Apr 18, 2017
Update! 1Q 2017 Houston retail marketview report
HOUSTON –The bayou city’s retail market absorbed 182,000 sf during first quarter 2017, the softest gain in six quarters, according to CBRE’s Houston Retail MarketView 1Q 2017 report.Unlike supply-laden office...
HOUSTON –The bayou city’s retail market absorbed 182,000 sf during first quarter 2017, the softest gain in six quarters, according to CBRE’s Houston Retail MarketView 1Q 2017 report.
Unlike supply-laden office and multifamily sectors, the retail pipeline remains disciplined, adding to future stability while at the same time constraining growth.
New developments continue to absorb big box and junior box retailers—in 1Q2017, these deals represented 363,000 sf.
This movement coupled with strong urban demand has led to climbing occupancy which increased by 40 basis points in 1Q 2017.
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