Amarillo 2014 retail outlook: Coldwell Banker Commercial
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.
| 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.
You might also like
TG Magazine
Check out the latest issue of our flagship publication.