The main driver of this is the fact that Houston has such a huge energy presence. Houston is also attracting a lot of foreign capital. This may be because such capital wants to move outside of its typical comfort zone. Global investors have begun to seriously look at markets such as Houston and Dallas for industrial opportunities.
The Houston market has also historically shown strong suburban growth. With how many suburban areas Houston has, this is not surprising. Every time I drive to a new area of Houston there seems to be a new suburb popping up. Over the course of my college career I have noticed the explosive growth of Fairfield and the area around the Houston premium outlets. Construction has been booming for the past four years, and shows no signs of slowing.
No comments:
Post a Comment