CBRE is marketing the exclusive 5,284 square-foot restaurant space at Post Oak Place, located at 1801 Post Oak Boulevard. The mixed-used development is owned and operated by Zadok Jewelers.
CBRE’s Lacee Jacobs and Laura Harness have been selected as leasing agents.
Nestled in the heart of the bustling Galleria area, the Post Oak Place restaurant space includes an additional 500 square-foot covered patio and valet parking. In addition, it’s positioned at the center of 112,000 square-feet of office and retail space, including Uchiko, a new restaurant opening in 2021 from the award-winning chef Tyson Cole of Uchi.
“This is a unique opportunity; high-end restaurant spaces this size don’t open up along Post Oak Boulevard very often,” said Ms. Jacobs. “Houston also has a low retail vacancy rate of 5.1 percent, making this a key opportunity for a restaurateur looking for exclusive access to the Galleria submarket.”
CBRE Research shows restaurants now account for 17 percent of U.S. retail sales, more than any other retail sector. Restaurant sales have grown faster than all other brick-and-mortar retail categories combined over the post-recession decade, with an average annual increase of 5.6 percent. This trend has been largely driven by consumer shifts toward dining out. By contrast, groceries only averaged 3.2 percent annual growth over the same period.
CBRE’s Lacee Jacobs and Laura Harness have been selected as leasing agents.
Nestled in the heart of the bustling Galleria area, the Post Oak Place restaurant space includes an additional 500 square-foot covered patio and valet parking. In addition, it’s positioned at the center of 112,000 square-feet of office and retail space, including Uchiko, a new restaurant opening in 2021 from the award-winning chef Tyson Cole of Uchi.
“This is a unique opportunity; high-end restaurant spaces this size don’t open up along Post Oak Boulevard very often,” said Ms. Jacobs. “Houston also has a low retail vacancy rate of 5.1 percent, making this a key opportunity for a restaurateur looking for exclusive access to the Galleria submarket.”
CBRE Research shows restaurants now account for 17 percent of U.S. retail sales, more than any other retail sector. Restaurant sales have grown faster than all other brick-and-mortar retail categories combined over the post-recession decade, with an average annual increase of 5.6 percent. This trend has been largely driven by consumer shifts toward dining out. By contrast, groceries only averaged 3.2 percent annual growth over the same period.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.