Doing Business Downtown Downtown Morristown is the Place for Your Business
Downtown Morristown is a powerful commercial center and county seat that over the last 14 years has benefited from revitalization projects valued at $750 million. It’s strength resulted in low commercial vacancy rates during the Great Recession, while its many new residential units continue to be filled at a faster pace than most comparable communities.
Retail newcomers have included Century 21 Department Store, Jos. A. Banks and a host of small independent merchants. They are drawn by the downtown’s very large daytime population:
• 22,063 workers. The 13,810 office workers alone can spend about $44 million/yr in downtown retail shops and eateries.
• Three hotels with 540 rooms average about 537 guests per day, 196,005 per year. These hotel guest spend an estimated $9.8 million/yr on food.
• 1,500 high school students who directly and through influence on their parents impact on about $6.5 million/yr in retail and restaurant revenues. read more