Aug 26, 2014
Corpus Christi 2Q 2014 retail: Burbach
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...
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.
| 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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