Not 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.
2 comments
Good morning,
Can you send me the retail stats for 2013?
The gentleman that needs it is in the military. Maybe a goodwill gesture.
Bowden, Cody R CIV USARMY CESWF (US)
Author
Edith – I’d be glad to. Please let me know which market area the gentleman is looking for. Mark Pustka