Mid-year occupancy was a shade under the 95% recorded at the endof 2001, according to Scott Freid, Austin partner-in-charge ofCencor Realty Services and its affiliate, the Weitzman Group. Hesays that's the highest rate in the Lone Star state.

Rental rates also were stable, ranging from $26 per sf per yearto $36 per sf per year for a small tenant for class A inline spacein a well-located center. Class B rates ranged from $18 per sf to$24 per sf and class C rates, $12 per sf to $18 per sf. Freid saysrates should remain stable for the rest of 2002.

Freid says developers should add one million sf to the Austinretail market this year, matching the 2001 total. A significantamount of the new space opens with tenants, which keeps occupancyrates high.

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