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Texas  + Houston-Galveston  + Retail  | 
NAI Survey Houston Rents all-time high.

Houston Retail Rents At All-Time High

The first five months of the year mark the highest amount of leasing activity in January-May for the Houston retail market since 2016. In addition, vacancy rates have dropped 80 basis points, from. 6.3% to 5.5% from the same time last year.

The leasing and vacancy trends have led to an increase in rents. A recent NAI Partners survey showed Houston metro NNN average asking rent is at an all-time high of $19.37 per square foot, up almost 4% from last year.

Transactions of note included Academy Sports + Outdoors signing a lease for 58,095 square feet in South Cross Center and a 52,990 square foot lease signed in Southview Square.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Economy