McNellis: Choosin’ Texas?
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed retail deal value tracked in November 2026: $2B across 36 reported transactions. All Retail coverage →
Computed from Real Estate Trail’s own tracked coverage
Texas is booming, with new retail, data centers and people. But the same easy land and fast approvals that drive the boom also set it up for overbuilding. By John McNellis It’s official. Costar, a leading commercial r…
External link. Real Estate Trail does not republish source content.
Related coverage — Retail
Lamar Cos., Real Capital Solutions sell regional shopping center in Arizona for $63m
Major Detroit retail center anchored by Meijer hits the market
News | Grand Rapids, Michigan-area shopping center with new roof finds a buyer
INDOCHINO Opens New Concept Showroom at Cherry Hill Mall, Bringing Made-to-Measure Menswear and Womenswear to South Jersey
The 1,200-square-foot showroom is the second in INDOCHINO's new concept format and extends the brand's roots in Greater Philadelphia, one of its original markets CHERRY HILL TOWNSHIP, N.J., Nov. 9, 2026 /PRNewswire/ -…
Westborough Shopping Center Foreclosure Auction Set for Dec. 8
Washington Trust Finances Reconstruction of Block Island Landmark
The Washington Trust Company has provided $8.5 million in financing to VVO Real Estate Holding, LLC for the reconstruction of the Harborside Inn, a landmark hotel with retail space located at 41 Water St. in New Shore…