Despite a sector-wide slowdown in leasing activity, the retailers that are resistant to e-commerce are still generating deals throughout Houston.
Boutique fitness tenants and restaurants are fueling the retail sector’s leasing activity, per a report from JLL, as other retail tenants recalibrate their leasing strategies amid increased competition from e-commerce businesses. In the third quarter, the Houston retail market’s availability rose 0.5 percent to 7.7 percent, according to the report, but this is still well-below the sector’s long-term availability average.
Several boutique fitness concepts have either opened or are expanding in Houston. In September, Title Boxing Club announced its plans to open 20 Houston locations over the next six years. The company currently has threeHouston-area locations in Houston, Missouri City and The Woodlands.
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