Houston’s retail market posted 573,000 SF of positive net absorption in the first quarter. Some of the tenants who opened new locations during the quarter include Whole Foods Market, Spec's, Rue21, Sears Outlet Center, Jack's Carpet and Mattress One.
The average citywide vacancy remained unchanged from the previous quarter at 6.6%. Currently, there is 1.3M SF in Houston's retail construction pipeline, which includes a 102,000 SF Kroger Marketplace located just south of The Woodlands on Kuykendahl Rd and W. Rayford Rd, and a 80,000 SF HEB located on the north side of FM 518, just west of Pearland Parkway.
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