04:51 7 November
Houston among the top buyer’s markets for retail real estate.
Houston among the top buyer’s markets fo Houston
Houston, United States Of America
The booming economy and growing energy sector have given a chance to Houston to expand its real estate market. The city has acquired the 4th position in the local real estate. There have been projections of a 4 percent rise in the cost per square foot, and it will reach $17.42 in 2022. The rental price is expected to rise at a rate of 1 percent every year.
Houston has managed to surpass some of the most famous real estate markets, and in the coming days, the city can see a lot of change in the cityscape. However, Brick and mortar retailers are facing a lot of challenges as the buyers preferring to buy the product from the online market. In 2019 approximately 8560 stored have closed. Still, the overall mood towards the retail market is healthy and expected to see growth in other retail formats as well.