Retail Leasing Gets Creative As A Workaround To COVID-19

Shops on Main, a neighborhood center located at Main Street and Cabelas Drive in this suburban Austin community, was completed in early 2020. At that time, the Austin market was reporting near-record occupancy of 96%, placing it as the state’s tightest major retail market. Shortly thereafter, COVID-19 entered the picture and that retail picture was largely turned upside down. However, despite the issues facing retail due to the pandemic, the Weitzman team of Cameron Longmire and Gabe Sanchez leased all of the roughly 20,000-square-foot center and a lease is in the works for one remaining 2,566-square-foot space. The leasing team surmises that the strength of surrounding retail has provided leasing momentum. Shops on Main is located at a quadrant that includes Cabela’s, Walmart and H-E-B. Read more at Globe St.