CBRE: No room on store shelves

​​​​​​​​​AUSTIN – Limited availability continues to constrict market activity, according toCBRE’s Retail Fourth Quarter 2017 report.

Class A occupancy only registered down slightly during the final 90 days of 2017.

Retailers aren’t just on the search for prime, Class A space, overall occupancy is high as well at 96.3 percent—the highest measured in Texas.

Net absorption continued to fall off peak levels registered in 2015, while new construction captured a large portion of demand—over 150,000 sf of the 247,000 sf absorbed.

CBRE Econometric Advisors forecast Austin retail sales volumes to reach $29.7 billion in 2018, a 6 percent increase from 2017.​