Archive for October, 2010

There

retail community, there is an ongoing discussion about
Lack of consumer brand and store loyalty. The long chains
There was the retail landscape, and mother-and-pop
Retail is almost a thing of the past. Kaplan Ben-Hur, a
operation independent store in Houston Heights
Neighborhood for decades, the Levant recently closed in the middle
Prices and falling incomes. In contrast, residents of the surrounding
Woodland Heights neighborhood have recently been cited as
with the opening of a new target group will be thrilled
close this summer.

Perhaps an explanation for this change is the blurred line (at
at least in the minds of some consumers) between discount
Shops and traditional retailers. A new upscale Wal-Mart
Super Center in Dallas suburb of Plano to win
Consumers can be confident that the term “upscale Wal-
Mart is “not an oxymoron, and not very happy
Start Sushi in their car next to her bed and economy size
Mouthwash. But given the popularity of the non-
“Upscale” discounters, it seems that the new brand
Fair fair price – only from a buy, and get the
absolute lowest price.

is obsessed with an estimated sale price is a good thing? On the one hand, some
react negatively to retail competition.
And we received bids today for many everyday
Article, but some would say that the money we save
negligible. Consumers will be the current settings of retailers
least for the long term? Perhaps one day soon the public
have a change of heart and retailers that focus not do
strictly on the price benefit of a revival. Then again, maybe
they are not, and it is only a matter of time before Wal-Mart are
Leasing the vacant Galleria.

ABSORPTION
Houston Retail feet has to step back from the last quarter with a negative 429,215 square (SF) made of the absorption, marking the first quarter of negative absorption in 12 quarters. Move More and robust construction with considerable-outs, including Mervyn’s combined, contributed to negative numbers. annual absorption remains positive at 1.5 million francs. In the first quarter, scored all categories except negative absorption band centers,
with a regional shopping center in the greatest difficulties.

regional shopping centers have seen their softest quarter for several years, listing 469,464 SF of absorption. annual absorption remains in the red, to 615,188 SF. Much of the negative absorption by Mervyn aside large areas in several regional shopping centers, including First Colony Mall in the far southwest and the Woodlands Mall in the North. The demand for space in community centers continue to weaken, posted its second consecutive year
Quarter of negative absorption, with 22,088 SF. annual absorption totaled 788,570 SF, despite losses in the past two quarters. The area of extreme south-east brought the market – 114,920 SF absorbed. Social centers struggled during the first quarter as well absorb 84 260 SF. Absorption current annual SF 922 988. The Near West sector showed a strong
absorbed by request with 33 805 SF, while the domestic sector absorbed 65,993 SF Loop. Band centers continued their strong performance, 146 597 SF absorb during the quarter. This is the 14th Consecutive quarter of positive absorption of the band centers. The territory of the Far North was the main reason for the increase with 47,696 SF, while the demand was weakest in the West with nearly 10 472 registered SF absorbed.

PROFESSIONAL
Retail occupancy decreased significantly during the first quarter, losing 0.61 points or falls below 86% for the first time in two years. The average utilization rate is 85.95%, the lowest level for two years. All sectors have recorded a decline in occupancy, with a regional shopping center is the biggest hit, losing more than 2 points.

Regional mall occupancy levels in the quarter primarily due to Mervyn’s Move-out area in several shopping centers. The average occupancy lost 2.03 points to 86.76% and now stands at 2.64 points below the level at this time last year. The shopping center is in the industry Greater South West, First Colony Mall, a decline in the utilization of nearly 8 points and now stands at 90.10% unique.
Community center occupancy dipped 0.08 points over the quarter to 86.87%, the second year in a row. However occupancy of 1.52 points has increased since that time last year. The occupation is highest in the south to 95.87% while the lowest score of the Near North area reported to be 67.78%.
Social centers occupancy decreased 0.32 points to 85.40% from last quarter, bringing the total decline over the year to 0.44 points. None of the 13 areas that currently have reporting an occupancy rate of over 90% of the sector in the far north lowest utilization at 78.75%. The occupancy rate in strip centers to a steady decline, falling 0.78 points
during the quarter to 84.70%. Apart from a slight increase in the first quarter of 2005, occupancy has fallen every quarter for two years. The southern region remains the highest utilization of 93.12% show the lowest utilization in the Far West, 77.07% is found.

Despite poor performance in the absorption and occupancy in the last quarter, rents rise, winning the posting a 0.01 square meter (PSF). A 0.59 psf, rents are higher than levels of 0.04 this time last year and are recorded at the highest level ever. The highest rents will continue to be observed in much of the city, while large quantities of newly established centers driving up the rents in some suburbs.

regional mall rents rose in the quarter, 0.06 to 0.04 lb / ft, the highest level since the third quarter of 2004. The Near West sector of the Galleria and Memorial City Mall also includes the highest rents, followed by the industry in the far north, home to the Woodlands Mall Post. Community center rents showed a moderate increase of 0.01 percent during the quarter to 0.50 lb / ft The Near West sector reporting the highest rents in the average £ 0.19 / m, while in the Middle
Areas in the Southeast and Middle North West have the lowest rents ft with 0.96 lb /
Neighborhood Center rents remained flat during the quarter and the year were 0.02 to 0.14 lb / ft The Near West sector has the highest rents at 0.53 lb / ft, from the domestic sector loop with average rents of 0.50 followed £ / ft.
Strip center rents continued their steady upward, rising from 0.01 in the quarter to 0.13 lb / ft Average rents are up to 0.04 this time last year. The inner loop around western sectors report the highest average rents in the £ 0.59 / m, while the lowest rents in the vicinity of North West sector at 0.76 lbs / Ft.

BY CATEGORY
O’Connor & Associates shares the room multi-tenant retail in four categories for purposes of analysis: regional malls, community centers, social centers and strip malls. Based on the number of centers and retail sector, social centers lead to other categories with 48% of the total inventory of Houston Grand detail. The second category is community centers, corresponding to 25% of the total inventory.

/ file_repository/Houston-Retail_4Q_2006.pdf

Retail Inventory System