HOUSTON-According to a midyear report by Dallas-based Weitzman Group, the Houston retail market has thus far experienced brisk leasing and construction activity as well as notable expansions. The market, say researchers, definitely will finish on a strong note this year.

The report attributes the success of the retail market to Houston’s strong housing and job market, citing a home sales boost of 6% by June and a 2.4% job growth increase between May 2000 and May 2001. The report puts retail occupancy levels at 90% compared to 88% at the 2000 close.

Grocery store chains have been very active in 2001, H-E-B already has nine stores under way, Kroger has opened two stores and Randalls has opened two stores and has up to two on the way. The report also mentions some significant closures such as the Weiner’s bankruptcy, the closing of six Stage Stores Palais Royals, the closing of all of the Montgomery Ward’s stores in Houston and the local and national closures of HomeLife.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.