RETAIL CHALLENGE: Austin’s retail market is the hottest in Texas, but that makes space hard to come by

By Lori Hawkins

Posted Jul 19, 2019 at 11:45 AM

National chains and local retailers are eager to expand in Austin, but they’re struggling to find the space they need to do it.

That’s one takeaway from a new report from Weitzman, a commercial real estate firm with offices across Texas.

As of mid-year 2019, the Austin area’s retail occupancy rate was a red-hot 95.4 percent, making it the strongest major-metro retail market in Texas and one of the strongest in the nation.

“The market overall remains remarkably tight, with the city’s central core and active suburban markets reporting near-full occupancy,” Weitzman’s report said. (READ MORE)