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Austin Retail Market Once Again the State's Big Ticket

AUSTIN-Strong residential and job growth in year 2000 have translated into another banner year for retail in the state capital. The hottest market has been and will continue to be Round Rock, says The Weitzman Group in its latest report.

By Connie Gore | Updated on February 13, 2001

AUSTIN-Austin holds an enviable spot in the retail world, boasting a 95% occupancy and income levels to buy, buy, buy. In other words, it looks like another banner year in the state capital.

Round Rock has proven to be last year’s hottest market and will be again this year, says Lance Morris, senior vice president in The Weitzman Group’s Austin office. Dell Computer’s 22,000-employee campus is the foundation for Round Rock’s success. “It’s made every retailer in the US want to have a store there,” Morris told GlobeSt.com.

Morris estimates as many as 75 new retailers have entered that market in the past five years and more are on the way. None of the rumored newcomers can equal the charisma of Nordstrom’s, which is looking but has yet to seal a space. Talk has Nordstrom’s heading to a vacated Montgomery Ward’s store at Barton Creek Mall, but it’s not a done deal as far as insiders know right now.

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