Report: Austin is state’s healthiest retail market


Despite several recent high-profile closures – and more still on the horizon – the Central Texas retail sector continues to be red hot.

A new report from Weitzman, a commercial real estate firm with offices across Texas, found that Austin’s 96.1 percent retail occupancy rate is the state’s highest – and one of the best in the nation.

That holds true even when you factor in the exit of Toys R Us and Babies R Us from the market, leaving behind four empty storefronts totaling almost 150,000 square feet.

Weitzman found that the Toys R Us and Babies R Us vacancies impacted Austin’s retail vacancy rate by a miniscule .009 percent.

Britt Morrison, senior vice president in Weitzman’s Austin office, said there’s already interest in many of the Toys R Us and Babies R Us spots. He said he doesn’t expect them to stay empty for long.

Read more on our premium site, MyStatesman.com.



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