Feb. 22, 2017
This comes as a surprise to many outside of the Houston metro whose perception is that the drop in oil prices has negatively impacted every aspect of the Houston market.
However, positive job growth (even in the face of energy industry layoffs), robust single-family homes sales, and years of pent-up demand have created the perfect storm for a strong Houston retail sector. In particular, strength in Houston’s master-planned communities has been a driver of retail across the Houston MSA.
Simmi Jaggi, leader of JLL’s Houston Land Brokerage Services group, explains how master-planned communities are driving retail growth.
More on this topic: Master-Planned Communities Drive Houston Retail Market in 2016, Houston Public Media.