With stores like Linens N Things and Circuit City shutting doors, it is refreshing news to hear of retailers expanding their locations and/or establishing roots in Austin.  The following companies are currently planning expansions in Austin:

1. Bed Bath & Beyond (and Buy Buy Baby subsidiary)
2. Newcomers Sprouts Farmers Market
3. Newflower Farmers Markets (3-4 locations planned)
4. Nordstrom Rack (Nordstrom's Outlet subsidiary; planned for the Gateway Center)

In the current global recession, Austin has fared well in the retail occupancy.  In the end of 2008, 93% of retail space was occupied, compared to 92.5% in mid-2008.

There have been no announcements of major retail construction set for 2009, so the new store openings will help offset the store closures of other retailers. 

For more information on commercial real estate, please contact Susie at SusieKang@JoaRealty.com.