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Where's the best option to find first-generation retail space? Head to Texas.

Lone Star state's markets lead way for most newly built, available retail space with supplies constrained
Houston has led the way in adding first-generation retail space since the start of 2020, adding more new store space than any other market in the U.S. This grocery-anchored center was completed earlier this year in Katy, Texas. (CoStar)
Houston has led the way in adding first-generation retail space since the start of 2020, adding more new store space than any other market in the U.S. This grocery-anchored center was completed earlier this year in Katy, Texas. (CoStar)
CoStar Analytics
December 13, 2024 | 11:58 P.M.

It wasn't that long ago that an oversupply of retail space was investors' primary concern. While that may remain true in select pockets, the limited amount of recent development and continued demand by expanding retailers have made it increasingly hard to find high-quality retail space.

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