Mar 2, 2018
Wulfe & Co.’s 25th Annual Retail Survey: H-E-B to dominate
HOUSTON – Houston won't see as much retail development in 2018 compared to the past two years. The area is expected to see 3.28 million sf of retail space built and...
HOUSTON – Houston won’t see as much retail development in 2018 compared to the past two years.
The area is expected to see 3.28 million sf of retail space built and opened in 2018, according to Houston-based Wulfe & Co.’s 25th Annual Retail Survey.
That’s down 23 percent from the 4.27 million sf completed in 2017 and down 28 percent from 4.56 million sf in 2016.
Like 2017, most of the new space is already under construction, fully leased by national chains, or being self-developed by retailers such as supermarkets.
Twenty-one grocery stores are planned for 2018 as of January 2017:
- Aldi: ten more 19,000-sf stores;
- H-E-B: six new stores planned, representing 16 percent of new retail development in 2018;
- H-Mart: one 50,000-sf store in Katy;
- Kroger: two more 100,000-sf prototype stores; and
- Sprouts: one store.
There are fewer big-box stores planned, but large entertainment-type retail development will continue to grow.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.