Downtown including Warehouse District
The epicenter for Northern Michigan’s business and government activities. Downtown is the home to City and County Government, Traverse City Area Public Schools (TCAPS), Hagerty Insurance , The City Opera House, and the State of Michigan’s best collection of dining options. Traverse City serves a regional population of nearly 53,000 people that have ready access to the state’s largest, and most dynamic, fresh water resources. (Grand Traverse Bay, The Boardman River, Boardman Lake, etc..) Bounded by Northwestern Michigan College to the East and Munson Medical Center to the west Downtown Traverse City this business and retail center welcomes and can support new development and retail expansion options.
The Region’s Most Dynamic Retail District
- Downtown’s retail vacancy rate is below 4%.
- Over 5,000 downtown employees enjoy shopping and dining downtown every day.
- The DDA District is home to 800 residents.
- Downtown Traverse City is home to the area’s finest women’s clothing, jewelry and home accessory stores.
- Tourist attractions include two public beaches, the History Center of Traverse City, City Opera House, the State Theatre, and downtown itself draws millions of tourists every year.
- Downtown Traverse City is the only major retail area located in the middle of the region’s highest income census tracts.
The Traverse City’s Largest and Strongest Office Submarket:
- Three quarters of a million square feet of office space and a healthy 2007 vacancy rate of 7.5%
- Office inventory has increased 20% since 1997
- Downtown Traverse City is the Northwest Michigan’s financial center with over 25 financial service businesses.
- Downtown is home to many major nonprofits including the Traverse City Area Chamber of Commerce, Traverse City Convention & Visitor’s Bureau, Rotary Charities, Michigan Land Use Institute, and Traverse City Film Festival.
- Regional media organizations are located here such as the Traverse City Record Eagle, Midwest Broadcasting, Traverse – Northern Michigan’s Magazine, Traverse City Business News, and more.