Houston ranks top in U.S. for retail construction

​​HOUSTON – Intense tenant demand is encouraging retail developers in Houston, according to third quarter 2016 Retail Research Market Report from Marcus & Millichap.

As multifamily and office builders have scaled back development in the metro, a number of mixed use projects containing a large retail component are coming to fruition, with pre-leasing activity remaining robust across the market.

In addition, household formation is rising at a stable pace, encouraging several grocers to move forward with expansion plans in the metro, including H-E-B, Kroger and Walmart.

This year, the Houston metro will lead the nation in retail completions as more than 3.2 million sf of retail space is delivered.

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