Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Retail  | 
Wisconsin Strip Mall Changes Hands

Retail Supply Keeps Pace with Demand

Austin’s retail news for September 2018 could be summed up in five words: supply keeping pace with demand. According to metrics from NAI Partners, year-to-date occupancy stood at 96.1%, net absorption was 1.2 million square feet, and 1.3 million square feet have been delivered to the market so far this year.

Also in September, leasing activity accounted for 125,366 square feet, while the average asking rent was $22 per square foot, a slight decrease from the $22.05 reported in August 2018.

The good news, however, comes at a cost, as Real Capital Analytics reported that retail investment sales was down 47.3% year over year, totaling $391.2 million. The reason is that buyers are having a difficult time finding assets at a value that makes sense, the NAI Partners’ analysts noted.


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Read More at NAI Partners

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.