Building boom
Austin's retail construction rate is 3rd highest in the U.S. for 2025

Get ready for a gigantic cartload of new shopping spaces in Austin. A new report indicates the equivalent of nearly 19 Walmart supercenters is under construction in the region.
The report, published by commercial real estate services provider Lee & Associates, says the greater Austin metro area has more than 3.4 million square feet of retail space being built, making it the third most active market for new retail space in the U.S.
To put that in perspective, given the average Walmart supercenter measures 182,000 square feet, the 3.4 million-square-foot total would work out to about 19 new supercenters being built in the region.
This, on the heels of news that Austin boasts 9th highest rate of new home construction in U.S.
Dallas-Fort Worth is by far the most active U.S. market for new retail space; DFW leads more than 60 U.S. retail markets with nearly 7.15 million square feet of space under construction. The amount of retail space going up in DFW represents 15 percent of all retail space under construction in the more than 60 U.S. markets tracked by Lee & Associates.
Austin and Houston aren’t too far behind Dallas-Fort Worth, though.
No. 2-ranked Houston has nearly 3.9 million square feet of retail space under construction, just barely edging out No. 3-Austin.
What’s behind the surge in retail construction across Texas? Population growth.
Data recently released by the U.S. Census Bureau shows Houston was the second-fastest-growing metro from 2023 to 2024. DFW was the country’s third-fastest-growing metro from 2023 to 2024, based on the number of new residents, and Austin landed at No. 13.
