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Colliers: Houston retail report 2Q 2014Colliers: Houston retail report 2Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=34502014-08-06T15:27:00Z2014-08-06T00:00:00Z

HOUSTON - Colliers International has released its second quarter 2014 Houston Retail Market Research and Forecast Report.

Houston’s retail market posted 1.2 million sf of positive net absorption in the 2Q. The average citywide vacancy rate fell between quarters to 6.3 percent from 6.6 percent. Currently, 1.2 million sf are in the retail construction pipeline.

The citywide average quoted rental rate for all property types increased 3.1 percent from $14.73 to $15.19 per sf between quarters and 3.0 percent from $14.75 in 2Q 2013.

Houston Retail Market Summary
Category Rentable
Area (SF)
Total
Vacancy
2Q 2014
Net Absorption
1Q 2014
Net Absorption
Strip Centers (unanchored) 32,630,810 9.1% 236,187 151,434
Neighborhood Centers (one anchor) 68,350,477 9.6% 521,534 94,018
Community Centers (two anchors) 43,407,750 6.8% -16,076 -133,012
Power Centers (3 or more anchors) 22,956,259 3.4% 84,491 40,414
Lifestyle Centers 3,782,009 5.8% -1,029 33,490
Outlet Centers 1,899,333 13.2% -10,215 34,231
Theme/Entertainment 553,786 9.9% 1,028 15,200
Single-Tenant 68,370,776 2.3% 257,105 273,749
Malls 26,219,981 5.5% 144,177 37,219
Greater Houston Total 268,171,181 6.3% 1,217,202 572,609


Source: Colliers International

Click here to see the full 2Q report, including the previous quarter.

Do you need other sources for Houston retail? Save time! Go to Houston Market Data Sources and look under the 'Retail' category.

Company News Release
Houston-The Woodlands-Sugar Land
Retail
http://www.colliers.com/en-us/texas/houston/marketreports/retail_report/2014q2#.U8a70LHiLjURead more at {Source}

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