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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.

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

​Source: CBRE
CBRE
Austin-Round Rock
Retail
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