Austin retail occupancy remains at all-time high

​​​​​​​​​​AUSTIN – According to a CBRE report, the capital’s tightening retail market, strong construction pipeline, and heavily preleased deliveries have caused occupancy to remain at an all-time high​​​​​​​ of 96.2 percent.

In first quarter 2018, 408,918 sf of retail space came online in the area, up from the same time last year. Nearly 630,000 sf is currently under construction.​​​​

The local retail market finished the quarter​​ with negative 57,202 sf of net absorption.

As completions take longer to come online, occupancy and rental rates are expected to level off in the short-term before picking up later in the year, the report says.