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Sep 06

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Austin Retail Mid Year 2010 Market Report

As of mid year 2010, Austin’s retail market had a slight increase in occupied space vs year end 2009 according to Weitzman/Cencor’s Mid Year 2010 Retail Report. This made Austin the only major Texas metro that experienced an increase in occupancy during the first 6 months of 2010.  Retail occupancy increased from 91.5% to 92%.

Most affecting this uptick in occupancy is the absorption of big box vacancies including:

  • Bed Bath & Beyond filling in the Circuit City at Arboretum Crossing
  • Sam Moon opening at the old Circuit City at Arbor Walk
  • Austin Community College at the previous Highland Mall’s Dillard’s

New retail store openings in 2010 include:

  • A new Dillard’s and;
  • Gold Star Cinema at the Domain;
  • Sprouts at Great Hills Station.

New Austin restaurants in 2010 include:

  • Maggiano’s and Gloria’s at The Domain;
  • Uchiko and Tacodeli at 4200 N. Lamar;
  • Cafe Express at the former La Madeliene on N. Lamar;
  • Qdoba at Great Hills Market;
  • Los Cucos at former El Arroyo location near the Galleria;
  • Snap Kitchen at The Triangle and at Sixth St & Lamar;
  • My Fit Foods at four different locations;
  • Maudies Tex Mex and Gumbo’s at the Shops at the Galleria;
  • Kerbey Lane Cafe has opened at a former Village Inn location on William Cannon;
  • Spicy Pickle has opened three area locations.

New 2010 Retail projects include:

  • New phase of The Domain;
  • New Walmart at Northcross;
  • Two (2) new HEB’s with one at East Riverside and one in Dripping Springs;
  • Stone Hill Town Center in Pflugerville;
  • The Lakes at Tech Ridge.

Permanent link to this article: http://atxre.com/austin-retail-mid-year-2010-market-report/

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