Skip to main content Skip to footer

Q3 2022 | Houston Retail Market Report

Download Report
2022_Q3_Retail_HERO_1536x1040

 

Key Takeaways

  • Vacancy continues to decrease
  • Positive absorption recorded
  • The average overall rental rate increased annually
  • 2022 leasing activity down 2.1% annually
  2022_Q3_Retail_Vacancy Rate    2022_Q3_Retail_Net Absorption
   2022_Q3_Retail_Under Construction    2022_Q3_Retail_Lease Rates

 

Houston Highlights

Houston’s vacancy rate decreased 10 basis points from 5.3% to 5.2% over the quarter as more inventory was leased than new inventory delivered. Houston’s retail sector recorded 505,080 square feet of positive net absorption in the third quarter, pushing the year-to-date total absorption to 2.8 million square feet. Year-to-date leasing activity reached 4.5 million square feet, a decrease of 2.1% when compared to Q3 2021 year-to-date activity. The average asking rental rate increased 2.0% on an annual basis.

Market Indicators

2022_Q3_Retail_Market Indicators 

Historic Comparison

2022_Q3_Retail_Historic Comparison 
 *The average asking rents in the table above are an average of all property types that are currently listed with an asking rate. This average does not include properties that are fully leased or that do not list an asking rate.

Market Fundamentals

2022_Q3_Retail_Market Fundamentals 
The forecast in the above graph is based on a trailing 4-quarter average.

2022_Q3_Retail_SearchResultImage_1024x972

Q3 2022 | Houston Retail Market Report

Download Report
Related Experts

Lisa Bridges

Director of Market Research

Houston

Lisa joined Colliers in 2010 as Director of Market Research and has 37 years of commercial real estate experience. Lisa initiates proactive market research projects to further the business goals of the company. She writes and prepares 29 market reports annually, including quarterly reports on Houston's retail, office, industrial and healthcare properties.  Further, she prepares statistical ownership reports for various clients as well as an annual Houston Economic Overview. Lisa also creates PowerPoint market presentations, trade journal articles, and other marketing materials supporting the company's business endeavors. She works with senior management in planning the company's marketing strategy and public relations support for local and national conferences, luncheon meetings, recruitment programs, and special events.  Lisa works closely with the company's brokers to develop effective custom market research material specific to existing and potential clients.

Lisa serves on the Colliers Editorial Board, the Colliers U.S. Research Council, and is a recipient of the Colliers Researcher of the Year Award.

Lisa earned the Commercial Property Research Certification (CPRC) from Colliers University.  CPRC is the first and only accreditation for commercial real estate research professionals. It offers a professional development path to increase strategic and tactical expertise in marketing/research, knowledge of the industry and capabilities with commercial real estate tools.

View expert