retail property houston

Author: Tim Dillard Houston is America's 4th largest city. It is better known for its association with oil, but in recent years the city has diversified to become a leading educational, financial, medical and retail center. Today, the retail property market in Houston is generally strong all over the city - including downtown, the suburbs and surrounding area. There are several reasons for the strong retail property market in Houston. The city has seen steady job growth as well as expansion of its port facilities and substantial investment in major highway projects. Commercial and residential construction has also been strong over the last few years. And Houston has no zoning laws, which generally makes it easier for developers to build in just the right place. The average occupancy rate of Houston retail centers hovers around 85% - shopping centers built since 1990 tend to have a slightly higher rate than those built prior to that year. Newer shopping centers are generally