San Marcos Downtown Area Plan

CHAPTER 1: INTRODUCTION

INVENTORY & VACANCIES

The Downtown Core has an inventory of 650,000 square feet of retail space and 250,000 square feet of office space (2022). Downtown retail space rents for an average of $22.64 per square foot per year and office space rents for an average of $14 per square foot per year. There are several properties in Downtown that have been used by or could be leased to retail or office users but are currently vacant or unused. Students at Texas State University completed an inventory of ground floor buildings and their vacancy status. This primary survey of space found that there are over 80 vacant ground floor spaces, which account for over 20% of the spaces inventoried. The vacant spaces found in the survey were generally located along LBJ Drive and south of San Antonio Street. The Greater Downtown Area has no hotel uses other than a Bed and Breakfast located on West Hopkins Street Additionally, in the Downtown Core, there are ten active Short Term Rental listings. Source: CoStar; Economic & Planning Systems.

S LBJ Dr

Hays County Annex Building, 102 N LBJ Dr

Ford Jackman Building, 211 Hutchison St

SAN MARCOS DOWNTOWN AREA PLAN

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