Industrial Insights V1 2023 FINAL LR - Flipbook - Page 4
Where Retailers Are Growing
On a national scale, luxury retail is in the midst of a renaissance. Vacancy rate is near record
low levels, the construction pipeline is robust, and asking rent keeps climbing. This is even
more true for Sunbelt markets experiencing substantial population growth and increases in
buying power.
Retailers and Investors are eyeing markets that are graded highly in Livability, Lifestyle,
Amenities, Access, and Built-In Demand. Here are a few locations where luxury retail is
booming because of these factors. Keeping flipping to see why Charleston fits in perfectly!
NASHVILLE, TN
Retail Asset Value: $33.7B
Vacancy Rate: 3.2%
12 Mo Net Absorption: 662K SF
Market Rent Growth: 1.9%
2029 Projected Population Growth: 5.1%
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AUSTIN, TX
Retail Asset Value: $44.2B
Vacancy Rate: 3.3%
12 Mo Net Absorption: 1.3M SF
Market Rent Growth: 2.0%
2029 Projected Population Growth: 7.1%
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