LAS VEGAS—The Houston retail market has been strong for years now and consumers in Houston — like many parts of the country — are very resilient. As a result, Jason Baker, principal with Houston-based Baker Katz, is seeing more first-to-market retailers across a wide range of categories make their way into Texas by way of Houston.
We chatted with Baker during the ICSC Las Vegas Conference, where he said that with a mix of the lack of new construction, resulting in both elevated occupancy and rental rates, the byproduct is a highly competitive landscape.
The bottom line is that best in class operators are at the front of the line when quality vacancy does become available, he says.
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