Strong demand paired with limited new supply has pushed retail vacancies across Houston to near 7-year lows. As of the first quarter, the market’s vacancy rate stands at 5%. In Southwest Houston, the trend of compressing vacancies has been even more pronounced and, at 3.5%, stands at the lowest level since CoStar began tracking data in 2006.
In Southwest Houston, Retail Space Gets Harder To Come By
Limited Retail Completions, Strong Demand Aids in Recent Compression
CoStar Analytics
March 7, 2024 | 4:00 P.M.
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