Downtown, suburbs or no space: Why small businesses are reconsidering their leases

Nationally, economic forces have caused some small businesses to downsize their retail space. Houston seems to be bucking that trend.

Data from Colliers and CBRE show that Houston’s retail market is not only staying strong, but actually expanding to meet growing demand.

“Looking back on 2023, the retail sector continued to outperform and lead the overall market with demand for retail space outpacing current supply,” said Danny Rice, president of Colliers in a report earlier this year. “Vacancy…