By: Mark Raines, senior vice president, JLL Houston
Houston’s retail sector closed 2017 with approximately 1.6 million square feet of positive net absorption, setting up the sector for another solid year in 2018. Driven in large part by occupied deliveries, net absorption was 23.1 percent above the 10-year quarterly average.
Hurricane Harvey made landfall as a Category 4 storm, August 25, 2017, northeast of Corpus Christi, Texas. The slow moving system was quickly downgraded to a tropical storm but would eventually dump an estimated 19 trillion gallons of water onto Southeast Texas. Harvey wreaked havoc on… Read More
A lot has changed in recent years. Today, consumers want their products delivered now, or rather, yesterday. Perhaps more than any other industry, retail is being forced to adapt rapidly or pay the price.
Retailers must consistently deliver the right assortment of products as quickly as possible without passing any… Read More
Our brokerage platform continues to expand, and last month industry veterans Donna Kolius, Pierce Owens and Kaylie Walker joined JLL in Houston. The team focuses on multi-market dispositions, national portfolio strategies, and sale leasebacks for corporations, private equity firms, real estate investment trusts, investors and retailers.
They recently returned from ICSC RECon. Here’s what they had to say about some key takeaways from the shopping center industry’s largest convention.… Read More
Banking is no longer about which brand has the most locations. Today, it’s about how effectively a bank delivers services to its customers and their need for remote, anytime, anywhere access for their transactions.
As a result, the FDIC estimates today, on a net basis, there are almost 7,700… Read More
Traditional department stores face headwinds as consumers choose to shop in discount stores, at specialty stores and on the web. Major department stores have announced sizable closures this year, and as many as 324 stores across the U.S. will soon be empty, adding about 36 million square feet… Read More
Houston’s retail supply is finally beginning to satiate the red-hot demand of the latest growth cycle.
The city’s retail construction pipeline decreased in the first quarter of this year, settling at 2.7 million square feet. This represents a significant, but ultimately inevitable decrease from the… Read More