Houston retail strong amid nationwide closures

Houston has managed to avoid the impact of a national retail downturn, according to CBRE’s first quarter numbers. The city posted a 94.4 percent occupancy rate, thanks to a tightening market, strong absorption and heavy pre-leasing deliveries, Bisnow reported. Rising land and build costs could create more competition, but overall, moderate growth is expected, according to CBRE’s report. [Bisnow]