Houston’s current rate of job growth and boom in population are combining to make Houston commercial real estate the best thing on the market. In 2012, nearly 100,000 jobs were created in the Houston area and the city’s population is expected to double in the next twenty-five years. This growth means profit for businesses who choose to locate here.
The view of Houston as business-friendly is luring new companies to the area as well. New businesses who have entered the Houston commercial market include Trader Joe’s, Buy Buy Baby and Sprouts. According to the Houston Business Journal, a survey completed by six thousand small businesses nationwide gave Houston high marks in the categories of employment, labor and hiring regulations, tax code, training and networking programs, zoning regulations and health and safety regulations. The city also received a top score for overall friendliness. (http://www.bizjournals.com/
One of the strongest assets Houston offers for a thriving business is the Port of Houston. The port is one of the world’s busiest and its economic activity has put Texas in the number one spot on the list of exporting states. (http://www.portofhouston.com/
Commercial real estate will become prime property for those looking for their place in Houston. With fewer new and existing homes available, housing is at a premium. This makes for a seller’s market. The opinion of many local real estate leaders is that Houston will continue to see growth in its rental market along with low vacancy rates.
If you are the owner of commercial real estate in the Houston area and are looking to make that investment work for you, now is the time. Putting your property in the hands of experienced real estate agents such as the team at Greenberg & Company can offer you the opportunity for your holdings to reach their highest profit potential.
For more information about how we can work for you, please contact us.