| Corpus Christi 2Q 2014 retail: Burbach | Corpus Christi 2Q 2014 retail: Burbach | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3271 | 2014-08-26T07:21:00Z | 2014-08-26T00:00:00Z |
CORPUS CHRISTI - In second quarter 2014, the retail market contained 22.6 million sf with a vacancy rate of 5.8 percent, according to Burbach & Associates and CoStar Group.
The rate was up from 5.6 percent in 4Q 2013. The average net rental rate was $11.74 per sf, down from $12.24 in 4Q 2013.
Corpus Christi Retail Market Summary 2Q 2014
|
Market |
SF (000) |
Vacancy |
Rate/SF |
|
General retail |
12,926 |
5.9% |
$10.08 |
|
Mall |
2,531 |
3.0% |
- |
|
Power center |
346 |
0.0% |
- |
|
Shopping center |
6,598 |
7.1% |
$13.85 |
|
CBD |
1,679 |
5.0% |
$9.22 |
|
Mid-City |
6,034 |
4.2% |
$13.13 |
|
South Side |
6,237 |
3.9% |
$17.17 |
|
West Side |
1,665 |
12.0% |
$7.96 |
|
Northwest |
1,677 |
12.7% |
$5.94 |
|
Flour Bluff / Padre Island |
1,622 |
4.4% |
$13.81 |
|
Portland / Ingleside |
1,872 |
7.8% |
$13.32 |
|
Total |
22,625 |
5.8% |
$11.74 |
Source: Burbach & Associates, CoStar Group
Click here to see the report.
For more stats, see Office, Retail and Industrial under Corpus Christi Market Data Sources.
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| Burbach ＆ Associates Inc.
| Corpus Christi
| Retail
| | | | | Read more at {Source} |
