In Abilene we are still spread between $10 - $15 p/s/f p/yr for B, B+ space and $13 - $18 for A, A+ space. There are some vacancies to be filled in most of the shopping centers and opportunities are available for Retailers. Now is the time to update your business plan and talk to some Landlords and Brokers about getting in to some of the great locations around town.
- Erik Johnson
SA RETAIL RENTS FALL
SAN ANTONIO (San Antonio Express-News) - After slight increases in retail rents in the first two quarters of 2009, asking annual rents fell 42 cents per sf to $17.91 in the third quarter, according to NAI REOC Partners.
That marks a decrease of 8 cents from this time last year.
Average vacancy, which remains greater than 14 percent, is driving rents down, says Ty West, NAI REOC vice president.
San Antonio recorded 45,228 sf of positive net absorption for the third quarter and 314,849 sf for the year.
Less than 250,000 sf of new retail space is expected to finish construction by the end of the year.
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