Austin retail shows signs of stabilization in 4Q2020Austin retail shows signs of stabilization in 4Q2020https://www.recenter.tamu.edu/news/newstalk-texas/?Item=253782021-01-08T06:00:00Z2021-01-08T15:00:00Z

​​AUSTIN – Absorption in the retail sector continued its downward slide in fourth quarter 2020, registering at negative ​​162,018 sf, according to CBRE.​

Market​wide occupancy held steady at 94​.6 percent. 

CBRE Austin Retail 4Q2020

The average asking rate increased from $20.25 per sf to $20.50 per sf quarter over quarter. 

Projects under active construction increased by 110,000 sf to 1.1 million sf. Last quarter, 160,796 sf of new retail space came online.

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​Source: CBRE
Austin-Round Rock
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