Report: Houston retail real estate market looks strong in 2014

Houston – Growth in the Houston retail estate market is expected to follow strong residential real estate growth in 2014. According to a report from NewQuest Properties delivered at the recent BoyarMiller Real Estate Forum, there are about 15 new shopping centers planned or under way in Houston.



In addition, the Houston retail sector is struggling to keep up with growth in the city and experiencing very low vacancy and default rates



"The Grand Parkway is a game-changer and the Katy area is now the fasting growing community in the U.S.," said Jay Sears, managing partner of NewQuest Properties. "New development in that community is driving retail with grocers leading the way. We are seeing new grocers coming to the market and some that are moving to the suburbs for the first time."