January 7, 2019
Reis Inc.’s preliminary Q4 2018 report noted that, nationwide, retail vacancy rates remained unchanged quarter over quarter, while rent growth was more or less flat. Still, this wasn’t bad news; “many may recall that store closure announcements for Sears, Kmart, JC Penney . . . dominated the news at the end of 2017 . . .” with soaring vacancy rates and plummeting rents. This did not happen.
Meanwhile, in Texas, while the vacancy rates were in double digits in North Texas and Houston, Central Texas remained in single digits, with annual rent growth ranging from 1.9% (Fort Worth) to 3.3% (Austin).
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