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Jan 31

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Quarter 4 2013 Austin Retail Market Update

crystal falls gateway photo 1Not much change in the 4th Quarter of 2013 according to CoStar’s quarterly market report.  Click here for the article.

Highlights of the report include:

  • Vacancy dropped from 5.1% in Q3 2013 to 4.9% in Q4.
  • Net absorption totaled 228,000 SF compared to Q3 2013 which totalled 271,000 SF
  • Large space occupancy was led by HEB with 100,000 SF at Lakeline Mall and 83,000 SF at Mueller Market District and Fitness International moving into 46,000 SF on South Lamar.
  • Quoted rental rates decreased at year’s end to $17.40/SF/Year.
  • 5 Retail buildings with 35,000 SF were delivered to the market in the quarter with 1 million + SF still under construction at year’s end.

Permanent link to this article: http://atxre.com/quarter-4-2013-austin-retail-market-update/

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