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Burns Commercial: 2016 Tyler Retail Market SurveyBurns Commercial: 2016 Tyler Retail Market Surveyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133652016-06-01T05:00:00Z

​​TYLER - The 2016 edition of the Burns Commercial Properties Retail Market Survey contains data which indicate that the Retail sector continues to be the stron​gest category in the local commercial property market.

The construction of new retail space has continued in the past year with over 230,000 sf being added to the market. 

In spite of the completion of additional space, the occupancy rate remained virtually unchanged, coming in at 87.5 p​​​ercent just below the 87.8 percent level achieved in last year’s survey.

The strong demand from retailers for space in the Tyler market has resulted in an increase in the quoted rental rates from an average of $15.73 per sf in 2015 to $16.83 in 2016.​
Burns Commercial
Tyler
Retail
http://www.burns-commercial.com/

See Tyler Market Research.​

Click to see the full 2016 edition of the Burns Commercial Properties Retail Market Survey​.​​

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