Spaces chose Houston because of its solid workforce and pro-business environment that stimulates the city's economic landscape, and strong infrastructure, which provides support to growing industries.
Q4's slight vacancy rise stems from “an increase of supply and a slight loosening in the tightness of the market as we have closed in on the previous cyclical low,” says Spencer Levy at CBRE.
In 2018, says FGRT's Deborah Weinswig, expect shoppers to continue turning to new retailers, marketplaces and channels, “while retailers look for further collaborations to future-proof their offerings.”
With options for large blocks being few amid increasing demand in San Diego and class-B making up the bulk of absorption in Orange County, tenants seeking this space might have some trouble finding it.