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Retail activity bucks metro trends says JLLRetail activity bucks metro trends says JLLhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=139932016-07-29T05:00:00Z2016-07-29T20:55:00Z

​​HOUSTON - With more than 3.6 million sf of space under construction in second quarter 2016, Houston leads the nation in retail development activity, according to JLL's 2Q 2016 Retail Insight.


Strong demand for new retail space led to the highest quarter for deliveries since 2009. 

Grocery-anchored centers consistently made headlines as major stores like HEB, Kroger and Walmart compete for market share.

Total vacancy in 2Q 2016 tied its record low from 2015 at 5.2 percent and total availability dropped thirty basis points quarter-over-quarter to 7.1 percent.

Food and beverage is busier than ever, and fast casual retailers like Pollo Campero, Verts Mediterranean Grill and Mama Fu’s Asian House are capitalizing on the current market environment. 

General market tightness will likely drive retailers and developers to continue exploring new options in the Houston market.
JLL
Houston-The Woodlands-Sugar Land
Retail
http://www.jllblog.com/Houston/retail-activity-bucks-metro-trends/#more-1083

Houston's 2Q 2016 Retail Reports are available here.​

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