Houston's retail development boom — including grocery stores, big-box retailers and other major projects — shows no sign of slowing down this year, even as the energy downturn has hit several other real estate sectors.
The area is expected to see 4.98 million square feet of retail space built and opened in 2017, according to Houston-based Wulfe & Co.’s 24th Annual Retail Survey. That’s up 9.2 percent form the 4.5 million completed in 2016 and the largest figure the Houston area has seen since 2008. Click through the slideshow to see some major retail developments underway around the Houston area.
Much of the new space is already under construction, is fully leased by national retailers, is being self-developed by national retailers or includes planned new projects of major development firms. Only about 10 percent will be speculative store space available for lease.
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