"Retail is doing real well in this market in general," MarilynnGlasscock, with Dominion Realty Advisory Group Inc., tellsGlobeSt.com. She presented the retail outlook at a recent realestate gathering in San Antonio.

Rents citywide average $11.05 per sf, up 26 cents from 2000.It's the first time rent topped $11 per sf. The citywide vacancyrate is 15% and absorption has been down this year. "That wasmainly because of losing Montgomery Ward's, Bealls and Weiner's andsome of the big department stores," she says. "We've got some bigretailers coming in such as Lowe's and Costco, but they'restand-alone and they don't count against absorption."

The market has about 30.5 million sf in retail space, havingadded about one million sf since mid-2000, Glasscock says. Anotherfour million sf is planned or under construction, much of itfollowing housing development.

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