Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Q1 2022 | Houston Retail Market ReportBy: Colliers | Houston Wade H Greene IV, CCIM | Principal |Director of Retail Services | Houston Key Takeaways
Houston Highlights Houston's vacancy rate decreased 20 basis points from 5.8% to 5.6% over the quarter as more inventory was leased than new inventory delivered. Houston's retail sector recorded 1.1 million square feet of positive net absorption in the first quarter. Leasing volume reached 1.9 million square feet in Q1, an increase of 26% over the quarter. The average asking rental rate increased marginally over the quarter, but increased by 3.5% on an annual basis. Executive Summary Commentary By Hannah Tosch | Senior Associate How are rising food prices affecting Houston's food and beverage scene? The restaurant industry is tough enough as it is when times are good. Margins are tight, quality staffing is challenging, and the competition is ever-changing. Especially in a culinary capital like Houston. When you factor in a global pandemic, the war in Ukraine, supply chain problems and inflation, an already cutthroat industry needs more than just thick skin to survive. The rise in food prices has forced the... Read the full report here: https://www.colliers.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|