Austin Retail Market Figures Q4 2022

January 30, 2023

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  • The Austin retail market remained relatively stable in Q4 2022, with vacancy increasing slightly by only 10 basis points (bps) quarter-over-quarter.
  • The leisure and hospitality sector saw gains of over 27,000 jobs since January, up 17.1% year-over-year, according to the Bureau of Labor Statistics (BLS).
  • Demand continued to push construction starts with 67 projects amounting to nearly 1.9 million sq. ft. of retail product currently underway.
  • 14 projects, collectively totaling more than 161,000 sq. ft., were completed in Q4 2022.