Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Tuesday, July 15, 2008

I found this article today and thought it would be good to share.

RETAIL CONSTRUCTION'S BIG BOOM
TEXAS (globest.com) – That boom you hear in Texas’ major metros is the sound of retail construction, according to Dallas-based Weitzman Group and Cencor Realty Services.

Houston has 4.9 million sf in various stages of construction, the most of the state's “big four.” Of that, 1.5 million sf will deliver midyear. The city’s 134.2 million-sf inventory is 88 percent occupied.

Dallas–Fort Worth has 4.2 million sf slated for completion by the end of the year. The Metroplex has a 167.9 million-sf inventory with 89.4 percent occupancy.

San Antonio developers are bringing four million sf of new retail space. The city’s 34.5 million-sf inventory is 91 percent occupied.

In terms of occupancy, Austin leads the pack with 92.5 percent of its 38 million-sf inventory filled. The city is getting an additional 2.5 million sf of retail space.