CoStar: Austin retail update 3Q 2014CoStar: Austin retail update 3Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=23112014-12-05T19:10:00Z2014-12-04T00:00:00Z

AUSTIN - During third quarter 2014, four buildings totaling 58,239 sf were completed in the retail market, according to CoStar Group.

Over the past four quarters, 737,331 sf of retail space has been built, and there was 446,065 sf of retail space under construction at the end of 3Q 2014.

Some of the notable 2014 deliveries include

  • 601 E. 5th St., a 64,000-sf facility that delivered in 2Q 2014 and is now 77 percent occupied, and
  • Hill Country Galleria – Building W, a 54,750-sf building that delivered in 1Q 2014 and is now 74 percent occupied.

Total retail inventory in the Austin market area amounted to 101,837,421 sf in 8,460 buildings and 810 centers as of the end of 3Q 2014.

This trend is compared to U.S. National Retail deliveries and construction, which saw 542 buildings totaling 13.9 million sf complete construction, with an additional 53.3 million sf of retail space still under construction at the end of 3Q 2014.

For more on retail and other industries, check out Austin-Round Rock-San Marcos Market Data Sources.
(Texas real estate news)

CoStar Group
Austin-Round Rock
http://www.costar.com/News/Article/Market-Trend-Austin-Retail-Deliveries-Construction-and-Inventory/166669Read more at {Source}

 Search NewsTalk Texas