Houston’s retail market as of year-end 2015 maintained its healthy occupancy rate of just fewer than 96 percent, largely due to a stable metro area economy. Approximately 3.7M SF of retail space is under construction and 81.5% of this space is pre-leased. Over 1M SF of new inventory delivered during the first quarter (2016) and most of the new product is pre-leased.  Houston’s average retail vacancy rate remained under 6.0%, increasing to 5.9% over the quarter from 5.7% in Q4 2015, but it is still 10 basis points lower than the 6.0% recorded one year ago. The retail market is benefitting from the continued strength of the Houston economy, which despite the loss of numerous energy-sector jobs, still reports an unemployment rate of only 4.9 percent as of November 2015, according to the Texas Workforce Commission. The Weitzman Group and Cencor Realty Services review a Houston-area retail market inventory of approximately 152 million square feet in multi-tenant retail centers with 25,000 square feet or more. For calendar year 2015, the Houston-area retail market added retail space in new and expanded projects totalling approximately 2,656,000 square feet. That represents an increase of nearly 1 million square feet over the 1.7 million square feet of new space that came online in 2014.

Our target segment are

  1. Day Care Center
  2. Senior care
  3. Cleaning Businesses
  4. Pets Care Center
  5. Medical spa