Figures

Austin Retail Figures - Q3 2024

October 24, 2024 5 Minute Read

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  • The Austin retail market closed Q3 2024 with an availability rate of 3.7%. This represented a .4% increase from Q2 2024.
  • The total retail sq. ft. absorbed in Q3 2024 was -330 thousand sq. ft., compared to 676 thousand sq. ft. in Q2 2024.
  • There was 150 thousand sq. ft. delivered in Q3 2024, compared to 509 thousand sq. ft. in Q2 2024.
  • The overall average net asking rent for retail in Austin ended Q3 2024 at $27.57, representing a -$0.74 change from Q2 2024.
  • The total retail investment sales in Q3 2024 amounted to $36.5 million in total volume, compared to $71.7 million in Q2 2024.