March 17, 2017
Connect is coming to Austin! Learn more here.
If you live in, or travel around, Texas, you might notice that more grocery stores have been opening. You’re not imagining the situation; according to JLL’s Grocer Tracker 2017, Texas led the way in 2016 in having the highest percentage nationally of new grocery stores opening at 16.1%. The metric translates to three million square feet of new grocery space leased.
Simmi Jaggi, with JLL’s retail land group in Houston, told Connect Media that the rapid expansion of the grocery sector is due to both pent-up demand and huge population growth. “Because the growth of grocers is mainly an effort to catch up with population growth, I don’t think we’re currently at risk of being overbuilt with grocery stores,” she said, adding that she believes the rate of growth will slow, naturally, as retailers satisfy demand.
For comments, questions or concerns, please contact Amy Sorter
For advertising information, please contact Joni Margotta