Houston’s retail market is the envy of the country as demand continues to rise.

In 2021, Texas’ largest city ranked No. 1 on CoStar’s ranking for retail space
absorption and vacancy is hovering around 6 percent.

“There is more demand for space than supply and the cost of construction will keep that imbalance in place for the foreseeable future,” says Lilly Golden, President and Founder of Evergreen Commercial Realty.

She adds that she’s aware of several large box vacancies that have 3 or 4 users competing for the same space.

“Big box retailers, both high-end and low-end, are focused on expanding in Texas right now,” Golden says.

“We are seeing restaurants and entertainment tenants from other states
and countries flocking to Texas, and specifically Houston,” says Eric Lestin,
Managing Director-Retail Lead at Cushman & Wakefield. Click to read more at www.rednews.com.