Find the Perfect Location for Your Business

OR
Available Space

Fidelis In The News

For Media Requests, click here

Houston Retail Market Posts Strong First Quarter, But COVID-19 Impacts Loom, Says Colliers

April 30, 2020

HOUSTON — Although vacancy ticked up slightly and asking rents fell marginally relative to the fourth quarter of 2019, Houston’s retail market emerged from the first quarter of 2020 with a high occupancy rate (94.6 percent), positive net absorption (400,000 square feet) and positive year-over-year rent growth (6.5 percent triple-net), according to a new report from Colliers International. The market also had 1.7 million square feet of new retail space under construction at the end of the first quarter, which the report cites as one of the lower quarterly figures for this cycle. However, negative impacts due to the COVID-19 outbreak will inevitably hit the market during the second and third quarters, the report projected. The Colliers research team found that Houston restaurants that have traditionally favored dine-in service have reported revenue declines as high as 90 percent in some cases. With many retailers not expected to reopen after the pandemic subsides, the report found that Houston’s vacancy rate could spike to 12 or higher by year’s end, putting downward pressure on rents.

 

Search

Recent post

High Demand For Drive-Thrus Making It Difficult For Tenants To Find Suitable Space
HBJ's 2021 Landmark Awards: Retail winner and finalists
Texans-branded Gym Opens in Meyerland
San Jacinto Marketplace Reimagined
Saint Joseph Medical Pavilion Signs New Tenant
Fidelis to Launch Project in Willis
Bowling is back in Santa Fe: The Alley Lanes & Lounge reopens Friday
Relocation Station – The North Dallas Chamber sells headquarters while Academy opens in Mesquite
What’s Open, What’s Closed: Dillas Quesadillas and More Entering Denton this Spring
Johnson Development's Grand Central Park Community to Add Hotel and Convention Center
HBJ Names Real Estate Projects as Finalists for 2021 Landmark Awards
SushiBox Opens at McKinney Towne Crossing
HomeGoods opens Thursday at DeVargas Center
Health care firm unveils plans for massive new headquarters in Las Colinas
Houston area investor takes major Fort Worth retail center
Meyerland Plaza’s future is bright
Grand Central Park Opens New Section of Homesites
Texans Fit eyeing spring for new Meyerland gym opening
Texans Fit Announces New Location at Meyerland Plaza
2020 HREI Insights Awards Winners announced

Popular Tags

We Want to Hear From You
SEND US A MESSAGE