HOUSTON—A post-second quarter report released from Colliers International reveals that Houston is experiencing growth in virtually all sectors.
Houston's retail market showed 1.2 million square feet of positive net absorption in the second quarter. New tenants include Whole Foods Market, Kroger Marketplace, Conn's Appliances, Horse & Rider, Vineyard Vines, Trina Turk, Brucettes Shoes and Harbor Freight Tools. The average citywide vacancy rate fell to 6.3%.
Houston's medical office market occupancy increased during the first half of 2014, with the citywide average vacancy rate decreasing to 10.3% from 11.5% in the fourth quarter of last year.
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