Economic Vitality Strategy-Measures of Success May 27, 2025 Economic Vitality Goals
Measures of Success Apr 2024
Rates
Apr 2025
Rates
Goal 1 Goal 2 Goal 3 Goal 4 Goal 5
Office Vacancy Rate in Mountain View.
(target 10%)
20.2% 18.7%
• • •
Retail Vacancy Rate in Mountain View.
(target 5-7%)
4.1% 1.5%
• • •
Downtown Office Vacancy Rate.
(target 10%)
25% 23.03%
• •
Downtown Retail Vacancy Rate.
(target 5-7%)
8.5% 6.8%
• • •
Percent growth in year over year sales Tax Receipts
in the Downtown.
(target 2%-4%)
-8.50% -1.7%
• •
Number of unique visitors to Economic
Development Business Resources page.
N/A 1,166
• •
Number of businesses assisted by Economic
Development Small business trainings and
webinars.
5 42
• •
Percent of Economic Development business
resources translated into other languages
13% 15%
• • • •
Number of business establishments in downtown 334 TBD
• •
New business startups as a percentage of all
businesses in the City
(target 15-20%)
11% 12.4%
• • •
Number of storefronts receiving design assistance
for façade improvements or window activations
N/A 8
• • •
Number of businesses receiving retention services
by Economic Development staff
9% 11%
• • •
Number of square feet supporting
commercial/industrial activities
(target 26 million sq. ft.)
29.1 million
sq. ft.
29.1 million
sq. ft. • • •
Percent of Economic Development assisted
businesses receiving permit facilitation services
15% 12%
• • • • •
Source: Costar Analytics Submarket Reports (Q1 2025), Mountain View Business License (December 2024), HdL (Q4 2024), Economic Development team statistics.
Attachment 1