As reported in a recent ReCon publication, an on-line publication from the Texas Real Estate Center, Austin’s retail space is doing very well. The article stated that this is attributed to the overall robust economy and the net migration of folks to the area. With a 110 folks coming to Austin each day it is no wonder that retailers are having a good time of it – all these folks have to spend the wads of cash they are making. The article went on to state that retail building has stabilized and that an uptick in retail rents should be expected.
And so the happy “caching” of cash registers should be music to the ears of these retailers as it is for us investors in Austin Area real estate.