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Texas  + Retail  | 
Wisconsin Strip Mall Changes Hands

Retail: Texas Annual Rent Growth Positive

Reis Inc.’s preliminary Q4 2018 report noted that, nationwide, retail vacancy rates remained unchanged quarter over quarter, while rent growth was more or less flat. Still, this wasn’t bad news; “many may recall that store closure announcements for Sears, Kmart, JC Penney . . . dominated the news at the end of 2017 . . .” with soaring vacancy rates and plummeting rents. This did not happen.

Meanwhile, in Texas, while the vacancy rates were in double digits in North Texas and Houston, Central Texas remained in single digits, with annual rent growth ranging from 1.9% (Fort Worth) to 3.3% (Austin).

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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