CoStar reports that during the third quarter of 2013 that 200,00 SF of new retail construction was added to the local market. Over the past year 744,000 SF has been built with 800,000 SF currently under construction.
Notable 2013 deliveries include Mueller Market District HEB (total of 83,000 SF, 100% occupied), and 920 Old Mill Road (SoccerZone 34,000 SF).
With a shortage of available retail properties in the area market – this is good news for investors.
Commercial Broker Associate
McAllister & Associates
Real Estate Services
O: 512.486.3737
C: 512.970.8359
