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By utilizing new technologies, companies can continue to build and help Texas grow, despite lack of available labor, which helps to keep overall costs down, says Joel Galassini in this <b>EXCLUSIVE</b>.
H-E-B has previously announced plans to add six more stores in Houston this year and because the grocer typically owns its stores here, very few come up for sale: one exception was Tanglewood Court.
There is a high level of interest in Houston, having recovered from the 2014 downswing, and its strength reflects resurgent domestic energy demand, along with a more diversified economy in recent years.
Across Houston, the population growth is not slowing down but speeding up, which is great for retail, along with industrial, which are neck and neck, both at 95% occupied.
US economic cycles tend to run for seven to eight years, yet the current expansionary cycle, which started in 2009, already is among the longest on record for the American economy.
When fully developed, the 60-acre mixed-use development, CityPlace, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott and additional multifamily.
The Houston market is experiencing a significant deceleration in multifamily deliveries, and the submarket in which Discovery is located has no projects under construction in the near term.