Weitzman: San Antonio retail occupancy up 1.6 percentWeitzman: San Antonio retail occupancy up 1.6 percenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18552015-01-28T15:14:00Z2015-01-28T08:30:00Z

SAN ANTONIO - Much like the local housing market, San Antonio's retail market continues to outperform itself.

The 2014 year-end occupancy rate for San Antonio stands at 93 percent, up from the 2013 year-end occupancy rate at 91.4 percent, according to a review conducted by The Weitzman Group and Cencor Realty Services.

The two real estate groups looked at 41.7 million sf of multitenant shopping centers and retail space in San Antonio.

Last year, San Antonio added 1.4 million sf of floor space to the market, compared to 704,000 sf in 2013.

Most of that space was built by large companies, such as Walmart. The retail giant added five store locations, four Neighborhood Markets and two Sam's Club wholesale stores.

More development is predicted to occur in active retail centers, such as The Rim off I-10, and a number of strip mall centers off Culebra Rd. and Loop 1604 near Alamo Ranch.

tags: 2015 Weitzman Retail, REOC San Antonio Retail, IRR Retail Annual Viewpoint 2015 (PDF)

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/01/26/san-antonio-ready-for-more-retail-storefronts-as.htmlRead more at {Source}

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