The 2012 edition of the annual Burns Commercial Properties retail market survey shows improvement in the vacancy rate, the average quoted lease price, and the amount of space absorbed in the past twelve months.

While the level of retail sales in Tyler has shown only a slight increase, the leasing activity has become stronger.

The last survey revealed an occupancy rate of 83.3% in the City, but this has increased to 85% in 2012. This statistic is especially impressive in light of the fact that the Survey indicates that 62,727 square feet of retail space was absorbed by new tenants during the year. CLICK HERE FOR THE FULL REPORT...
 

Following a strong uptrend in 2010, the Tyler office market lost its momentum and experienced a slight downturn in the past year.

The annual survey of multi-tenant office buildings shows that the fifty two properties studied are currently experiencing an occupancy rate of 86.7%, which is down from the 88.5% figure of one year ago.

The small decline did not affect the overall average asking rental rate, which stands at $14.33 per square foot, virtually unchanged from last year's average of $14.21/sq.ft. CLICK HERE FOR THE FULL REPORT...