Houston’s retail market remains fragmented; Quality space difficult to find

Houston’s retail market is more nuanced than it appears at first sight. Despite having among the largest construction pipelines in the country, the market still feels incredibly tight for retailers seeking quality space. Also, rent growth may be slowing at a market level, but not in select buildings in certain locations. Here's what CoStar market analytics is hearing from local industry players in the Houston retail market in early 2025.