Weitzman/Cencor: 2016 Austin Shopping Center Survey/Forecast

​​​AUSTIN - Austin’s retail market as of year-end 2015 is maintaining its low vacancy rate of only 4 percent, largely because demand for quality space continues to outpace supply. ​​​

That’s according to the 2016 Weitzman Shopping Center Survey & Forecast​.

The 96 percent occupancy rate is one of the highest recorded for the market, which has traditionally maintained healthy occupancy rates in the low-to-mid-90-percent range.

The findings are based on a review of retail market conditions for the greater Austin area as of year-end 2015 by The Weitzman Group and Cencor Realty Services.

The market’s occupancy rate is based on an inventory of approximately 47.2 million sf of multi-tenant retail space in centers with 25,000 sf or more.

While Weitzman/Cencor does not review centers below 25,000 sf, a number of centers with around 10,000 sf are being built throughout the market. ​