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Market Overview
In Houston, Shopping Centers for sale are averaging 41,746 SF, a notable contrast to the broader Texas market, where average listing size fell roughly 23.5% from 37,352 square feet in Q1 2026 to 28,569 square feet by Q3 2026. Over that same period, Houston moved in the opposite direction, rising about 28.5% from 33,185 square feet to 42,636 square feet.
- Active Houston listings grew from 70 in Q1 2026 to 87 by Q3 2026, a gain of about 24%, compared to a much more gradual increase of roughly 5% statewide over the same period, with 89 listings currently available.
- The average cap rate for Houston shopping centers for sale held essentially flat across all seven months of data, moving from 6.75% in Q1 2026 to 6.81% by Q3 2026, a shift of just +6 basis points, which closely mirrors the steady, range-bound pattern seen across Texas as a whole over the same period, with listings currently averaging 6.79%.
- Houston's average price per square foot moved unevenly from $365 in Q1 2026 through a high of $410 in Q2 2026 before settling back to $353 by Q3 2026, with no sustained directional trend, while the current average stands at $353.
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