{{titleBar.title}}

{{titleBar.tagline}}

 

 

Austin retail fundamentals remain relatively steady Austin retail fundamentals remain relatively steady https://www.recenter.tamu.edu/news/newstalk-texas/?Item=245322020-07-02T05:00:00Z2020-07-02T15:00:00Z

​AUSTIN – The metro’s retail fundamentals remained steady in some metrics while exhibiting the impact of the pandemic in others. 

As June ended, occupancy stood at 95.8 percent, equal to the same time last year. 

Leasing activity​ was hit hard by the pandemic. Year to date, the metro recorded 971,000 sf of leasing activity, down 39.2 percent year over year. 

Absorption stands at 557,000 sf. 

Around 615,000 sf of new supply was delivered. 

The average asking rent rose 1.3 percent year over year to $21.87 per sf. 

Texas logoThe Real Estate Center has more local commercial real estate news like this online:

​Source: Connect Media
Connect Media
Austin-Round Rock
Retail
Read more at {Source}

 Search NewsTalk Texas