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TEXAS

a retail paradise

SRS + Texas

For 40 years, SRS has been a fixture in Texas retail, providing 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 95%, reflecting a healthy balance of supply and demand.

$2.7T Texas economy

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

Mixed-Use Appeal

Strong retail fundamentals + ongoing mixed-use investment continue to drive demand

High Occupancy Rates

Retail occupancy rates exceeding 95% 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

Big Box Momentum

Texas remains a powerhouse for big-box retail, welcoming five new Target stores and four Costcos in 2025, with five BJ’s Wholesale Clubs on deck for 2026.

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 reached a new high in 2025 with their largest labor force ever at nearly 16M workers. This further enhances retail demand, 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

H-E-B’s opened as of February 2026

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 Grandscape integrate retail, dining, entertainment, and residential components, meeting the demand for walkable, community-oriented spaces.

Dallas-Fort Worth

Owner Services Capital Markets

Grandscape

5752 Grandscape Blvd | The Colony, TX

Tavolo Park

SWQ Chisholm Trail & Altamesa | Fort Worth, TX

Classen Ridge

3921 S Classen Blvd | Norman, OK

Southgate Marketplace

SEC I-35W & Rendon Crowley Rd | Fort Worth, TX

Eastchase Market

1600 Eastchase Pkwy | Fort Worth, TX

ON THE MARKET

Lakewood Village in Dallas, TX

GLA: 40,779 ± SF | Occupancy: 100%

ON THE MARKET

Plantation Village Plaza in Lake Jackson, TX

GLA: 36,962 ± SF | Occupancy: 100%

ON THE MARKET

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 Chili’s

7710 N FM 620, Building 2

Austin, TX

Central Texas Marketplace Outparcels

NWQ Hwy 6 & I-35 Waco, TX

Fredericksburg Pad Opportunity

501 Friendship Lane

Fredericksburg, TX

Capital Markets

RECENTLY CLOSED

Woodland Place in Austin, TX

Key Tenants: Firehouse Vet & Austin Family Orthodontics

GLA: 11,049 ± SF | Occupancy: 100%

RECENTLY CLOSED

The Shops at Greenlawn in Round Rock, TX

Key Tenants: Tide Dry Cleaners, Next Level Urgent Care, F45 Training

GLA: 22,970 ± SF | Occupancy: 92%

RECENTLY CLOSED

Shops at Ladera Bend in Austin, TX

Key Tenants: Anytime Fitness & Russell’s Bakery

GLA: 43,847 ± SF | Occupancy: 100%

RECENTLY CLOSED

Lifetime 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 $623 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.

1.5M+ new residents in the last decade

4th largest U.S. city

350K+ educated millennials 760+ expansion and relocation projects in the last 2 years