Kendall County Retail Properties 2Q2018
Top Three Notes for Kendall County Retail Properties 2Q2018:
1-The report shows very little new delivery with a lot of absorption leading up to 2nd Quarter 2018. More demand and little supply leads to the report showing little to no retail available in 2Q2018. This level of demand is supported by the Boerne Kendall County EDC’s 2018 Retail Report.
2-The “Quoted Rental Rates” in the report is NOT representative of Boerne (the largest Kendall County Market). Retail rates hover in the mid-20’s with a couple of projects quoting $30 PSF with $8.50 NNN. Yes! Quoted is nearly a double digit NNN. Prediction – those two projects will hit double digit NNN rates by 2020. Average Boerne Retail Properties have NNN rates in the $4 – $6 range.
3-The report doesn’t accurately display it, but there is a lot of retail space coming to the market between 2Q2018 and 2020. The race is on between Apartments and Retail to see which sector hits the “flooded market” stage first. The key to success right now with Kendall County Retail Properties is have the “Right” product on the market (see The Village at 32 Herff below).
Shining Star for Kendall County Retail in 2018 – The Village at 32 Herff – As earlier reported by The Boerne Business Monthly and The Boehm Team, The Village at 32 Herff leased up nearly all of it’s approximately 10,000+/- SF of retail space within 90 days!
1 Page Summary for Kendall County Retail Properties 2Q2018 – Click Here
Full Report for Kendall County Retail Properties 2Q2018 – Click Here
To View all Commercial Properties for Sale in MLS – Click Here
Please Contact Glen Boehm for all of your Commercial Property needs.
Please Contact Glen Boehm for all of your Commercial Property needs.
