+ 518-736-5660 1 East Montgomery Street | Johnstown, NY 12095

Retail Demand

A Pastoral Setting for Mixed Residential Development

pdf icon

Support for New Retail in Fulton County

Current County
Retail Leakage Recapture Demand

Fulton County’s 2017 Retail Strategy was prepared by Asterhill Community Planning and Development and River Street Planning and Development. It identifies an immediate unmet demand for nearly $49 million in demand from leakage or the equivalent of up to 145,000 SF of retail in a range of categories including those shown in the table above.

Factors Supporting Current County
Retail Leakage Recapture Demand

  • Recapturing Retail Leakage. The current unmet demand for retail is related to recapturing a share of retail sales that are leaking from the County based on total consumer spending in the region of $1.24 billion in 2014.

  • Meeting the Needs of Older Residents. Increasing percentage of baby boomers and active seniors support specific merchandise mixes that can drive new retail investment.

  • Rising Incomes in the Market Area. Between 2000 and 2015 there was a 200% increase in families with incomes over $100,000.

Current Tryon Retail Leakage Recapture Demand

The Tryon Development Area is included in the supply of retail reserved for locations in the County apart from four submarkets in the cities and at Hales Mills and Vail Mills Development Areas. The reservation of retail for these other locations totals 90K SF or $26.4 million in potential retail demand.

Factors Supporting  Current Tryon Retail Leakage Recapture Demand

  • The Tryon Development Area is an entirely new neighborhood drawing from new companies at the adjacent Tryon Technology Park, giving it a unique place among Fulton County’s neighborhood options.

  • Beautiful location adjacent to the County’s premier technology business park.

  • Healthy traffic counts with average daily traffic counts of AADT of 1,674 on Cty Rte 158; AADT of 7,057 on NYS Route 29.

  • Located just five minutes from downtown Johnstown and Gloversville, which have a combined population of nearly 24,000 people.

Future Fulton County
Retail Leakage Recapture Demand

Additional retail demand of approximately $60 million or the equivalent of up to 220,000 SF can be generated by increasing the amount of spending by County households, non-resident workers, visitors and seasonal households through 2025.

Future Tryon Retail Leakage Recapture Demand

At the Tryon Development Area specifically, $6 million in retail sales or the equivalent of 20,000 SF of retail and up to 40,000 SF of offices and services may be supportable when the development area builds out.

Detailed information on Housing/Retail demand can be reviewed in the full Housing/Retail Strategy by going to Fulton County’s website:  www.fultoncountyny.gov.