Bill Sabo, Shreveport’s Economic Development Director, shared market research data on the North Shreveport Retail District this past Tuesday at the North Shreveport Business Association meeting.
The consulting firm's information was broken down into three segments.
THE PEOPLE
Within a 15-minute drive of the district—anchored by I-220/North Market interchange—businesses can reach one of the regions’ fastest growing markets.
A population of 79,222 with a median household income of $44,734
Daytime population 131,308
Workers: 40,000 plus every weekday.
Over 30,000 commuters drive through the district twice daily.
$500 million in consumer spending flows through the North Shreveport trade area from surrounding communities
THE LANDSCAPE
The anchor interchange for this district is I-220 at North Market, and the whole district includes North Market street, the Martin Luthier King Drive area, and the Cooper Road corridors
Amazon’s fulfillment center drives strong local traffic with nearly 4,000 workers visiting the site throughout the year, and the workforce is overwhelmingly local drawing heavily from 71107 which strengthens demand for food, retail, housing and duality services along North Market and MLK
The newly opened North Shreveport Police substation increases officer visibility and reduces response times
THE OPPORTUNITIES
Total Unmet Retail Demand of $24 million WITHIN 5 MILES
Grocery $12 million
Full-service restaurants $6.7 million
Fast food $8 million
Gas stations $5.7 million
Health and personal care $4 million
Miscellaneous retail $1.2 million
Catering, food trucks, bakeries, coffee shops, etc. $616 thousand
Total Unmet Retail Demand of $168 million WITHIN 15-MINUTE DRIVE
Grocery $55 million
Full-service restaurants $31 million
Fast food $47 million
Catering, food trucks, bakeries, coffee shops, etc. $19 million
Furniture stores $10 million
Thrift Stores $6.7 million