|CBRE: No room on store shelves||CBRE: No room on store shelves||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18816||2018-01-23T06:00:00Z||2018-01-23T22:40:00Z|
AUSTIN – Limited availability continues to constrict market activity, according to CBRE’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.
|CBRE||Austin-Round Rock||Retail|| https://www.cbre.us/research-and-reports/us-research|
Check out CBRE's Austin Office and Industrial 4Q 2017 report.
Click here for more Austin Retail Market Research.