Mar 2, 2015
Corpus Christi 4Q 2014 retail: Burbach
CORPUS CHRISTI - In fourth quarter 2014, the retail market contained 22.9 million sf with a vacancy rate of 5.7 percent, down from 5.8 percent in 2Q 2014, according to...
CORPUS CHRISTI – In fourth quarter 2014, the retail market contained 22.9 million sf with a vacancy rate of 5.7 percent, down from 5.8 percent in 2Q 2014, according to Burbach & Associates and CoStar Group.
The average rental rate was $12.13 per sf, up from $12.24 in 2Q 2014.
| Market | SF (000) | Vacancy | Rate/SF |
| General retail | 13,236 | 5.9% | $11.03 |
| Mall | 2,531 | 2.9% | N/Av |
| Power center | 346 | 0.0% | N/Av |
| Shopping center | 6,583 | 6.8% | $13.89 |
| CBD | 1,689 | 5.5% | $9.91 |
| Mid-City | 5,994 | 4.6% | $12.71 |
| South Side | 6,372 | 3.7% | $18.19 |
| West Side | 1,714 | 11.2% | $8.40 |
| Northwest | 1,739 | 11.1% | $5.92 |
| Flour Bluff / Padre Island | 1,637 | 4.9% | $13.11 |
| Portland / Ingleside | 1,914 | 7.7% | $13.29 |
| Total | 22,924 | 5.7% | $12.13 |
Source: Burbach & Associates, CoStar Group
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tag: Corpus Christi Market Research includes many categories.
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