Retail Downtown

Downtown Retail Demand

Downtown Austin is booming, and retail plays a big role. Whole Foods' flagship store and corporate headquarters are located at 6th Street and Lamar, the Second Street Retail District has 50 retail stores and restaurants, and the office and housing markets are on the rise. Currently 67,000 people work in the Central Business District, 90,000 people work within a 1-mile radius of 6th Street and Congress Avenue. There are 9,300 residents who live downtown and 363,000 who live within a 10-minute drive time to downtown. Seven million tourists visit the city on an annual basis. Downtown Austin has a bright future.

Most retail downtown is servicing the demand in the restaurant and entertainment sectors. The remaining demand for soft and hard goods retail is a priority for the Downtown Austin Alliance and the City of Austin and thus much effort is focused on re-establishing consumer goods in downtown.

Of the 6.3 million square feet of first floor space in downtown Austin, 1.75 million square feet are retail (including retail goods and services, restaurants, bars and clubs). Download a map of downtown with information about first floor usage here.

Through a partnership with the City of Austin, the Alliance has a Retail Recruiter on staff to help retail establishments locate in downtown. The Retail Recruiter works with retail establishments, brokers, tenant representatives and property owners to find suitable, well defined locations for the success of the retail establishment. The Alliance provides this service free of charge to downtown property owners located in the public improvement district. If you are looking for the right downtown location for your store, please contact our retail recruiter, Linda Asaf.

Retail Recruiter

Linda Asaf
211 E. 7th Street, Ste. 818
Austin, Texas 78701

(512) 619-3303

linda[at]downtownaustin.com

Retail Development Strategy

The DAA and the City of Austin commissioned a Retail Development Strategy for Downtown. Economics Research Associates of Washington, D.C., conducted the study, which can be downloaded here.

 

^ top