Houston Retail Monthly Market Snapshot

HOUSTON RETAIL

Monthly Market Snapshot


MARCH 2017

Market Highlights

Vacancy has been below 6.0% since Q2 2014, and net absorption has been positive for 31 consecutive quarters.

Mixed-use grocery-anchored construction leads retail development in Houston, with 1.2 million sq. ft. of the total 2.7 million sq. ft. currently in the pipeline.

Renaissance Center, a 97,000-sq.-ft. retail center at 6102 Scott St., at the southwest corner of Old Spanish Trail and Scott St., sold this month. The center is anchored by an H-E-B with a prime location between Downtown and the Texas Medical Center. 

Target is opening their first completely redesigned store in Richmond, Texas, outside the Grand Parkway at Harem Rd and Bellfort Blvd. this October. The new concept will house two distinct shopping areas, each with a separate entrance. One side will be organized like a department store, while the other will offer quick services and grab-and-go items such as groceries and alcohol. The 124,000-sq.-ft. property will anchor the Market Center at Aliana shopping center, and will be the first of 500 restyled locations over the next three years.

Gander Mountain filed for Chapter 11 bankruptcy protection. The outdoor retailer will close 32 stores, including 10 in Texas (three in Houston).

A new food-and-beer concept, Beer Market, owned by Salt N Pepper, has started construction on its third location in the Heights. Construction is ongoing at their second location in Midtown, with their first Beer Market up-and-running at 920 Studemont St.

Table 1

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Market Activity

 

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Special Report

Buffalo Bayou Office Flooding

 

Quarterly Reports

HOUSTON

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

Q2 2017 Retail Market Report

SAN ANTONIO

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

AUSTIN

Q2 2017 Office Market Report

Q2 2017 Industrial Market Report

 

Industrial Submarket Spotlight

Houston North Submarket September 2017

Houston Northwest Submarket July 2017

Houston Southeast Submarket June 2017

 

Office Submarket Spotlight

San Antonio Northwest Submarket August 2017

 

Sublease Digest

Houston Office September 2017

Houston Office July 2017

Houston Office June 2017

Houston Office May 2017

Houston Office April 2017

Houston Office March 2017

Houston Industrial March 2017

 

Monthly Snapshots

HOUSTON

Houston Office September 2017

Houston Industrial September 2017

Houston Retail August 2017

AUSTIN

Austin Office August 2017

Austin Industrial August 2017

SAN ANTONIO

San Antonio Office September 2017

San Antonio Industrial August 2017

 

Market Insight

Market Insight

 

Monthly Snapshots (Historical)

 

Houston Office August 2017

Houston Industrial August 2017

Houston Office June 2017

Houston Industrial June 2017

Houston Retail June 2017

Houston Retail March 2017

Houston Office March 2017

Houston Industrial March 2017

 

 

San Antonio Office August 2017

San Antonio Office June 2017

San Antonio Industrial June 2017

 

Austin Office June 2017

Austin Industrial June 2017

 

Data InSight

Data InSight

 

Quarterly Reports (Historical)

HOUSTON

Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

Q4 2016 Office Market Report

Q1 2017 Retail Market Report

 

SAN ANTONIO

Q1 2017 Office Market Report

 

​Q1 2017 Industrial Market Report

AUSTIN

Q1 2017 Office Market Report

Q1 2017 Industrial Market Report

 

SoundBytes

May 22, 2017

May 11, 2017

April 20, 2017

March 28, 2017

 

Resources

I-35 Corridor Activity Map

The New #CREcosystem Refresh - featuring contributions from Larry Koestler, VP of Marketing