Houston retail continues to be one of the hottest markets in the nation. No category demonstrates this more clearly than the city’s grocery sector.
Grocers, and other retailers alike, continue to play catch-up with Houston’s strong population growth over the last few years. Pent-up demand remains the most significant force propelling the… 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 of consumers. 71.2… 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 deliveries since 2009.… 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 included a discussion… 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 among them.