CBRE: No room on store shelvesCBRE: No room on store shelveshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=188162018-01-23T06:00:00Z2018-01-23T22:40:00Z

​​​​​​​Image of CBRE Austin Retail historical data​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.​

Austin-Round Rock

​Check out CBRE's Austin Office and Industrial 4Q 2017 report.

Click here for more Austin Retail Market Research.

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