Demographics & Reports
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WITH its high concentration of daytime employment, growing residential base, expanding convention business and strong destination driven visitations, downtown Houston offers a retail environment with great potential for growth. Dining and nightlife remains the single biggest occupier of downtown retail space, but the growing residential population also creates a high demand for the day-to-day convenience  goods and retail merchandise. 

Downtown Houston is bounded by three major freeways: I-10 on the north, U.S. 59 on the east and I-45 on the south and west.  

Helpful reports:
Downtown Retail Task Force Report, Sept 12, 2013 [pdf]
2013 Downtown Retail Market Overview
2011 Downtown Mixed-Use Retail Core Plan [pdf]
Downtown Retail Analysis [pdf]
2013 Downtown Shopping Survey [pdf]

Demographics


City populaton 2.3 million
Regional population 5.6 million
Downtown population 19,000
            2-mile radius 56,000
            3-mile radius 144,000
Average household income* $68,400
Median housing value* $138,000
Average age* 35
Owner occupied 25%
Renter occupied 75%
Downtown employees 150,000

Visitors


Total visitors to downtown per year 18.3 million
Entertainment venues 5.2 million
Discovery Green 1 million
Minute Maid Park & Toyota Center 4.3 million
Major special events 2.1 million
GRB Convention Center 1 million
Other visitors (court, churches, offices) 4.7 million


Number of hotels 15
Number of hotel rooms 4,772
Ave. hotel occupancy rate 68%
Ave. nightly hotel rate $158


Students


Downtown Students
  U of H Downtown, South Texas College of Law
15,000
5-mile radius
  Rice, St. Thomas, HCC Main, U of H Central, TSU
81,000

Parking & Transit


Total parking spaces downtown 102,000
Metered spaces in downtown 2,500
Surface parking lot spaces 24,000
Garage parking spaces 75,000


Total bus routes through downtown 81
Daily local routes 53
Weekday park & ride 28
METRORail daily ridership 45,000

Office Market

Five days a week, more than 140,000 workers call downtown home. Office workers are a powerful source of consumer spending before, during and after work. 

According to a study by the International Council of Shopping Centers (ICSC):

- 50% of downtown office workers eat out at least 4 out of 5 days.
- The office worker spends an average of $134 per week on meals and consumer goods.
- 32% of workers polled reported shopping during their lunch hour.

Area Total Buildings Net Rentable Area (SF) Vacancy Average Rate
Downtown 87 40.77 million 8.1% $29.95
Galleria/Uptown 57 14.42 million 7.6% $26.73
Greenway Plaza/
West University
219 12.61 million 10.6% $26.53
Energy Corridor 166 15.95 million 6.2% $23.52

The Downtown District has a retail development specialist on staff to help retail establishments find their perfect downtown location. Please note that we are not a "broker", but a facilitator, tour guide and consultant to potential retail tenants, property owners, brokers and tenant representatives.

Heather Swift
713-650-3022
heather@downtowndistrict.org
Downtown District

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