Q1 2014 Austin Retail Market Report

village at westlakeQuarter 1, 2014 Austin Retail Market report by Transwestern shows that vacancy in the retail market continues to decrease (95% occupancy) as the quoted rental rate remains steady at an average of $15.84/SF/Year.

  •   Significant recent Retail leases include the Aveda Institute leasing 17,339 SF at former Shepler’s at Highland Mall and La Morelia Mexican Cafe taking 12,000 SF at Hester’s Crossing.
  • Recent Retail sales have included The Shops at Mira Vista at 2765 Bee Cave Road, a 68,000 SF center anchored by Trader Joe’s and purchased by Regency Centers.

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