The District is located in Southwest Montgomery County - a county that grew by 323% from 1980 to 2015 and is expected to reach 1,183,000 residents by 2040. Montgomery County is among the top 10 nationwide counties when ranked by percentage of growth. This growing and thriving area is home to an educated and affluent population with excellent disposable income to spend on shopping, meals and entertainment.
Within 10 minutes of the District is a population of 96,635 with an average household income of $161,127. Fifty-seven percent of this population has a bachelor’s degree or higher. Within 20-minutes of the District, there is a population of 347,454 with an average household income of $119,420. 39 percent of the population has a bachelor’s degree or higher. The effective buying income, a taxpayer's income from wages, interest, and other forms of income less taxes and other deductions is much higher (34.5%) in the 10-minute drive time radius compared to the 20-minute driving radius.
An assessment of local demographic trends and retail spending habits has led WMPID to estimate an additional 498,879 square feet of new retail space of all types will be needed over the next 5 years. General Merchandise stores have the most potential for growth with an estimated 20 additional stores (8,000sf on avg.) supportable in the market by 2022. Fast Food restaurants and Eating places are the next highest in support (14 and 12 respectively) followed by full-service restaurants (7). Click here for the full report.
Established Business Sectors
Retail shopping and dining are the main business sectors and economic draw within the District. In addition, there are 1,988 total business establishments within a 10-minute drive time from the District. Of these, twenty-five establishments have 100 or more employees. The largest business sector is Healthcare and Social Assistance with 360 establishments and 2,856 employees, followed by Educational Services with 2,535 employees (63 establishments).
The major employers in Montgomery County are Conroe ISD, HEB Grocery, Kroger, Magnolia ISD, Medical Center Hospital, Montgomery County, New Caney ISD, WalMart, and Willis ISD.
Room for Growth
There is room for growth within the District. Site selectors and business executives are encouraged to review the information contained on this site and to contact WMPID for information regarding specific opportunities.
This site contains additional data that site selectors may find useful. This includes information on available properties, area businesses, industries and clusters, a comparing communities tool, demographic data, workforce data, and more. If you do not see the information you need to evaluate opportunities within the District, contact us.