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Sturbridge Commercial Real Estate Profile picture
Sturbridge Commercial Real Estate
@SturbridgeCRE
Sturbridge Commercial Real Estate is a retail shopping center #cre brokerage company | Founded in Houston 9.1.22 @retailbrokerhtx is the Founder/CEO
Apr 20, 2023 • 7 tweets • 3 min read
A🧵

Fantastic #Barnesandnoble has restructured & grown store count - in some ways they're more of a community benefit than just about any retailer. Good stuff happens when you spend time getting lost in the book store.

Unfortunately prime vacant big box spots are very "limited" Overall retail vacancy rates in the major Texas metros are ALL below 5% at this point. Austin at 3.7%

This is not going to change soon. Lenders don't have an appetite to green light overly ambitious spec development. Borrowers have that much less equity to raise, debt to carry.