Houston Retail Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Partners Real Estate, Marcus & Millichap, Cushman & Wakefield, Colliers
Quarterly retail market indicators for Houston, aggregated by CREhunt from Partners Real Estate, Marcus & Millichap, Cushman & Wakefield, Colliers. As of Q1 2026, average asking rent was $21.28/SF/yr and vacancy was 5.5%, per Partners Real Estate.
Projected current retail pricing — Houston
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 7.5%, asking rent trend-adjusted to today). Assumes ~95% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 Partners Real Estate | $21.28/SF/yr | 5.5% | 660K SF | — | Partners Real Estate |
| Q1 2026 Marcus & Millichap | — | — | 9.0M SF | — | Marcus & Millichap |
| Q1 2026 Cushman & Wakefield | $21.28/SF/yr | 5.6% | 569K SF | — | Cushman & Wakefield |
| Q1 2026 Colliers | $20.27/SF/yr | — | — | — | Colliers |
| Q4 2025 Cushman & Wakefield | $20.92/SF/yr | 5.6% | 505K SF | 3 SF | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $20.46/SF/yr | 5.7% | 814K SF | — | Cushman & Wakefield |
| Q2 2025 Colliers | $20.27/SF/yr | 5.7% | 38K SF | — | Colliers |
| Q4 2024 Cushman & Wakefield | $20.86/SF/yr | 1.9% | — | — | Cushman & Wakefield |
Retail asking rents by submarket
The newest asking rent a named brokerage's report published for each Houston retail submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Central/Inner Loop | $31.13/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| East | $18.99/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Far North | $22.17/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Far Northwest | $22.57/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Far Southwest | $21.91/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Katy Area | $25.87/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Memorial/Westchase | $24.14/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| NASA/Clear Lake/Galveston | $17.53/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| South | $18.94/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Southwest | $20.41/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Spring/Kingwood | $18.76/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Uptown/Galleria | $29.94/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| West/Northwest | $17.00/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
Frequently asked questions
- What is the average asking rent for retail space in Houston?
- As of Q1 2026, the average asking rent for retail space in Houston was $21.28/SF/yr, per Partners Real Estate.
- What is the retail vacancy rate in Houston?
- The retail vacancy rate in Houston was 5.5% as of Q1 2026 (Partners Real Estate).
- Where does CREhunt's Houston market data come from?
- This report aggregates quarterly retail market data for Houston from Partners Real Estate, Marcus & Millichap, Cushman & Wakefield, Colliers.