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Grocery stores lead in Houston's retail raceGrocery stores lead in Houston's retail racehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=138822016-07-18T05:00:00Z

​​​​HOUSTON - Expansions by grocers have put the Houston area on track to add more than 2.9 million sf of retail space in 2016, according to a new report by the Weitzman Group and Cencor Realty Services. 

It's expected to be the highest level in a decade, though things are expected to return to the 2014 level of 1.7 million sf next year. 

Among the next projects to open will be Westlake Marketplace, a 450,000-sf retail center by Fidelis Realty Partners at Beltway 8 East and West Lake Houston Parkway. 

The first phase will be anchored by a 123,800-sf Kroger Marketplace. Other tenants will be Old Navy, Marshalls, Ross, Michaels, Burlington, Petsmart and Ulta. 

In League City, a Kroger Marketplace anchors the Marketplace at Ninety-Six, a project of NewQuest Properties at League City Parkway and Hobbs Rd.

The occupancy rate for retail properties in the Houston area is 95.5 percent. 

Houston Chronicle
Houston-The Woodlands-Sugar Land
Retail
http://www.houstonchronicle.com/business/article/Retail-Wrap-Houston-area-is-well-stocked-with-8381704.php

​See Houston Retail Market Research​.

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