• Thursday, January 17, 2013
    Pearland Ranks First Among Texas Cities in Retail Growth for Third Consecutive Year


    For Immediate Release
    January 17, 2013

    Contact:
    Matt Buchanan
    Pearland Economic Development Corporation
    mbuchanan@pearlandedc.com
    281-997-3000

    Pearland Ranks First Among Texas Cities in Retail Growth for Third Consecutive Year

    PEARLAND, Texas — 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.

    For additional information or to preview the 2012 Edition of the Texas Retail Survey, please visit TexasRetailSurvey.com.

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    About PEDC
    Established in 1995, the Pearland Economic Development Corporation promotes, assists and enhances the economic development activities and quality of life within Pearland, Texas. In bringing new and existing businesses to the area, the organization attracts capital investment to add to the city’s tax base and helps to increase the number of employment opportunities for residents. For more information, visit www.pearlandedc.com.

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