Houston’s retail boom opens opportunities for private investors, other commercial real estate plays

With high interest rates keeping many institutional investors on the sidelines, private capital has been driving most of Houston’s commercial real estate transactions over the past year.

And while every property type has pros and cons, one of the most appealing is retail, said John Indelli, senior director of capital markets for JLL’s Houston office.

With vacancy rates at just 5.2% and rents up 6.5%, according to JLL research, it’s a landlord’s market. Service providers, food and beverage…