|JLL: Houston 1Q 2018 Retail Insight/Statistics||JLL: Houston 1Q 2018 Retail Insight/Statistics||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=19871||2018-04-19T05:00:00Z||2018-04-19T22:35:00Z|
HOUSTON – The area’s retail market remains stable, healthy and poised for further growth, according to JLL’s Houston Retail Insight and Statistics 1Q 2018 report.
Two retail categories in particular continue to expand across Houston: discount retail and grocery.
Discount retailers are in expansion mode.
In fact, many see an opportunity to claim desirable retail spaces in tight urban submarkets as other big-box retailers falter.
While expansion has slowed slightly from 2016 levels, grocery remains one of the most active sectors in Houston’s retail market.
Grocery brands are expanding both traditional footprints, as well as smaller and two-story prototypes for urban environments.
The Grand Pkwy. continues to spur retail development, particularly along its newest northern sections.
The north retail submarket saw approximately 353,000 sf of completions and has approximately 849,000 sf of space currently under construction—more than any other retail submarket.
Looking ahead, the metro’s retail market is expected to remain stable and healthy, with moderate growth projected for 2018.
|Jones Lang LaSalle (JLL)||Houston-The Woodlands-Sugar Land||Retail|| http://houstonblog.jll.com/houston-retail-undeterred-national-closures/|
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