A combination of 20-plus-year-high borrowing costs and reduced capital availability, coupled with high material costs and labor shortages, have created the perfect storm for a sharp pullback in groundbreakings in Houston’s retail market. The number of construction starts fell to an all-time annual low in 2023.
Leasing Options for Retailers in Houston Likely To Remain Limited in 2024
Total Groundbreakings in 2023 at Record Low
CoStar Analytics
January 29, 2024 | 9:59 P.M.
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