Houston retail, industrial neck and neck at 95%

​​​HOUSTON – Across Houston, the population growth is not slowing down but speeding up, which is great for retail, along with industrial, which are neck and neck, both at 95 percent occupied.

The Inner Loop/River Oaks retail submarket is one of the tightest and best-performing in the Houston MSA and services some of Houston’s most affluent residential neighborhoods, including River Oaks, Washington/Rice Military, Montrose, the Heights and Downtown.

A fully leased retail strip center in the Washington Memorial Heights neighborhood, at 4902-4930 Washington Ave., has been purchased by a private buyer.

Completed in 1999 and situated on .57 acres, the retail center is fully leased to FedEx Kinko’s, MT Nails & Facial Salon, Vapor Shop, Bell Cleaners, and Subway.

More than 166,000 residents earning an average annual household income of approximately $144,000 live within a three-mile radius of the property.