of economic activity. *This ratio indicates the number of employees working in the area versus the number of residents. A higher ratio indicates more commercial presence.

Page 2: MARKET PROFILE righton Road ommercial District Marshall … · Profile losest ross - Street ount McDowell St 8,136 Shadeland Ave ourtright St 1,714 Mclure Ave Malden St 2,342 *asement

Last Updated July 2019

Demographic Data 2010 2019 2024

(Projected)

Population 3,555 3,502 3,488

Households 1,525 1,520 1,520

Median Age 39.6 41.4 42.1

% 0-9 11.3% 11.2% 11.3%

% 10-14 7.0% 5.4% 5.8%

% 15-24 13.1% 11.7% 10.9%

% 25-34 12.9% 13.5% 13.2%

% 35-44 12.7% 12.5% 12.7%

% 45-54 15.6% 13.1% 12.6%

% 55-64 14.1% 15.2% 13.6%

% 65+ 13.3% 17.5% 20.1%

Median Household Income *** $39,439 $47,736

Average Household Income *** $50,667 $60,202

Per Capita Income *** $22,608 $26,978

Total Housing Units 1,843 1,870 1,879

% Owner Occupied Units 49.4% 45.7% 45.2%

% Renter Occupied Units 33.3% 35.6% 35.7%

% Vacant Housing Units 17.3% 18.7% 19.1%

Median Home Value *** $76,395 $82,561

Spending Potential Index

Apparel and Services 59

Computers and Accessories 57

Education 55

Entertainment / Recreation 59

Food at Home 61

Food Away from Home 59

Health Care 63

Household Furnishing and Equipment 59

Personal Care Products and Services 59

Shelter 57

TV/Video/Audio 58

Travel 54

Vehicle Maintenance & Repair 61

2019 Households by Disposable Income

<$15,000 21.5%

$15,000—$24,999 17.5%

$25,000—$34,999 12.8%

$35,000—$49,999 17.4%

$50,000—$74,999 19.4%

$75,000—$99,999 5.9%

$100,000—$149,999 5.1%

$150,000+ 0.5%

Median Disposable Income $33,264

2018 Educational Attainment (Ages 25+)

No High School Diploma 11.7%

High School Diploma or Some College 51.7%

Associates Degree 9.9%

Bachelor’s Degree 19.4%

Graduate or Professional Degree 7.3%

Note: Disposable income is after-tax household income.

Note: The Spending Potential Index is household-based, and

represents the asset value or amount spent for a product or service

relative to the national average of 100. Values higher than 100 indicate

spending above the national average, and values lower than 100

indicate lower spending than the national average.

Traffic Count Profile

Closest Cross-Street

Count

Brighton Rd McDowell St 8,136

Shadeland Ave Courtright St 1,714

McClure Ave Malden St 2,342

*Casement St Hartman St 808

*Richardson Ave Bainton St 442

Marshall Ave Ridgeland Dr 5,321

Note: This profile measures the number of vehicles which travel through streets nearest to commercial corridor epicenter on a daily basis. All counts from 2015 unless otherwise noted. *From 2009.

Brighton Road/Brightwood Commercial District

Page 3: MARKET PROFILE righton Road ommercial District Marshall … · Profile losest ross - Street ount McDowell St 8,136 Shadeland Ave ourtright St 1,714 Mclure Ave Malden St 2,342 *asement

Last Updated July 2019

Families in this urban segment may be nontraditional; however, their religious faith and family values guide their modest lifestyles. Many residents are primary caregivers to their elderly family members. Jobs are not always easy to come by, but wages and salary income are still the main sources of income for most households. Reliance on Social Security and public assistance income is necessary to support single-parent and multigenerational families. High poverty rates in this market make it difficult to make ends meet. Nonetheless, rents are relatively low (Index 73), public transportation is available, and Medicaid can assist families in need.

Traditional Living

Residents in this segment live primarily in low-density, settled neighborhoods in the Midwest. The households are a mix of married-couple families and singles. Many families encompass two generations who have lived and worked in the community; their children are likely to follow suit. The manufacturing, retail trade, and health care sectors are the primary sources of employment for these residents. This is a younger market—beginning householders who are juggling the responsibilities of living on their own or a new marriage, while retaining their youthful interests in style and fun.

Modest Income Homes

Hardscrabble Road

Hardscrabble Road neighborhoods are in urbanized areas within central cities, with older housing, located chiefly in the Midwest and South. This slightly smaller market is primarily a family market, married couples (with and without children) and single parents. Younger, highly diverse (with higher propor-tions of black, multiracial, and Hispanic populations), and less educated, they work mainly in service, manufacturing, and retail trade industries. Unemploy-ment is high (almost twice the US rate), and median household income is half the US median. Almost 1 in 3 households have income below the poverty level. Approximately 60% of householders are renters, living primarily in single-family homes, with a higher proportion of dwellings in 2–4 unit buildings. This market is struggling to get by.

Note: ESRI is an independent geographic information systems (GIS) corporation and is not affiliated with the Urban Redevelopment Authority of Pitts-burgh. This analysis utilizes socioeconomic and marketing data to identify distinct segments of the population, map where they reside, and describe their

socioeconomic qualities and consumer preferences. More information on tapestry segments and segment descriptions can be found at: http://www.esri.com/library/whitepapers/pdfs/community

ESRI Tapestry Segmentation Area Profile

TAPESTRY SEGMENT DESCRIPTIONS

Neighborhood Quick Facts*

• 8th largest neighborhood in Pittsburgh by area

• Number of bus lines in neighborhood: 4 • Persons per sq. mile: 6,629 (City average:

5,646) • Walk Score: 47

* The Walk Score is a measure between 0 and 100 that measures the ease of accessing amenities and running errands by walking. For more information, see http://www.walkscore.com/

Brighton Road/Brightwood Commercial District

Page 4: MARKET PROFILE righton Road ommercial District Marshall … · Profile losest ross - Street ount McDowell St 8,136 Shadeland Ave ourtright St 1,714 Mclure Ave Malden St 2,342 *asement

Last Updated July 2019

Contacts

Northside Leadership Conference:

www.pittsburghnorthside.com/

Urban Redevelopment Authority of Pittsburgh:

www.ura.org/

All data from ESRI Business Analyst 2018 unless otherwise noted. ¹Data applies to neighborhood boundary and not study area. Source: PGHSNAP, Dept. of City Planning

For More Information: For additional market value analysis data, contact Josette Fitzgibbons at [email protected] Department of City Planning SNAP Neighborhood Data: http://www.pittsburghpa.gov/dcp/snap/ Pittsburgh Neighborhood Community Indicator Systems (PNCIS) ACS 2005-2009 Neighborhood Profiles: http://www.ucsur.pitt.edu/neighborhood_reports_acs.php

Business District Programs

Brighton Road/Brightwood Commercial District

The Pittsburgh Micro-Enterprise Loan Program

The Micro-Enterprise Loan Program is part of the Urban Redevelopment Authority of Pittsburgh’s (URA) strategy to promote opportunities for groups who have not had ready access to business financing in the City of Pittsburgh, including minority- and women-owned businesses. The program is part of the URA’s strategy to create new jobs, encourage new business start-up and expansion and grow the City of Pittsburgh’s tax base by assisting entrepreneurs and stimulating business growth in the city. For more information about applications and eligibility, visit: https://www.ura.org/pages/access-to-capital

Façade Improvement Programs

Restored storefronts improve the pedestrian environment, attract more customers, and encourage economic development and investment. The URA offers several different façade improvement programs designed for commercial building owners and tenants to improve their storefronts. Your location determines your building’s façade improvement program eligibility. For more information about applications and eligibility, contact Quianna Wasler at (412) 255-6550 or visit: https://www.ura.org/pages/facade-improvement-programs

Neighborhood Business District Program

This program strives to ensure the health of the City’s traditional neighborhood commercial districts using the National Main Street Center’s Four Point Approach which considers: economic restructuring, promotion, design and sustainability. Every $1 invested by Mainstreets Pittsburgh produces $31 in private investment for Pittsburgh neighborhoods. To learn more about this program, contact Josette Fitzgibbons at (412) 255-6686 or visit: https://www.ura.org/pages/neighborhood-business-district-program

Type of Business: Funeral Services URA Program Utilized: Pittsburgh Urban Development Fund (UDF) URA Investment: $63,000 Private Investment: $142,000 Total Project Investment: $205,000

Featured Business: Coston Funeral Home

Business in Marshall-Shadeland