Downtown occupancy rate continues to rise

Downtown occupancy rate continues to rise

8 months, 1 week ago

Occupancy rate is up to 94 percent, which is 6 percent higher than 2010

The Historic Quincy Business District conducted another occupancy survey of the district and reports that the occupancy rate in downtown Quincy has climbed to 94%.

The occupancy rate has climbed 6% since June of 2010 due to the large number of new businesses opening or relocating to the district. Since 2009, the district has seen a net increase of over 60 new businesses and a very good retention rate, which has led to this occupancy boost.

“We’re very excited to see this number continue to trend in a positive direction,” said HQBD Executive Director Travis Brown. “People are continuing to take notice of downtown Quincy and are investing their time and energy into locating their businesses here.”

The Historic Quincy Business District is currently home to 580 businesses, which employ over 8000 employees.

“By having such a high occupancy rate with such a large district, and by seeing our rates increasing yet again, we know that we’re on the right track,” said Brown. “We look forward to working with new entrepreneurs to ensure the district continues to grow.” Brown also added that the district is has several more businesses they are working with that they hope to have open by the end of the year and there is a very good chance the district can approach 95% by the end of 2012 or early 2013.