The retail sector faced headwinds as new challenges came with the global pandemic. Just as specific commercial real estate industries thrived coming out of COVID-19, so did certain markets. Located within the booming Sunbelt region, Texas has welcomed corporate relocations, new residents, and growing employment opportunities. Even during the economic disruption, Texas employment and population growth did not stagnate, allowing developers to continue pushing forward. The state holds some of the strongest retail markets in the nation, as investors continue to target Texas for its low business costs, pro-business policies, tax-friendly climate, high quality of life, and plentiful land for growth. The state’s economic development prioritizes citizens’ benefits when businesses relocate to its cities, bringing in more jobs and a more extensive tax base. Additionally, Texas city governments work with companies to speed up entitlements and zoning approvals to bring growing businesses that contribute to the economy.
31 Mar 2022
Texas Retail Market Report
Category: Net Lease Retail Tags: net lease retail, Retail Report, texas
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