TEXAS
SRS + Texas
For nearly 40 years, SRS has been a fixture in Texas retail and provides tenant, owner, and investment services throughout the great state. Texas is a thriving hub for retail real estate growth, driven by its robust economy, dynamic population trends, and strategic adaptation to evolving consumer demands. The state boasts a business-friendly environment, low tax burdens, and a burgeoning population that continues to fuel demand for retail spaces. Major metro areas like Austin, Dallas-Fort Worth, Houston, and San Antonio showcase high occupancy rates, averaging above 94%, reflecting a healthy balance of supply and demand.
$2.4T Texas economy
55
Fortune 500 HQs Top state in the nation for most Fortune 500 headquarters
No personal or corporate income tax State and local tax burden 18% lower than national average
Best in the nation for business climate and job growth - Site Selection Magazine
Mixed-Use Appeal
Developments integrating retail, residential and entertainment spaces are expanding rapidly, driven by demand for walkable communities
High Occupancy Rates
Retail occupancy rates exceeding 94% in major metro areas
Investment Surge
Grocery-anchored centers and essential retail properties in Texas now attract twice the number of bids compared to five years ago
Retailers in Texas benefit from a mix of traditional brick-and-mortar formats and innovative omnichannel strategies that integrate digital and physical shopping experiences, creating vibrant, consumer-focused marketplaces.
Texas’ population growth, with over 540,000 new jobs created in the past year, further enhances retail demand, especially in mixed-use developments that blend residential, retail, and entertainment options. This population surge, coupled with strong economic fundamentals, makes Texas a compelling destination for retail investment. The state’s focus on experiential and essential retail, combined with limited speculative development, has kept supply tight and rents stable, offering high returns for investors.
DALLASFORT WORTH a bustling business environment
4.7M SF under construction, leading the U.S. in retail construction activity #1 region for job growth with 100K+ jobs added annually
214% faster population growth rate than national average between 2022-2024
20% increase in single-family home construction permits in 2024
Dallas-Fort Worth (DFW) is a prime location for retail expansion due to its dynamic economic environment, substantial population growth, and vibrant cultural landscape. The DFW metroplex has one of the fastest-growing populations in the United States, currently exceeding 8 million people. This growth is fueled by a combination of domestic migration, economic opportunities, and a lower cost of living compared to other major metros, creating a burgeoning consumer base ideal for retail businesses. Additionally, DFW’s diverse demographic makeup supports a variety of retail categories, from luxury brands to essential goods.
DFW offers travel anywhere in the continental U.S. within four hours and accesses 70+ direct international destinations.
The region’s economy is another strong driver of retail expansion. As a hub for industries such as technology, finance, and logistics, DFW enjoys a robust labor market with unemployment rates consistently below the national average. High employment levels translate to greater disposable income, which fuels retail spending. Furthermore, DFW’s strategic location with access to multiple transportation networks, including Dallas/Fort Worth International Airport and extensive highway systems, facilitates efficient supply chain operations, benefiting retail logistics and distribution.
DFW’s commitment to mixed-use developments and experiential retail makes it an attractive destination for both retailers and consumers. Popular areas such as Legacy West and The Shops at Clearfork integrate retail, dining, entertainment, and residential components, meeting the demand for walkable, community-oriented spaces.
Nation’s top spot for real estate investment and development for 2025
- PricewaterhouseCoopers and the Urban Land Institute
Dallas-Fort Worth
Owner Services
The Shops at North East Mall
NEQ I-820 & Pipeline Rd | Hurst, TX
Weslaco Palm Plaza 1025 N Texas | Weslaco, TX
Bassett Place
6101 Gateway Blvd W | El Paso, TX
Southgate Marketplace
SEC I-35W & Rendon Crowley Rd | Fort Worth, TX
Eastchase Market
1600 Eastchase Pkwy | Fort Worth, TX
Capital Markets
RECENTLY
Irving Square Shopping Center in Irving, TX
Key Tenants: Ollie’s & Dollar Tree
GLA: 35,439 ± SF | Occupancy: 100%
RECENTLY CLOSED
Chase & Starbucks in Fort Worth, TX
GLA: 6,076 ± SF | Occupancy: 100%
RECENTLY CLOSED
Chick-fil-A in Dallas, TX
Sale Price: $3,735,000 | Cap Rate: 4.15%
AUSTIN
a retail hot spot
Austin, Texas, stands out as a prime location for retail expansion due to its strong economic growth, vibrant culture, and favorable market conditions. Known as the “Tech Hub of the South,” Austin continues to attract a highly educated workforce and a growing population, with projections suggesting significant long-term growth. This demographic expansion fuels demand for retail spaces, supported by the city’s low unemployment rate (3.4% as of mid-2024) and an economy heavily influenced by technology, hospitality, and trade sectors.
Austin attracts more than 30M+ visitors annually, generating billions in economic activity and creating significant foot traffic for retail establishments.
The retail market in Austin boasts exceptionally tight vacancy rates, currently around 3%, reflecting robust demand. Additionally, record-high asking rents—averaging $27 per square foot and increasing by 12% year-over-year—signal the market’s strength. Developers are responding cautiously, with a reduced pipeline of new retail space, ensuring continued balance between supply and demand. Noteworthy retail projects such as the EastVillage and H-E-B developments illustrate ongoing growth in key areas.
High retail occupancy
rate of 97.3%, demonstrating strong demand and low vacancy in the market
Best-performing city #1 for migration
according to an annual assessment of economic growth and access to opportunities in U.S. metro areas
among major metros, adding a 2% increase in population last year
Tenant Services
Owner Services
AutoNation Land
15718 N Interstate 35 Austin, TX
Burnet Pad Site
1003 N Water Street Burnet, TX
Former Chilis
Capital Markets
COMING SOON
The Shops at Greenlawn in Round Rock, TX
Key Tenants: Tide Dry Cleaners, Next Level Urgent Care, F45 Training GLA: 22,970 ± SF | Occupancy: 100%
REVIEWING OFFERS
Shops at Ladera Bend in Austin, TX
7710 N FM 620, Building 2 Austin, TX
Former Salsa’s Cantina 3480 Ranch Road 620 S Bee Caves, TX
Fredericksburg Pad Opportunity 501 Friendship Ln Fredericksburg, TX
Key Tenants: Anytime Fitness & Russell’s Bakery GLA: 43,847 ± SF | Occupancy: 100%
REVIEWING OFFERS
10400 Menchaca Road in Austin, TX
Key Tenant: Lustre Pearl South Size: 2.88 AC | Type: Future Dev / Leaseback
RECENTLY CLOSED Life Time Fitness in Austin, TX
HOUSTON thrives on retail
Houston’s expansive economy and growing population make it one of the most lucrative cities for retail expansion. As the fourth-largest city in the U.S., Houston benefits from a highly diverse population with significant disposable income. Its economy is driven by a mix of industries, including energy, healthcare, and technology, creating a dynamic consumer base that supports a variety of retail concepts. This robust economic landscape ensures steady demand for retail spaces.
Over the past 12 months, Houston’s retail real estate market saw $574 million in transaction volume.
The city’s strategic location as a logistics hub adds to its retail appeal. With a comprehensive infrastructure, including a busy port, expansive highways, and proximity to international markets, Houston facilitates efficient distribution and supply chain operations. Retailers benefit from the ability to serve not just local customers but also a broader regional market.
Houston’s proactive approach to urban development and zoning supports retail expansion. The city’s mixed-use developments and growing suburban areas offer retailers ample opportunities to tailor their offerings to different demographics.
1.1M+ new residents in the last decade
4th largest U.S. city
350K+ educated millennials 760+ expansion and relocation projects in the last 2 years
Owner Services
Former Drive Thru Restaurant for Lease 2408 S First Street Lufkin, TX
Midtown Crossing 510 Gray Street Houston, TX
Pad Sites for Sale Kempwood Drive & Beltway 8 Houston, TX
1.867 Acres Available 14141 Gulf Freeway Houston, TX 77034
Capital Markets
SAN ANTONIO prime for more growth
Among major Texas metros, San Antonio has demonstrated the most resilient GDP growth which indicates a stable and expanding economy.
San Antonio stands out as a rapidly growing hub for retail expansion due to its significant population growth, affordability, and strategic market potential. As one of the fastest-growing cities in the United States, its population boom fuels demand for retail, creating opportunities for businesses to establish themselves in a market with increasing consumer needs. Additionally, San Antonio’s lower cost of living compared to other major Texas cities attracts both residents and businesses, solidifying its position as a cost-effective location for retail investments.
The city’s cultural diversity and vibrant economy provide a strong foundation for a robust retail market. With a blend of historic attractions, like the Alamo and River Walk, and contemporary developments, San Antonio appeals to both tourists and locals, driving consistent foot traffic to retail spaces. Moreover, being ranked as the eighth-best U.S. real estate market for 2024 by PwC highlights its investment attractiveness for retail and other sectors.
Impactful tourism Growing population 2025 Improvements
Attracts 34M+ visitors annually, generating more than $15B+ in economic impact
1.4% growth rate and one of the fastest-growing cities in Texas and the United States
Significant infrastructure and development projects will improve the city’s accessibility
San Antonio
4306 NW Loop 410
San Antonio, TX
10,200 SF Available
2625 Broadway Street
San Antonio, TX
4,000 - 28,130 SF Available
9093 Huebner Road
San Antonio, TX 78240
1,200 - 20,000 SF Available
NWQ 1604E at IH-10E
San Antonio, TX
1.21 AC Available | Pads & New Construction
ON THE MARKET
Carvana in San Antonio, TX
Price: $7,111,000 | Cap Rate: 7.35%
ON THE MARKET
Pizza Hut Portfolio in San Antonio, TX
Price: $5,380,000 | Cap Rate: 5.60%
RECENTLY CLOSED | JULY 2024
Bandera Pointe in San Antonio, TX
GLA: 439,123 ± SF | Occupancy: 99%
RECENTLY CLOSED | NOVEMBER 2024
San Marcos Place in San Marcos, TX
GLA: 73,885 ± SF | Occupancy: 82%
Retail and Industrial Go Hand-in-Hand
• Today, retailers need a myriad of industrial facilities to serve their rising e-commerce distribution needs.
• Retail owners and landlords are finding it increasingly important to embrace non-traditional retail tenants to remain relevant.
• Net lease investors are finding industrial a lucrative option to diversify their asset portfolio.
We’re always looking for top talent at SRS. Reach out to any member of our leadership team for more information on joining SRS Real Estate Partners.
TEXAS Brokerage Team
Karla Smith
EVP & Managing Principal
214.560.3247
karla.smith@srsre.com
RETAIL Dallas/Fort Worth
Drew Allen
drew.allen@srsre.com
RETAIL San Antonio
Macon McColm
macon.mccolm@srsre.com
RETAIL Dallas/Fort Worth
Michael
214.560.6900
michael.kaplan@srsre.com
CAPITAL MARKETS / RETAIL Dallas/Fort Worth
Nathan Niehuus
Mark
mark.reeder@srsre.com
RETAIL Dallas/Fort Worth
Michael Dabney
michael.dabney@srsre.com RETAIL Austin
Kaylyn
kaylyn.murray@srsre.com
RETAIL Dallas/Fort Worth
nathan.niehuus@srsre.com INDUSTRIAL Austin Kyle
kyle.shaffer@srsre.com CAPITAL MARKETS Austin, San Antonio
Lance
lance.woodward@srsre.com
Worth
dawn.greiner@srsre.com
RETAIL Dallas/Fort Worth
lauren.dickson@srsre.com
RETAIL Dallas/Fort Worth
joseph.cooper@srsre.com
isaac.haas@srsre.com INDUSTRIAL Dallas/Fort Worth
Retail, Capital Markets & Industrial
Tyler
214.560.3145
tyler.isbell@srsre.com
RETAIL Dallas/Fort Worth
Maddox
maddox.graham@srsre.com
RETAIL Dallas/Fort Worth
cole.dutherage@srsre.com RETAIL Houston
andrew.broyles@srsre.com
INDUSTRIAL San Antonio
preston.enloe@srsre.com
RETAIL Dallas/Fort Worth
melanie.maguire@srsre.com
RETAIL Dallas/Fort Worth
