Boardwalk at Towne Lake — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Houston, TX 77433
  • Size: 145,997 SF
  • Year built: 2014

Photos

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Boardwalk at Towne Lake (the “Property”), an experiential 145,997 square foot mixed-use destination in Cypress, Texas. Currently 97.9% leased, Boardwalk serves as the retail and lifestyle core of the Towne Lake Master-Planned Community, benefiting from strong population growth, rising incomes, and exceptional daily traffic.

Market Context

This retail in Houston, TX is listed for sale across 145,997 SF. The building dates to 2014. Compare it against other retail listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston retail market showed a 5.5% vacancy rate, average asking rents near $21.28/SF/yr, rents up 2.5% year over year, and cap rates around 7.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Houston?
About 7.5% as of Q1 2026, per multiple brokerage reports.
Is the Houston retail market tightening or softening?
Vacancy is around 5.5%, with asking rents rising year over year (Q1 2026).

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