Downtown Madison Inc. (DMI) on Thursday released its 2024 State of the Downtown report, signaling growth in downtown Madison and analyzing current challenges.
Key findings in the 14th annual report include:
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Downtown Madison saw $190 million in new construction projects;
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Office vacancy was at 12.3%;
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The population is 34,000; and
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Tourism saw record high impact, with visitor spending totaling $314 million and State Street retailers reporting 75% of revenue coming from visitors.
The full report is available here.
