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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.
During the past 12 months, 5.41 million Americans borrowed an estimated $16.16 billion for home improvements, with the average loan amount being $2,990, according to Finder.
With the need for affordable housing continuing to grow nationwide, low-income housing tax credit/LIHTC and rural housing programs allow more properties to be developed.
The campus is located at 10200 Bellaire Blvd. in the Westchase District, just west of the intersection of Bellaire Boulevard and Sam Houston Tollway, and was built in 1979 with upgrades occurring in 2013.
Mustang Island's beaches are back in shape, while its hotels, restaurants and vacation communities continue to reopen with major upgrades, expansions and improvements since Hurricane Harvey's wrath.