Popular on Rezul
- Luxury Presence Announces New Chief Technology Officer and Chief Product Officer
- Boston Industrial Solutions, Inc., introduces UV Ink for digital printing equipment
- The Fuse Group Announces New FOLKS President Amélie Poitras
- German skin cancer patients join the EPIC-Skin study
- The Boutique Hotel Higashiyama by Kyoto Tokyu Opened July 7, 2022 in the Center of Kyoto
- Tobu Railway to Introduce its Latest N100 Series of Limited Express Spacia X Trains in July 2023
- The Data Economics Company and Syzygy Publishing's Chris Ryall announces content partnership
- Axiros Selected by Connect Fibre UK to Manage Their FTTH Router Estate
- Skin Center Enjoys Rave Reviews For Their Microneedling Service
- SkillGigs, Inc. Listed as '50 Best Companies to Watch in 2022'
Similar on Rezul
- Engel & Völkers Gainesville Lists 'Paradise on the Prairie' for $4.5 Million
- The Golden Group at RE/MAX Platinum Realty Named Among America's Best
- 2022 | Mid-Year Texas Seniors Housing & Care Research & Forecast Report
- Harbor Associates Acquires 119,000-SF Office Building for Life Science Conversion
- PulteGroup adds 24 homesites and announces new bungalow home designs at Bradley Pond
- Mandarina Houses presents a comprehensive solution to your real estate needs
- Bundledocs launch new Cloud PDF Editor as part of their entry into North American market
- Fusion Growth Partners Named one of America's Fastest Growing Private Companies in the 2022 Inc. 5000
- Triten awards Colliers the retail leasing assignment for The Mill in Houston's East End
- E Fort Bend Commercial Real Estate Trends | Q2
Houston Retail Market Report | Quarter 2 2022
Rezul News/10591868
HOUSTON - Rezul -- Key Takeaways
Houston Highlights
Houston's vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as more inventory was leased than new inventory delivered. Houston's retail sector recorded 1.3 million square feet of positive net absorption in the second quarter, pushing the year-to-date total absorption to 2.4 million square feet. Year-to-date leasing activity reached 3.1 million square feet, an increase of 24% when compared to mid-year 2021. The average asking rental rate increased 2.0% on an annual basis.
More on Rezul News
Executive Summary
Commentary by Patrick Duffy, MCR
The Consumer is Still Consuming – Retail Holding On
Despite recent readings of consumer confidence dipping to the lowest level in seven years and a 40-year high inflation environment, the U.S. consumer is still buying. Retail sales (excluding food services) nationally hit a record high of $594B in June (unadjusted for inflation). That represents an increase of 7.7% over last year, which is below the reported CPI increase of over 8.5%. Our take-away is that the consumer is buying roughly the same amount of goods, but the goods cost more...Read the full report here: https://www.colliers.com/en/research/houston/q2-2022-houston-retail
- Vacancy continues to decrease
- Positive absorption recorded
- Rental rates increased 2.0% annually
- 2022 leasing activity up 24% annually
Houston Highlights
Houston's vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as more inventory was leased than new inventory delivered. Houston's retail sector recorded 1.3 million square feet of positive net absorption in the second quarter, pushing the year-to-date total absorption to 2.4 million square feet. Year-to-date leasing activity reached 3.1 million square feet, an increase of 24% when compared to mid-year 2021. The average asking rental rate increased 2.0% on an annual basis.
More on Rezul News
- Orbex Launches "The Ultimate Trading Course" Live Educational Series
- "DJ Mark Battle" Keeps Draymond Green on the dancefloor for hours during Wedding Weekend Extravaganza
- Harbor Associates Acquires 119,000-SF Office Building for Life Science Conversion
- Why Market Timing is a Bad Idea
- Boom Boom Firearms Training LLC., Is Hosting Maryland Wear & Carry Permit (CCW) 16-Hour Courses For Eligible MD Residents & Non Residents
Executive Summary
Commentary by Patrick Duffy, MCR
The Consumer is Still Consuming – Retail Holding On
Despite recent readings of consumer confidence dipping to the lowest level in seven years and a 40-year high inflation environment, the U.S. consumer is still buying. Retail sales (excluding food services) nationally hit a record high of $594B in June (unadjusted for inflation). That represents an increase of 7.7% over last year, which is below the reported CPI increase of over 8.5%. Our take-away is that the consumer is buying roughly the same amount of goods, but the goods cost more...Read the full report here: https://www.colliers.com/en/research/houston/q2-2022-houston-retail
Source: Colliers | Houston
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- Non-profit Responds to Post Covid Needs
- Eagan Immigration Announces Their Debut on the Inc. 5000
- The Stage is Set for The 2022 DLH Inspire Awards in Hollywood
- Fusion Growth Partners Named one of America's Fastest Growing Private Companies in the 2022 Inc. 5000
- Triten awards Colliers the retail leasing assignment for The Mill in Houston's East End
- E Fort Bend Commercial Real Estate Trends | Q2
- Contracting Resources Group, Inc. Named on Inc. 5000 List of Fastest-Growing Private Companies for Fifth Year
- Jackson Hole Ranch - The Highest Price Listing and Largest Acreage to Sell Year-to-Date
- BookingPal Announces Integration of 3D Secure Authentication for Rental Bookings in Europe
- Former Marine Sergeant Michael J. Rotch Launches Life Coaching Program, Helping People Find Their Voice
- Climate Justice Advocate, Felicia Davis, Statement on the Inflation Reduction Act
- Update on I-5 Project, Black Prime Contractor Raimore Construction
- DropOffer Launches in Six New Markets
- Century Fasteners Corp. – Christopher Hussey, Hired
- Aquia Inc. Announces Government and Cyber Veteran Advisory Board; Names Renee Wynn Inaugural Member
- Ironside Human Resources Ranks No.765 on the 2022 Inc. 5000 Annual List
- CareWell Health Medical Center Expands Leadership Team, Adds New COO
- Global Workplace Mental Health Provider CuraLinc Healthcare Debuts on the Inc. 5000 List
- Arizona Fireplaces Ranks No. 3277 on the 2022 Inc. 5000 Annual List
- Motherly Named to 2022 Inc. 5000 Annual List Among America's Fastest-Growing Private Companies