Retail Business for Lease in Houston, TX

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Houston, TX 77007
  • Size: 97,164 SF

Photos

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Description

M-K-T is a collection of five adapted industrial buildings that function as a modern mixed-use destination featuring chef-driven dining options, local and national retail offerings, and creative office space in the heart of The Houston Heights; one of the area’s most historic and dynamic neighborhoods. M-K-T’s local development team challenged the notion that successful mixed-use projects must demolish the past. Our team is committed carrying on the sense of community and to contributing to the neighborhood through retrained scale, readapted and distinctive architecture, and unmatched sitewide offerings.

Market Context

This retail in Houston, TX is listed for lease across 97,164 SF. Compare it against other retail listings for lease 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 space leases 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).

Estimated Market Rate

$1.63/SF/mo – $2.29/SF/mo

Mid: $1.96/SF/mo

Estimated total for 97,164 SF: $190,441 per month

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