Austin Retail Market Improves in Q4 2010

Investors snapping up shopping centers
Austin Business Journal – by Francisco Vara-Orta, ABJ Staff
Date: Friday, February 4, 2011, 5:00am CST

Austin’s retail market is the strongest of its kind in Texas, posting occupancy rates higher than larger metro areas.

Texas is already championed as the state to lead the nation out of the recession, with its four major metros — Austin, Dallas, Houston, and San Antonio — staying resilient through the downturn as evidenced by a report from the Weitzman Group. The report comes after at least six shopping centers traded hands in the last two months.

Austin’s retail market posted an occupancy rate of 93 percent at the end of 2010, up slightly since midyear, based on Weitzman’s review …

Read more: Report: Retail in Austin solid | Austin Business Journal

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