the woodlands, tx · new in 2019. exxon mobile campus woodlands mall aggregated # of annual...
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THE WOODLANDS, TX
market streetTHE WOODLANDS, TX
Market Street is an open-air mixed-use destination in The Woodlands,
a picturesque submarket in North Houston. This financially robust
area is a national leader for population growth, expendable income,
education and net worth. Market Street is the hub around which
the communities north of Houston revolve boasting more than
350,000 SF of retail, inclusive of 16 F&B concepts, a 5-screen luxury
cinema, a boutique hotel, more than 110,000 SF of Class-A office,
and its recently renovated central public park, which included new
shade structures, deck, soft seating, interactive public art, and turf
conversion.
*INDICATES FIRST TO HOUSTON MARKET STORE
BLUEMERCURYBONOBOSCINEMARK DRYBAR
HYATT CENTRIC HOTEL J CREW
J. MCLAUGHLINJOHNNY WAS*
KENDRA SCOTT L’OCCITANE
LOUIS VUITTONLULULEMONMADEWELL
MADISON REEDTHOMAS MARKLE FINE JEWELER
(Authorized Rolex Dealer)
TIFFANY & CO.TOMMY BAHAMA
TORY BURCHTRUE FOOD KITCHEN
VINEYARD VINES* WARBY PARKER
WOODHOUSE DAY SPA
tenant mix
retail collection
new in 2019
EXXONMOBILE CAMPUS
WOODLANDS MALL
Aggregated # of Annual Customer Visits
> 131K
99K - 130K
66K - 98K
34K - 65K
< 33K
25 MILES 15 MILES
IAH AIRPORT
market street trade area map(Trade area density map provided by Placer.AI - January 2020)
HOUSTON GALLERIA
TRADE AREAINFORMATION
MARKET STREETTRADE AREA
HOUSTONMSA
Avg. HH Income $94,421 $92,195
HH Inc $100K+%
475,928 32.7%
824,26911.7%
HH Inc $150K+ %
236,929 16.3%
433,540 6.2%
HH Inc $200K+ %
131,346 9%
255,7973.6%
Population
Drive time from Market Street to Houston Galleria
1,455,108
40 minutes 35 miles
7,026,738
(Sources: Placer.AI, 2020; BLS, 2019)
MARKETSTREET
trade area growthTRADE AREA GROWTH SINCE 2017
TRADE AREAS
01/01/2017 - 01/01/2018
01/01/2018 - 01/01/2019
01/01/2019 - 01/01/2020
5 MILES 20 MILES 30 MILESMARKETSTREET
demographicsMarket Street is the “sweet spot” of higher income shoppers. trade area
20 milePopulation: 1,783,548
Avg. HH Income: $94,421
HHI $150K+%: 17.4%
Median Age: 34.2
Population: 1,455,108
Avg. HH Income: $94K
HHI $150K+: 16.3%
Median Age: 34 Source: Placer.AI, 2020
our shopperTHE AFFLUENT CUSTOMER
MARKET STREET IS THE DEFINITIVE SHOPPING DESTINATION AMONG WELL-HEELED, HIGH-INCOME SHOPPERS.
Market Street is the most frequently shopped center by residents
in the higher-Income segments of $100k+. More visits mean more
opportunities for sales and customer engagement, which in turn
leads to higher revenues.
Market Street - Woodlands Woodlands Mall
% of Visits | 01/01/2019 - 12/31/2019
Source: Placer.AI, 2020
Average Household-Income (USD)
% of Visits | Jan 1, 2019 - Dec 31, 2019Data provided by Placer Labs Inc. (www.placer.ai)
<10K 10K -15K
15K -20K
20K -25K
25K -30K
30K -35K
35K -40K
40K -45K
45K -50K
50K -60K
60K -75K
75K -100K
100K -125K
125K -150K
150K -200K
>200K0%
10%
20%
30%
% o
f Cus
tom
ers
Market Street Woodlands / Six Pines Dr
Woodlands Mall - Main Shopping Area / Lake Woodlands Drive
AVERAGE HOUSEHOLD INCOME (USD)
Average Household-Income (USD)
% of Visits | Jan 1, 2019 - Dec 31, 2019Data provided by Placer Labs Inc. (www.placer.ai)
<10K 10K -15K
15K -20K
20K -25K
25K -30K
30K -35K
35K -40K
40K -45K
45K -50K
50K -60K
60K -75K
75K -100K
100K -125K
125K -150K
150K -200K
>200K0%
10%
20%
30%
% o
f Cus
tom
ers
Market Street Woodlands / Six Pines Dr
Woodlands Mall - Main Shopping Area / Lake Woodlands Drive
20.5%
17.5%
LUXURY CARS & AN AFFINITY FOR UPSCALE LIFESTYLE• There are 12 luxury dealerships within 15 miles of Market Street, including Porsche, BMW, Ferrari, Lamborghini, Mercedes, Jaguar, and Tesla.• The greater Woodlands area has registered 11,889 luxury vehicles.• Luxury vehicle registrations represent over 14% of total vehicle registrations.
market street submarket
FAST FACTS• There are only 2 anchored centers within 20 minutes of Market Street, compared to an average of 10 for other luxury centers.• 2nd lowest cost of living among United States’ 20 largest metro areas.• The Woodlands ranked as 6th best city to live in America in 2017 according to Niche.
MEDICAL CENTER OF THE NORTH• The Woodlands is currently home to five major hospitals. These include some of the United States’ premier healthcare providers: Texas Children’s Hospital and Houston Methodist.• MD Anderson Cancer Centers recently opened a new outpatient facility in The Woodlands in October 2019.• With Houston’s medical industry recognized as America’s de facto Healthcare Capital of the U.S., The Woodlands is uniquely poised to become the region’s next medical hub.
the woodlands medical district
INDUSTRY FACTS• The area’s medical industry has doubled in size in the past five years.• 1/4 of all employment in the region is based in the medical industry.• Nearly 1,000 hospital beds in The Woodlands• Fastest growing industry in The Woodlands
231 sta�ed bedsAverage stay (days): 4.87
3.9 miles from Market Street
30 sta�ed bedsAverage stay (days): 2.2
3.61 sta�ed beds
351 sta�ed beds1.1 miles from Market Street
139 sta�ed bedsAverage stay (days): 3.1
3.6 sta�ed beds
3.6 Miles from Market Street
CHI ST. LUKE’S LAKESIDE
houston is the healthcare capital of the U.S.
international consumersINSIGHTS OF LATIN AMERICAN CONSUMERS
• Nearly 1/4 of The Woodlands’ customers are Hispanic,
with a sizable portion being wealthy Mexican expats.
• International residents made up 10% of all new
residents in Montgomery County, where Market Street
is located, in 2017.
• Wealthy Mexican nationals enjoy a leisure-oriented
culture, with out-of-town family and friends visiting
several times each year.
• These visitors’ primary interests are shopping, eating
and entertainment. Their expenditures are significant,
between $7,000-$10,000, and allows access
to brands they otherwise don’t possess.
• Hotel tax revenue increased 36% from 2012-2016,
indicating a sharp rise in tourism dollars spent in The
Woodlands’ economy.
economic growthUNPRECEDENTED COMMERCIAL ACTIVITY & EDUCATION
• The Woodlands’ economic base is well diversified with over 4,000
employers, including all sectors, located in the area. These businesses
range from owner-operated establishments to global corporate
headquarters.
• With over 61% of the population having a Bachelor’s Degree or higher,
The Woodlands offers a lifetime of education from preschool through
primary with three independent school districts and numerous private
and college preparatory institutions.
• The Woodlands’ energy sector represents 25% of the major employer’s
total jobs with over 9,000 employees. The second largest industry, and
fastest growing sector is Healthcare with 24% of our major employer’s
jobs representing over 8,500 employees.
• The Woodlands is home to a variety of leading companies, including
Anadarko Petroleum Corporation, Alight Solutions, Chevron Phillips
Chemical Company, CHI St. Luke’s Health – The Woodlands Hospital,
ExxonMobil, Huntsman Corporation, McKesson Specialty Health,
Memorial Hermann The Woodlands Medical Center and Repsol USA.
energy capital
• In 2014 Exxon opened its new headquarters in The
Woodlands with more than 10,000 employees and an
additional 1,200 people joined the campus in 2018.
• Exxon’s headquarters resulted in an addition of more than
40,000 jobs in retail, housing, restaurant, building trade and
service industries.
• 20 of the nation’s top 145 publicly traded oil and gas
companies are based in The Woodlands, including 11 of the
largest 25 that call Houston home.
• Additional Fortune 500 companies that call The Woodlands
home include Anadarko, Chevron Phillips, Baker Hughes,
Huntsman, and Halliburton.
• Market Street’s trade area supports 85,000 high-paying energy
engineering jobs. The average salary for this position in
the Houston market is $85,000.
FORTUNE 500 EXXON’S $1 BILLION INVESTMENT IN THE WOODLANDS
marketing &
e v e n t s
MARKET STREET DIGITAL STATS
9.3M ANNUAL SOCIAL
IMPRESSIONS
709KANNUAL WEBSITE
VISITORS
PROPERTY EVENT STATS
30.5K+ ANNUAL EVENT ATTENDANCE
25+ EVENTS(SUMMER CONCERTS, FOURTH OF JULY PARADE,
TREE LIGHTING AND MORE)
longterminvestmentMARKET STREET WOODLANDS DEBUTED RENOVATIONS SPRING 2019
• Enhanced pedestrian pathways with contemporary lighting, landscaping and paving throughout.
• Additional enhancements include new shade structures, deck, soft seating, interactive public art,
and turf conversion.
• Market Street is positioned as the definitive shopping destination for North Houston.
MARKET STREET’S RENOVATED GREEN SPACE MARKET STREET’S RENOVATED GREEN SPACE
9595 Six Pines Drive | The Woodlands, Texas 77380
This award-winning property was developed by Trademark Property Company, who oversees development,
management, and leasing. In 2008, Miller Capital Advisory, Inc., purchased Market Street Woodlands. MCA is a vested
stakeholder with a long-term investment strategy and commitment to continually improving investment properties,
having spent more than $30M in improvements over the last ten years. Miller Capital’s lasting commitment to
Market Street was further demonstrated with a more than $5 million renovation in 2019.
Miller Capital specializes in fashion-oriented lifestyle properties across the United States. Investments include:
• Houston Galleria • Market Street - The Woodlands
• The Westchester • Rockingham Park
• Scottsdale Fashion Square • Fashion Centre at Pentagon City
• Oakbrook Center • Kierland Commons
• The Summit • Ala Moana
Trademark is a full service real estate firm focused on investments, development and institutional services.
KAITLIN [email protected] | 817.810.5328
JODIE [email protected] | 832.592.1033
SOOZAN [email protected] | 646.478.7574
Trademark Property Co. 1701 River Run | Suite 500 Fort Worth, TX 76107