HOUSTON – According to Colliers International’s 1Q 2018 Retail report, many retail landlords have made the shift to a strong preference for experience-based retail concepts which cannot be supplanted by an online, e-commerce alternative.
As multi-channel retailing continues to mature, the share of e-commerce retail spending in the U.S. grew approximately 17 percent in the past year.
Like every other market experiencing these trends, Houston has maintained healthy occupancy and rent growth and it remains a competitive environment for desirable centers.
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