ChannelTwoNews Posted October 28, 2014 Share Posted October 28, 2014 I read that Houston is only 7th on Emporis for new high rises going up in the country from that Chronicle article yesterday. I didn't see who 1-6 were obviously NY and Chicago but who else I don't know. I can't find it on Emporis but would be curious why we are so low. Also read that we are only the 10th largest media market, that is important to keep in mind since Census changed how they define a metro area, so it makes us feel like we went up five spots but really not, they just don't count Baltimore/DC and San Francisco/Oakland/others as one MSA anymore. I would like to see if we have a shot of moving up the Media Market size higher than 10, I think we have been at that spot for like 20 years. The statistic is now nearly a year old, and was based on the info available back on January 22nd of this year for cities in North America, not the United States. Toronto was #1, New York was #2 and Chicago was actually #8, just behind Houston. At the time, it was true. Within a month, the number of "under construction" highrise projects had changed, and has grown from 18 at the time of publishing to about 30 as of today. It will likely continue to increase if some of the anticipated projects kick off within the last few months of the year. With regard to the second point, Houston is the 10th largest television market. It is the 6th largest radio market. With regard to the former, it was 10th in the 80s, slipped to 11th in the 90s, then moved back to 10th about a decade ago. Growth has been slow and steady as the former #11 (Detroit) has slipped, with Phoenix now taking that spot. Growth on the radio side has been quicker over the past couple of decades. 1 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted October 28, 2014 Share Posted October 28, 2014 Exactly right, ChannelTwo. As usual, a Chronicle report requires some clarification. Just for fun, here is the Top Ten list from Emporis (again, this is as of the end of 2013). So, might we move up to No. 3? 1. Toronto 1302. New York 913. Montreal 254. Vancouver, BC 235. Calgary 226. Miami 207. Houston 188. Chicago 149. (tie) Burnaby, BC 12 (tie) Markham, Ontario 12 buildings 1 Quote Link to comment Share on other sites More sharing options...
fkp5 Posted October 28, 2014 Share Posted October 28, 2014 I'm surprised Seattle didn't make the top 10. It sure seems like they have a lot of under construction buildings, especially in their downtown. Quote Link to comment Share on other sites More sharing options...
ClutchCity Posted October 28, 2014 Share Posted October 28, 2014 I'm more surprised by Canada's dominance! 6 out of the top 10 and Toronto puts even NYC to shame. Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted October 29, 2014 Share Posted October 29, 2014 I'm more surprised by Canada's dominance! 6 out of the top 10 and Toronto puts even NYC to shame. Toronto and Vancouver have urban Growth boundaries. In Montreal there is an agricultural law that acts like an Urban Growth Boundary. Burnaby is essentially in Vancouver and Markham is essentially in Toronto. Maybe they shouldn't be separate on the list. Calgary is trying to curb urban sprawl. Canada will continue to get many towers. I'm more surprised Houston is getting so many towers, though I'm happy to see them. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 29, 2014 Share Posted October 29, 2014 The last time I looked, Houston had 36 highrises over 10 floors under construction. Calgary is pretty close to that number, but I think Houston's ahead. Toronto is just off the charts, and some of the highrises under construction are fairly tall. I'm not sure what's encouraging that growth. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted October 29, 2014 Share Posted October 29, 2014 Incidentally, that downtown inventory mentioned Block 98 - 40 floors of residences on a 12-level parking structure. Is that a misprint? Quote Link to comment Share on other sites More sharing options...
Timoric Posted October 30, 2014 Share Posted October 30, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 3, 2014 Share Posted November 3, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 4, 2014 Share Posted November 4, 2014 New York has several supertalls underway. They'll be hard to top. Dallas is playing catch-up with Houston. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 4, 2014 Share Posted November 4, 2014 Went to see if Greater Houston Partnership Published the November Report yet. Not yet, but the latest figures show Houston has over $25 Billion in construction this year through Sep vs. only $9 Billion through same period last year. Holy Cow Milo Hamilton and Yesss!!!! Gene Peterson that is a lot! and a heck of a lot of growth! I'd like to know how that compares to New York, Toronto, Chicago, and Dallas...wondering if we hit number one in North America this year. http://www.houston.org/pdf/research/quickview/EconomicIndicators.pdf I started looking through the numbers more carefully. It's possible the $25 billion reflects contracts for petrochemical plants. As it is, the permit number for September is stunning - $1.2 billion in one month, which if carried forward would increase the $7 billion annual rate for construction permits to an eye-popping $14 billion (eye-popping, considering $7 billion is itself a record). The only damper is the price of oil, which dropped below $80 a barrel for WTI. It could imply a slowdown in that 4.3% annual increase in number of jobs. I compared that to the rest of the country (using the BLS numbers), and the percentage increase is one of the highest in the country, even compared to small towns. Tomorrow, there may be problems, but right now, it's a party. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted November 4, 2014 Share Posted November 4, 2014 I started looking through the numbers more carefully. It's possible the $25 billion reflects contracts for petrochemical plants. As it is, the permit number for September is stunning - $1.2 billion in one month, which if carried forward would increase the $7 billion annual rate for construction permits to an eye-popping $14 billion (eye-popping, considering $7 billion is itself a record). The only damper is the price of oil, which dropped below $80 a barrel for WTI. It could imply a slowdown in that 4.3% annual increase in number of jobs. I compared that to the rest of the country (using the BLS numbers), and the percentage increase is one of the highest in the country, even compared to small towns. Tomorrow, there may be problems, but right now, it's a party.youre assumption was correct.. Readers are cautioned that year-to-year comparisons of nonresidential data have become near meaningless because of the billion-dollar contracts for local chemical plant construction that have recently been awarded. McGraw Hill doesn’t provide details on individual contract awards in its data release; therefore, the atypical mega projects can’t be extracted from the total to calculate a more useful year-to-year comparison.Contracts for mega projects will skew the data over the next several years. They also overshadow other components of the nonresidential sector (office, retail, hotel, warehouse, education, health care, etc.) making it difficult to gauge construction activity in these areas. Residential data, however, is not subject to mega-project announcements, so year-to-year comparisons are more meaningful. GHP will continueto report both nonresidential and residential data, but readers are advised that the chemical plant construction awards will distort the data for some time.http://www.houston.org/pdf/research/narratives/mc_graw_hill_construction/mcgraw_hill_contracts.pdf Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 4, 2014 Share Posted November 4, 2014 They will also pump up the employment figures for engineers for some time, too. Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 5, 2014 Share Posted November 5, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
cloud713 Posted November 5, 2014 Share Posted November 5, 2014 (edited) . Edited November 5, 2014 by cloud713 Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 5, 2014 Share Posted November 5, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
Fortune Posted November 5, 2014 Share Posted November 5, 2014 I wonder if there is even a single trailer park inside the loop, being from Channelview, I had to ask.Yep, I know there is one off Airline before you get to Calvacade in The Heights/Brookesmith area. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 5, 2014 Share Posted November 5, 2014 That will be gone before you know it. Someone will make a bid, and it will be move-out time. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 5, 2014 Share Posted November 5, 2014 My thought of the day: what complimentary buildings do you think will be added once all these new residential mid-rise, high-rise buildings go up and are occupied? 1. Grocery2. Restaurant3. Shopping4. Rail to get to those things What is needed most say in Downtown for example? It seems to me that retail has really not taken off yet - has been subdued and I wonder if we should expect a mini boom of complementary stuff for the denser core. Groceries will definitely be sought - whether bodegas or something on the order of HEB. There's a food desert in a corridor from 288 through downtown up through the Northside, and with home prices increasing in those neighborhoods, the stores should see plenty of demand. Quote Link to comment Share on other sites More sharing options...
LarryDierker Posted November 6, 2014 Share Posted November 6, 2014 I wonder if there is even a single trailer park inside the loop, being from Channelview, I had to ask. https://goo.gl/maps/dvtVB 1 Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 6, 2014 Share Posted November 6, 2014 (edited) - Edited July 8, 2019 by Timoric Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted November 6, 2014 Share Posted November 6, 2014 A drilling company is at the corner of Jefferson and travis on the lot one block north of the DT transit center( one block east of days inn ).Any ideas what they are doing? Quote Link to comment Share on other sites More sharing options...
Grizzly46 Posted November 6, 2014 Share Posted November 6, 2014 Are they doing a soil sample? Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted November 7, 2014 Share Posted November 7, 2014 Dunno if it is a soil sample. It only looked like they were in one spot. It might have been a water well Quote Link to comment Share on other sites More sharing options...
Timoric Posted November 7, 2014 Share Posted November 7, 2014 (edited) - Edited July 8, 2019 by Timoric 1 Quote Link to comment Share on other sites More sharing options...
Avossos Posted November 7, 2014 Share Posted November 7, 2014 Greater Houston Partnership just published the Nov Issue of Economy at a Glance. http://www.houston.org/pdf/research/quickview/Economy_at_a_Glance.pdf It is all about the price of oil and the possible impact on Houston, this is a sobering issue folks, Houston may be on the cusp of a down cycle impacting all our shiny new buildings. Great article. I think Houston is well equiped to handle what could be coming for us. Seems like we are in a much much better position than in the 1980's. I can see the Office market cooling off (hopefully after Capitol Tower and 6 Houston Center). But it did say class B and C buildings will be more affected. So - I hope that doesnt put a damper on the existing announced buildings. In terms of residential, I think Houston will continue to grow here... Not just houses, but big apartment buildings are likely still in the works. Right now, construction is delayed because of so many projects coming down the pipeline. Maybe we can stabalize this going forward. 1 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 7, 2014 Share Posted November 7, 2014 This is actually the time when the GHP is supposed to distinguish itself, by marketing Houston to businesses in other parts of the country (or the world) that are looking to expand. There is enough momentum in the petroleum industry to attract players from other places to the Houston area, but it's a harder sell to attract non-petroleum manufacturers, wholesale trade and service enterprises. Houston has a port and a medical center, both of which should be selling points for businesses looking to expand. And all the new petrochemical plants should support secondary manufacturing of products made with the plastics and related materials being produced. There could be opportunities. And the overheated market for land and construction materials may get a chance to cool down. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 8, 2014 Share Posted November 8, 2014 Meanwhile, a differing opinion: Houston may benefit from lower oil prices. The sweet spot is between $55 and $90 a barrel. Chevron Phillips is planning a second major expansion at Bayport, and they need cheap oil... http://blog.chron.com/primeproperty/2014/11/why-lower-oil-prices-are-good-for-houston/ 1 Quote Link to comment Share on other sites More sharing options...
rechlin Posted November 9, 2014 Share Posted November 9, 2014 Meanwhile, a differing opinion: Houston may benefit from lower oil prices. The sweet spot is between $55 and $90 a barrel. Chevron Phillips is planning a second major expansion at Bayport, and they need cheap oil... http://blog.chron.com/primeproperty/2014/11/why-lower-oil-prices-are-good-for-houston/ I'm not sure if I can trust anything that says that downstream is exploration and production. No, that is upstream. Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted November 10, 2014 Share Posted November 10, 2014 They clearly reversed the polarity. Quote Link to comment Share on other sites More sharing options...
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