Austin Retail Figures Q4 2023

January 30, 2024 5 Minute Read

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  • Despite a minimal quarterly increase of 10 basis points (bps), overall vacancy dipped 30 bps year over year, reaching 3.0% in Q4 2023.
  • During the period from September to October 2023, the construction and mining sector showed the most employment growth, increasing by 20.4% or 1,316 jobs.
  • Strong demand and population growth have resulted in 56 projects under construction, amounting to nearly two million sq. ft. of retail space currently underway.
  • 12 projects delivered during Q4 2023, totaling over 188,026 sq. ft. of new retail space.