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Amarillo 2014 retail outlook: Coldwell Banker CommercialAmarillo 2014 retail outlook: Coldwell Banker Commercialhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=32732014-08-26T06:51:00Z2014-08-26T00:00:00Z

AMARILLO - The local retail market remains tight from an occupancy rate perspective, challenging both tenants and their brokers, according to the new 2014 Retail Market Survey by Coldwell Banker Commercial First Equity, Realtors.

Rental rates have held steady for the past eighteen months with only a few owners increasing rates, most of which were in Class B centers.

Of 49 total retail shopping centers surveyed, nine reported rate increases ranging from 5 percent to 20 percent, two reported slight decreases, and 38 reported no change in rental rates.

Based on the current activity level and limited amount of new space coming to the market in 2014, retail owners should expect even tighter occupancies throughout 2014-2015 and continued opportunities to increase rental rates as existing tenants renew leases and new players enter the market.

Amarillo Retail Market Summary
July 2014
Market Area Total
SF
Occupied
SF
Occupied Vacant
SF
Southwest 3,677,463 3,454,061 94% 223,402
     Open Air Centers 2,790,924 2,576,387 92% 214,537
Mall Properties 886,539 877,674 99% 8,865
Southeast 196,819 192,819 98%  4,000
Northwest 491,400 463,500 94% 27,900
Open Air Centers 26,400  26,400 100% 0
Mall Properties 465,000 437,100 94% 27,900
Northeast 144,844 122,844 85% 22,000
Total 4,510,526 4,233,224 94% 277,302
Open Air Centers 3,138,987 2,918,450 92% 240,537
Mall Properties 1,351,539 1,314,774 97% 36,765


Read more at Coldwell Banker Commercial First Equity, Realtors.

Coldwell Banker Commercial
Amarillo
Retail
http://www.cbcamarillo.com/RetailSurvey.htmlRead more at {Source}

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