Amarillo Retail Market Survey 2012 releaseAmarillo Retail Market Survey 2012 releasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=69842013-06-26T11:28:00Z2013-06-24T16:00:00Z

AMARILLO - Coldwell Banker Commercial First Equity, Realtors conducted its annual survey of multiple-tenant retail properties 10,000 sf or larger. The survey was conducted during December 2012 and January 2013.

The overall retail occupancy rate in Amarillo increased slightly to 94 percent; up 1 percent in 2013. The total vacant square footage equals 292,670 sf at the beginning of 2013.

Based on the current activity level and limited amount of new space coming to the market in 2013, retail landlords should expect even tighter occupancies throughout 2013 and continued opportunities to increase rental rates as existing tenants renew leases and new players enter the market.

Retail Property Summary
  Total SF Occupied Vacant SF
Market Area      
Southwest 3,677,463 94% 220,020
    Open Air Centers 2,790,924 92% 211,155
        Mall Properties 886,539 99% 8,865
Southeast 196,819 100% 0
Northwest 491,400 91% 41,850
    Open Air Centers 26,400 100% 0
        Mall Properties 465,000 91% 41,850
Northeast 224,566 86% 30,800
TOTAL 4,590,248 94% 292,670
    Open Air Centers 3,238,709 93% 241,955
        Mall Properties 1,351,539 96% 50,715

This report was prepared by Justin Kite, Retail Specialist with Coldwell Banker Commercial. The information included in this report was gathered from sources deemed reliable, and Coldwell Banker Commercial does not guarantee the accuracy of reported square footage, occupancy rates, and rental rates.

See Coldwell Banker Commercial. Looking for the 2013 Amarillo Market Report? It's been replaced by Amarillo Data Sources which provides current numbers for housing, retail, population and more.

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

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