Pearland Ranks First Among Texas Retail Cities
in Retail Growth for Third Consecutive Year
For the third consecutive year, Pearland is ranked the fastest growing among Texas’ 50 largest retail markets, according the Texas Retail Survey, which ranks cities based on annual retail sales growth rate for the previous five years.
'Pearland has seen a tremendous amount of retail growth in recent years and these numbers are evident of this growth,' said Matt Buchanan, president of the Pearland Economic Development Corporation. 'We have had outstanding developers construct multiple shopping centers that have been successful in making Pearland a regional shopping destination.'
The study compared retail market growth rates for the 50 largest city retail markets in Texas, ranked by the average five-year percentage growth in retail sales from 2006 - 2011. During that five-year period, Pearland was the fastest growing retail market at 9.2 percent. Other local cities in the Top 50 include #10 - Houston (4.1%), #27 - Sugar Land (2.6%), #27 - Pasadena (2.3%), #35 - Conroe (1.3%) and #36 - Baytown (1.2%).
Pearland’s strong retail centers including Pearland Town Center by CBL & Associates (937,000 SF), Silverlake Village (750,000 SF), the Crossing at 518 by Cencor (500,000 SF) and Shadow Creek Ranch Town Center by AmREIT (616,000 SF) have certainly contributed to the community’s strong retail growth.
Recent developments, such as the Sam’s Club that opened last year in the Reserve at Shadow Creek Ranch and Burlington Coat Factory, demonstrate the continued strength of the retail market in Pearland.
Article compliments of the Pearland Economic Development Corporation.