Waste Management Inc. will occupy nine floors at Capitol Tower in Houston's CBD.
HOUSTON—Metro Houston had the fastest rate of job growth among the nation's 12 largest metropolitan statistical areas. According to the Texas Workforce Commission, the Houston area created 101,800 jobs, a 3.4% increase in the 12 months ending July 2018, exceeding the national average for the ninth consecutive month.
Professional and business services added the largest number of jobs in this period with 40,900 positions. Within this sector, the employment services industry added 13,500 jobs, a sign that business activity in the office-occupying sector has increased but employers are not ready to commit to hiring permanent employees. However, overall, Houston's economy has strengthened significantly during the last year; a fact which could help accelerate the city's long-term office market recovery.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
