More than 440 grocery stores opened in the U.S. in 2016. The Lone Star State was home to the most new grocery store openings with 3.04 million square feet or 16.13 percent of new grocery space leased. Much of this expansion was driven by… Read More
Holiday sales figures generally grow or shrink in line with the U.S. economy. Just as the U.S. GDP has shown slow, steady growth since the end of the recession, so too have holiday sales. Last year’s holiday sales grew by 3.2 percent. This year’s growth is expected to be… Read More
Back-to-school shopping is an economic event with a sizeable impact on the economy. To get a sense of how shoppers go about their spending, JLL surveyed nearly 2,000 consumers nationwide. According to JLL’s survey, back-to-school shoppers, like many other consumers, are looking for quality and convenience at prices they can afford.
The cost of goods is of supreme importance to this cost-conscious group… Read More
By: Mark Raines, Senior Vice President, JLL Houston Retail Lead
Undeterred by low oil prices, development and leasing activity within Houston’s retail sector remain strong through mid-year.
With more than 3.6 million square feet of space under construction in the second quarter, Houston leads the nation in retail development activity. Strong demand for new retail space led to the highest quarter for… Read More
Tim Hopper, chief economist for TIAA, recently led an economic discussion hosted by JLL’s Retail Capital Markets experts in Houston, Texas. Approximately thirty retail owners from across the city gathered to hear from Hopper on economic topics that ranged from the impending ‘Brexit’ referendum in the U.K. to the reverse of capital from emerging to developed markets. The evening also… Read More
By: Mark Raines, Senior Vice President, JLL Houston
While office and multifamily markets in Houston have been negatively impacted by the effects of the prolonged downturn in oil prices, a more diversified economy than in the past has helped shield other Houston real estate sectors, retail being… Read More