Houston retail space has remained at or above 94% occupancy since the fourth quarter 2013.
HOUSTON—For the most part, Houston has survived the oil downturn. The Greater Houston area created 108,300 jobs, a 3.5% increase, in the 12 months ending December 2018, according to the Texas Workforce Commission's preliminary data. Houston nonfarm payroll employment is at a record high 3.1 million. Allowing for revisions, this number should exceed 3.2 million by mid-year 2019, according to the Greater Houston Partnership.
The five sectors adding the most jobs in 2018 were construction (19,400), administrative and support services (16,800), durable goods manufacturing (15,500); professional, scientific and technical services (11,200); and healthcare (11,100). The sub-sectors losing the most jobs in 2018 were clothing stores (-2,000), building materials stores (-2,000), restaurants and bars (-900), insurance carriers (-800), telecommunications (-800), and oil and gas extraction (-800).
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
