Find the Perfect Space for Your Business

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.



Recent post

Houston Retail Outlook Webinar - June 2nd
Discount retailer Five Below to open in Meyerland Plaza in June
Some Santa Fe businesses reopen, adjust to new normal as restrictions eased
Houston Retail Market Posts Strong First Quarter, But COVID-19 Impacts Loom, Says Colliers
Takeout, curbside, delivery and other restaurant options
2 Houston grocery stores beef up takeaway meals from local restaurants
New project to provide 10,000 meals a week to Houston hospitality workers
Pen Fair Returns to DeVargas Center
Crave Hot Dogs & Barbecue sets grand opening date in Westlake Marketplace
Massive new Meyerland H-E-B keeps kosher in grand, 2-story space
Sneak Peek: H-E-B store opening in Meyerland
The ties that bind: Fly tying warms the heart in the dead of winter
Redevelopment of former Exxon Mobil site in northwest Houston underway
Long-awaited H-E-B Meyerland set to open soon
Texas Malls Receive Facelifts, New Life
H-E-B announces Meyerland store opening date
San Jacinto Mall Hosts a ‘Merry Last Christmas Event’ Dec. 14 Before Closing Permanently
Houston Power Women: Meet Fidelis Realty Partners Co-Founder Lynn Davis
Torchy's Tacos unrolls in Tanglewood with freshly made tortillas
At DeVargas, it’s what on, not under, the tree that counts

Popular Tags

We Want to Hear From You