HEB to dominate grocery store growth in 2018 as retail development declines

Houston won’t see quite as much retail development in 2018 compared to the past two years.

The area is expected to see 3.28 million square feet of retail space built and opened this year, according to Houston-based Wulfe & Co.’s 25th Annual Retail Survey. That’s down 23 percent from the 4.27 million square feet completed in 2017 and down 28 percent from 4.56 million square feet in 2016. 

However, this year’s projection is more in line with the average of 3 million square feet over the…

Source: Arizona Business Journal