Development List For Buildings In Houston

[BigFootsSocks]

No worries, I believe it’s designated as an affordable housing development

[Triton]

Think any office developments we saw proposed are going to be scrapped for a while until this passes. They especially won't be built at $20 a barrel like now.

[pm91]

BTW errbody, Google Earth has 4/19/2020 imagery now for the CBD area

[Moore713]

What the hell ever happened with the Ashby?

[TheSirDingle]

List of high-rises currently under construction:
1. The Preston: 549 ft and 46 floors

2. Texas Tower: 735 ft and 47 floors

3. Discovery Tower: 468 ft and 42 floors

4. Camden Conte tower 2: Unknown but probably 264 ft and 21 floors

5. TAMU Innovation mixed-use 1: Unknown but it's 30 floors ( might be in the 400-500 ft range)

6. TAMU Innovation mixed-use 2: Unknown but it's 19 floors 

7. The Allen main tower 1: 478 ft 11 inches/ 34 floors (Paco Jones clutch)

8. The Allen office tower 2: Unknown but looks to be 22 floors 

9. The Allen tower 3: looks to be around the same height as the office tower so probably 22 floors

10. The Allen tower 4: Looks to be around 18-19 floors

11. RESIDENCES AT LA COLOMBE D'OR : 393 ft and 34 floors (basically done but hey makes list look bigger)

12. The Driscoll at River Oaks: 345 ft and 29 floors

13. Hanover square phase 1 Residential Tower 1: 254 ft and 22 floors

14. Hanover square phase 1 Residential Tower 2: looks to be 27 floors so around 320-340 ft

15. Hanover square phase 1 Office Tower: looks to be 20 floors and around the same height as resi 2

16. Gables Westcreek: 173 ft and 15 floors

17. Bowen River Oaks: 286 ft and 25 floors

18. Holiday Inn Express: 171 ft and 14 floors

19. 1660 Post Oak Blvd: 453 ft and 40 floors 

20. Booner Manor 5318 Crawford St: 159 ft so probably 13-15 floors 

21. 3300 Main St: 351 ft and 29 floors

22. Blossom Hotel Houston: 202 ft and 16 floors

23. Centennial Tower: 511 ft and 29 floors

 

Let me know if I missed anything!!!

Also there's a lot of planned ones that are likely going to break ground soon, so hopefully we can add to this list soon. Some of these planned one are developments like innovation tower, TMC^3 hotel/residential, and a lot of the Regent Square towers. 

 

On another note if everything doesn't completely go to shit, there might be around 10+ 150m+ towers going up in the next couple years. As the sea of midrises and lowrises take over inner loop Houston.

 

 

Edited May 28, 2020 by TheSirDingle

[jmitch94]

What is the Discovery tower? 

[TheSirDingle]

20 minutes ago, jmitch94 said:

What is the Discovery tower? 

It's the block 98 tower was at one point called discovery tower 

[nate4l1f3]

We sure Camden Conte tower #2 is underway?

[hindesky]

1 hour ago, nate4l1f3 said:

We sure Camden Conte tower #2 is underway?

I doubt it at least for a couple of years. First tower is barely open to tenants.

[hindesky]

These Are Houston’s Biggest Office Projects Under Construction

The development pipeline totals nearly 4.2M SF, with 45% of that space already pre-leased, according to Madison Marquette Senior Vice President Ariel Guerrero. The largest concentration of activity is found in the Inner Loop, where 1.7M SF is underway.

However, the city continues to struggle with high vacancy and availability rates. Houston’s total office vacancy rate was 23% in the third quarter, while its total availability rate was 27.1%, according to NAI Partners’ Q3 office market report. Coupled with the uncertainty of the coronavirus pandemic, office construction is expected to slow in 2021.

“Office construction activity has slowed due to constraints from COVID-19,” Guerrero said. “Limited groundbreakings are expected over the next 12 months due to weaker demand and an oversupply of existing space.”

Guerrero said the continued flight to quality will continue to place pressure on existing office buildings to measure up to the amenities and tenant experiences that new developments can offer. As a result, property owners are focused on repositioning their existing inventory to be more competitive with significant capital improvement projects.

“The pandemic will likely reinforce this trend, as companies and their workforce will prefer buildings with state-of-the-art HVAC, elevator and security systems,” Guerrero said.

Here are the top 10 office developments underway in Houston by square footage, excluding corporate-owned projects, according to data from Madison Marquette.

 

 

 

Project Name: Texas Tower

Developer: Hines

Size: 1.1M SF

Target Completion: Q4 2021

Texas Tower is a 47-story, 1.14M SF office tower on the 800 block of Texas Avenue in Downtown Houston, the former site of the Houston Chronicle. The building will feature multiple restaurants, networking spaces, a full-service conference facility, public gardens on level 12, a high-performance fitness center and an internal 11-level parking garage to accommodate more than 1,500 cars. Hines broke ground in July 2018, and the project is expected to reach completion in late 2021.

Texas Tower is 40% leased. Hines is relocating its global headquarters to the property, with a 15-year lease for 180K SF across six floors. Law firm Vinson & Elkins signed a 16-year lease for 212K SF to occupy the top seven floors, and law firm DLA Piper signed a 14-year lease for 31K SF on one floor of the building. 

 

 

 

Project Name: Hewlett Packard Enterprise HQ

Developer: Patrinely Group

Size: 568K SF

Target Completion: Q4 2021

Hewlett Packard Enterprise landed in the spotlight last week when it announced plans to relocate its corporate headquarters from San Jose, California, to its new Houston campus.

The project is in CityPlace, the urban and commercial center of Springwoods Village, a 2,000-acre master-planned community in north Houston. The campus will consist of two five-story buildings totaling 440K SF, with a bridge connector at each level. There will also be structured parking for 2,055 cars. Patrinely Group, in partnership with USAA Real Estate and CDC Houston, broke ground in February and topped out the project in October. The campus is expected to open in spring 2022.

 

 

 

Project Name: Texas A&M Innovation Plaza – Horizon Tower

Developer: Medistar Corp.

Size: 485K SF

Target Completion: Q1 2023

Texas A&M University announced in February that it planned to build a $546M campus in the Texas Medical Center, one of several major projects underway in the area. Texas A&M Innovation Plaza will consist of two new towers, as well as the purchase and renovation of 1020 Holcombe Blvd., an 18-story building. One of the new towers is a student housing project, while the other is a mixed-use development for medical offices and retail.

The mixed-use building, known as Horizon Tower, is an integrated medical plaza of 17 stories sitting atop a 13-story parking garage and will cater to life sciences, clinical, biomedical, technology and office uses. Medistar Corp. held a virtual groundbreaking ceremony for the campus on Oct. 1, and Horizon Tower is slated for completion in January 2024.

 

 

Project Name: One MRO (Marathon Oil)

Developer: Hines

Size: 440K SF

Target Completion: Q4 2021

Marathon Oil Corp. is building its new headquarters, One MRO, at 990 Town and Country Way near Midway’s CityCentre mixed-use development. The 15-story, 440K SF office building will replace the firm’s existing offices at Marathon Oil Tower at 5555 San Felipe St., near the Houston Galleria. Company employees will move to the new office workspace in the second half of 2021.

On Oct. 5, a partial stairway collapse at the One MRO construction site killed three workers and injured one other. The families of two workers killed in the incident have since filed a lawsuit against Marathon Oil and several contractors involved in the construction.

 

 

 

Project Name: Museo Medical Office Building

Developer: Testa Rossa Properties

Size: 364K SF

Target Completion: Q4 2021

Testa Rossa Properties broke ground on its 10-story, 364K SF medical office tower at 5115 Fannin St. in the Museum District in January. The building represents Phase 1 of Museo, a mixed-use development touted as a gateway to the district.

Mann Eye Institute founder Paul Michael Mann and his son, Paul Mann, are the driving force behind the building. Their clinic will anchor the project, occupying 37K SF on the top floor and an additional 10K SF surgery center. The building will feature five parking garage levels above the ground-floor lobby, which will include 16K SF of event space.

 

 

 

Project Name: 9753 Katy Freeway

Developer: MetroNational

Size: 190K SF

Target Completion: Q2 2021

MetroNational is building a 190K SF, nine-story tower at 9753 Katy Freeway as part of a 4-acre mixed-use project at the southwest corner of Bunker Hill and Katy Freeway in West Houston. The first floor of the building will have retail and restaurant space, a two-level lobby, public WiFi and conference rooms. It will connect to an elevated parking garage via a skybridge.

The developer broke ground on the building in February, and according to Madison Marquette, it is slated for completion in the second quarter of 2021. Other buildings in the mixed-use project include The McKinley, a 332K SF, 25-story luxury residential tower.

 

 

 

Project Name: Montrose Collective

Developer: Radom Capital LLC

Size: 170K SF

Target Completion: Q3 2021

The Montrose Collective is a mixed-use development underway on lower Westheimer. The project will comprise five buildings, including 100K SF of creative office space, and more than 50K SF of retail space. In addition, the project has 10K SF set aside for the relocation of the existing Freed-Montrose Library branch at 4100 Montrose Blvd.

The Montrose Collective will provide six new dining options, as well as 15 boutique retail spaces for local and first-to-market merchants. Construction began in February, and a topping-out ceremony was held on Oct. 28.

 

 

 

Project Name: 9655 Katy Freeway (Village Tower Two)

Developer: Moody National Cos.

Size: 150K SF

Target Completion: Q1 2021

Moody National’s multiphase, mixed-use development at Bunker Hill and I-10 sits just east of Memorial City. The development is composed of two six-story office buildings with ground-floor retail space. Each office building is 150K SF, and the development will have a seven-story open parking garage.

Tower One was completed in June. Tower Two is still under construction and has an estimated completion date of March/April 2021.

 

 

 

Project Name: POST Houston

Developer: Lovett Commercial

Size: 150K SF

Target Completion: Q1 2021

POST Houston is a mixed-use project in Downtown Houston, redeveloping the former Barbara Jordan Post Office, which was occupied by the U.S. government until 2015. The project will have restaurants, retail, an international market hall, creative workspace and a 210K SF rooftop park and farm. Future expansion plans include a concert venue, a hotel and an entertainment room.

POST Houston was originally slated to open to the public in 2020, but public health concerns and tenant fit-out have delayed the opening to 2021. The project is 19% pre-leased, according to Madison Marquette.

 

 

 

Project Name: 7500 Fannin St.

Developer: Healthpeak Properties Inc.

Size: 116.5K SF

Target Completion: Q4 2021

Healthpeak Properties broke ground on its 116.5K SF medical office development at 7500 Fannin St. in late May. The five-story, Class-A building is on the campus of The Women’s Hospital of Texas and is being constructed alongside a new parking garage.

The building is part of a larger master-planned expansion that includes a redesigned hospital entrance that will provide access points from Old Spanish Trail and Fannin Street. The property is 42% pre-leased with the largest commitment from Houston Women’s Care Associates, a 14-provider practice that is expanding its on-campus footprint.

https://www.bisnow.com/houston/news/office/these-are-houstons-biggest-office-projects-under-construction-107010?utm_source=outbound_pub_4&utm_campaign=outbound_issue_43289&utm_content=outbound_link_1&utm_medium=email

[hindesky]

A Third Of All New Houston Construction Is Inside The 610 Loop

December 16, 2020 Christie Moffat, Bisnow Houston

 

The densification of Houston is evident in the growing number of cranes and construction sites in the urban core, with a third of all new development underway inside the city’s Inner Loop, according to CoStar Group.

The combined Neartown/River Oaks submarket is the busiest in the city, with 7.3M SF of commercial projects under construction. That accounts for 15% of total construction in Houston. Other Inner Loop areas with significant construction underway include Downtown Houston (12%), Medical Center/West University (6%) and the Heights (4%).

CoStar Director of Market Analytics Justin Boyar told Bisnow that the flurry of activity in Neartown/River Oaks is a reflection of the higher rate of mixed-use and multifamily projects underway in the area, particularly along the Allen Parkway, West Dallas and Washington Avenue corridors.

“The area along Allen Parkway is seeing an unprecedented amount of mixed-use construction in a relatively small area. This supports the thesis of pedestrian-oriented development, playing off proximity to Buffalo Bayou Park,” Boyar said. “The overall theme via increased density will mean increased property values and thus taxes. Houston’s urban core is densifying rapidly.”

Several large mixed-use projects along Allen Parkway have received fanfare, including DC Partners’ The Allen, Hanover and Lionstone’s Autry Park and GID’s Regent Square.

The second-busiest area for construction by square footage is Waller County, accounting for 5.6M SF. Activity in that area is being driven by large-scale industrial projects, such as the Ross Stores Distribution build-to-suit project, Empire West Business Park. and The Uplands Twinwood DC 1 industrial park. Waller County encompasses a large part of the west and northwest region of Houston, including parts of Katy. 

“In Houston’s furthest outlying areas, such as Brookshire, farmland is being converted into large big-box distribution facilities. The increase in jobs there will likely spur rooftop development and later retail, multifamily, health care, etc. development to serve that population growth. The Grand Parkway is also supporting development on the west side,” Boyar said.

Construction activity is well underway in Northwest Houston, which comes in third at 4.5M SF. Notable projects in the area include the HPE headquarters and campus, Nexus Park Northwest and Creekside Park.

The next largest submarkets by square footage under construction are Sugar Land/Missouri City at 3.5M SF; Downtown Houston at 2.9M SF; the Texas Medical Center/West University submarket at 2.8M SF; Southwest Houston at 2.5M SF; and Lake Houston at 2.2M SF.

Boyar noted that in the Texas Medical Center and Midtown, there has been a major push in the direction of life sciences and tech incubators, as well as large mixed-use projects that will serve the need for lab space. Some of that activity may spill over into the East End, he added.

“As Houston’s urban core densifies, the need for infrastructure and mass transit improvements will intensify as population growth and densification place added pressure on Houston’s ailing roads and utilities and as densification increases traffic congestion,” Boyar said. “TxDOT and METRO have massive plans to address these needs, although they still face challenges from the local communities that these megaprojects will impact.”

 

 

 

[ArtNsf]

On 12/17/2020 at 6:51 PM, hindesky said:

A Third Of All New Houston Construction Is Inside The 610 Loop

December 16, 2020 Christie Moffat, Bisnow Houston

 

The densification of Houston is evident in the growing number of cranes and construction sites in the urban core, with a third of all new development underway inside the city’s Inner Loop, according to CoStar Group.

The combined Neartown/River Oaks submarket is the busiest in the city, with 7.3M SF of commercial projects under construction. That accounts for 15% of total construction in Houston. Other Inner Loop areas with significant construction underway include Downtown Houston (12%), Medical Center/West University (6%) and the Heights (4%).

CoStar Director of Market Analytics Justin Boyar told Bisnow that the flurry of activity in Neartown/River Oaks is a reflection of the higher rate of mixed-use and multifamily projects underway in the area, particularly along the Allen Parkway, West Dallas and Washington Avenue corridors.

“The area along Allen Parkway is seeing an unprecedented amount of mixed-use construction in a relatively small area. This supports the thesis of pedestrian-oriented development, playing off proximity to Buffalo Bayou Park,” Boyar said. “The overall theme via increased density will mean increased property values and thus taxes. Houston’s urban core is densifying rapidly.”

Several large mixed-use projects along Allen Parkway have received fanfare, including DC Partners’ The Allen, Hanover and Lionstone’s Autry Park and GID’s Regent Square.

The second-busiest area for construction by square footage is Waller County, accounting for 5.6M SF. Activity in that area is being driven by large-scale industrial projects, such as the Ross Stores Distribution build-to-suit project, Empire West Business Park. and The Uplands Twinwood DC 1 industrial park. Waller County encompasses a large part of the west and northwest region of Houston, including parts of Katy. 

“In Houston’s furthest outlying areas, such as Brookshire, farmland is being converted into large big-box distribution facilities. The increase in jobs there will likely spur rooftop development and later retail, multifamily, health care, etc. development to serve that population growth. The Grand Parkway is also supporting development on the west side,” Boyar said.

Construction activity is well underway in Northwest Houston, which comes in third at 4.5M SF. Notable projects in the area include the HPE headquarters and campus, Nexus Park Northwest and Creekside Park.

The next largest submarkets by square footage under construction are Sugar Land/Missouri City at 3.5M SF; Downtown Houston at 2.9M SF; the Texas Medical Center/West University submarket at 2.8M SF; Southwest Houston at 2.5M SF; and Lake Houston at 2.2M SF.

Boyar noted that in the Texas Medical Center and Midtown, there has been a major push in the direction of life sciences and tech incubators, as well as large mixed-use projects that will serve the need for lab space. Some of that activity may spill over into the East End, he added.

“As Houston’s urban core densifies, the need for infrastructure and mass transit improvements will intensify as population growth and densification place added pressure on Houston’s ailing roads and utilities and as densification increases traffic congestion,” Boyar said. “TxDOT and METRO have massive plans to address these needs, although they still face challenges from the local communities that these megaprojects will impact.”

 

 

 

 

I'm happy that Houston is finally paying attention in a positive way to my small home town of Brookshire (population now well over 5000 from about 1000 when I was much younger) and Waller County.  For decades developers have consistently bypassed this not that small of a city in favor of areas north and south and even west of town.  Many of us in the town have our own educated guesses as to the main reasons why, but that's a discussion which should be included in a much larger American problem that has come to light in the past few years. 

Brookshire has so much to offer in terms of people resources and land and Texas history having it's western border as the historic southern part of the Brazos River, where we used to marvel at how large the water way was and how shear the sandy cliffs were along each side.  (Fun fact, Brookshire has already achieved having a two term Gay mayor in that  small rural town, not exactly a bastion of liberal progressive politics, very recently. And some of his term was during the Mayor-ship of another historical mayor of Houston and a friend, Anise Parker.) 

Seems now, that not only developers, but wealthy Houstonians are discovering the high quality land and extremely cheap land prices, and snatching up many of the available large land plots that they can get their hands on these days.  I guess the conventional wisdom all these decades was that the Katy Area should be the western most part of the metro area and that hasn't been true for a very long time, despite what some news media outlets in the area would have us believe.  In addition to the resources and land opportunities mentioned above, Brookshire should have been developed long before the Fulshear area and southwestward.  At least this growing town is bisected by a little bitty Interstate Highway known as I-10, and in the middle of downtown, the MKT Railroad passes east to west into Houston.  Plus, it's definitely NOT in the "middle of now where's-ville" like other over developed and inconveniently out of the way parts of Waller and Fort Bend Counties.  Plus, as far as tiny Waller County goes, it has way more diverse of a population than any other city completely encompassed by the County itself.  Another plus for expansion and an employment base from which to choose, with great, albeit not "wealthy" public schools.  Although we need farms and ranches in Texas to remain viable and in operation for food production, I really don't think eliminating a few gigantic (mostly rice) farms in that area in favor of sustainable, flood conscious development that has respect to the Coastal Plains and natural marshlands which then quickly become the Blackland Prairie part immediately to the west side of the town, will hurt American food production in any measurable way. 

Interesting side note:  Most people to this day don't even realize that Brookshire has had Waller County's only true MUSEUM since the late 1970's.  It is a fascinating journey at life in the county and that area from the early 1800's with slavery, cotton fields, and plantations, to emancipation, growth and social progress right up to present day.  In fact, I'll boast that my recently late Mom was one of the original construction staff, as in hammers, nails, boards, and elbow grease, as well as original founders of the Museum, after our Father suddenly passed away in late 1977 and she was forced to find work (she always adored history, especially Texas history) to support her nine young children, including myself.  A lot of pride you say? Yes, and well-deserved at that.

(addition to side-note:   Ever since Hurricane Harvey did major flood damage to the Waller County Historical Museum in downtown Brookshire several years ago, it has been closed and undergoing sporadic repairs and more flood prevention supposedly in the works to be put in place.  UNFORTUNATELY, the brilliant powers that be out of Hempstead where the County Seat is located have not made any effort that anyone I know, is aware of in order to complete this now 3+ year old repair project. And so it sits stagnant as a monument to the lack of common sense priorities and respect for the historical value of that part of the SE Texas region.  The Waller County Historical Museum Board also based in Brookshire, has worked hard to try to get the ball rolling, or rolling faster, but as they will tell you themselves, all of their carefully thought out and researched recommendations for revival and reopening have been either delayed, put on hold, or shot down complete for at least the last 3 years. This is a board that my Mom was on for many years after she retired from the staff of the Museum, because of her love of preserving the local history and my family's historical involvement of building, cultivating and investing in Waller County, right up until just before her passing in late 2019 at nearly 91 years old.)

So, here's to the beginnings of a new opportunity for Houston's development and western expansion by way of this article and informing my fellow readers and bloggers of the HAIF forum from Bisnow Houston.

[Houston19514]

On 12/28/2020 at 12:09 PM, ArtNsf said:

 

I'm happy that Houston is finally paying attention in a positive way to my small home town of Brookshire (population now well over 5000 from about 1000 when I was much younger) and Waller County.  For decades developers have consistently bypassed this not that small of a city in favor of areas north and south and even west of town.  Many of us in the town have our own educated guesses as to the main reasons why, but that's a discussion which should be included in a much larger American problem that has come to light in the past few years. 

Where are the decades worth of developments north, south and west of Brookshire for which you believe developers bypassed Brookshire?  They aren't showing up on Google Maps.  ;-)

It seems Brookshire (and Waller County in general) were never bypassed, but are beginning to have greater attention paid to them now for the simple reason that, they are the next in line geographically.

Edited December 31, 2020 by Houston19514

[ArtNsf]

On 12/28/2020 at 2:25 PM, Houston19514 said:

Where are the decades worth of developments north, south and west of Brookshire for which you believe developers bypassed Brookshire?  They aren't showing up on Google Maps.  ;-)

It seems Brookshire (and Waller County in general) were never bypassed, but are beginning to have greater attention paid to them now for the simple reason that, they are the next in line geographically.

wow, is this hater behavior something you live for ?  You seem to do this a lot on this forum to anyone that you disagree with for whatever reason.  no, i don't have to answer any of your questions.  most of my words for simple observations with some historical background.  it was not presented as a critical piece of Pulitzer prize winning literature for you to critique for your own amusement.  so, no there is no need for you and Google to get involved in trying to falsely debunk my words.  now, you have made it personal.  so my advice is to take a seat and be quiet, I and the rest of the adults are in the room.

[Houston19514]

20 hours ago, ArtNsf said:

wow, is this hater behavior something you live for ?  You seem to do this a lot on this forum to anyone that you disagree with for whatever reason.  no, i don't have to answer any of your questions.  most of my words for simple observations with some historical background.  it was not presented as a critical piece of Pulitzer prize winning literature for you to critique for your own amusement.  so, no there is no need for you and Google to get involved in trying to falsely debunk my words.  now, you have made it personal.  so my advice is to take a seat and be quiet, I and the rest of the adults are in the room.

 

Whoah there!    There is nothing hateful or personal about asking for a little clarification/backup for a post.  No, you don't have to answer any of my questions, but since this is a forum for discussion . . . 

Edited January 8, 2021 by Houston19514

[Montrose1100]

The Burden of proof and such. 

[hindesky]

Berkadia finally came out with 1Q 21 Houston Construction Pipeline Report PDF.

Seems to me some they have as proposed have already started.

These screen grabs are from the Central Houston Proposed list.

https://www.berkadia.com/research-and-resources/search-reports/?report_query=houston&state_code=TX&report-category[]=construction-pipeline-report

[toxtethogrady]

Okey-dokey, oil is pushing $70 a barrel. Is it party time again?

[pacarlson]

On 6/4/2021 at 10:11 PM, toxtethogrady said:

Okey-dokey, oil is pushing $70 a barrel. Is it party time again?

You'd think, right?  I'm a 39-year reservoir engineer working for a small O&G company.  This current price helps, but it doesn't cause us to celebrate yet.  My personal opinion is that 80 to 85 $/STB will be the break-through price.  But even then, the big question is, will it hold or fold?  Unfortunately, too many of the necessary rigs and service equipment have been stacked and sat unmaintained to corrode beyond use.  Service personnel have mostly gone on to other careers or retired and new bodies can't be hired and trained fast enough to do anything for years.  Even the operating companies laid off too many folks and now aren't staffed to support a substantial and increased capital program.  Plus, with the oil price being so volatile over recent history and many companies having been burned too many times by unstable prices, these companies may be reluctant now to spend tons of capital to ramp up facilities for long-term growth opportunities because these intensive capital projects may not pay out before the next price plummet.  Kids too are reluctant to pursue petroleum engineering and geoscience majors now because of job and hiring risk.  I didn't steer either of my kids into the industry, and thankfully, they pursued other interests as they've both enjoyed steady employment.

Edited June 7, 2021 by pacarlson

[Twinsanity02]

Bit of a side note. Preliminary population figures for US Metropolitan Statistical areas (MSA's) shows Houston MSA population at 7,154,000 in 2020 .  That is an increase of 1.234 million from 2010.

From 2010 to 2020 , Houston MSA's grew more than the combined MSA's of: NYC,LA, Chicago, Boston, San Francisco, and Pittsburg PA. Most of the growth was pre-Harvey, but post-Harvey the growth continued but at a slower pace.

Not bad considering Houston the lack of mention by the nation's media.

[Houston19514]

1 hour ago, Twinsanity02 said:

Bit of a side note. Preliminary population figures for US Metropolitan Statistical areas (MSA's) shows Houston MSA population at 7,154,000 in 2020 .  That is an increase of 1.234 million from 2010.

From 2010 to 2020 , Houston MSA's grew more than the combined MSA's of: NYC,LA, Chicago, Boston, San Francisco, and Pittsburg PA. Most of the growth was pre-Harvey, but post-Harvey the growth continued but at a slower pace.

Not bad considering Houston the lack of mention by the nation's media.

To be clear, that is not a "preliminary" number.  That is the July 1 population estimate, a different set of numbers than the official decadal census.

FWIW, the annual growth estimates are as follows:

• July 1, 2010-2011:  108,823
• July 1, 2011-2012:  127,111
• July 1, 2012-2013:  144,503
• July 1, 2013-2014:  171,753
• July 1, 2014-2015:  171,428
• July 1, 2015-2016:  135,512
• July 1, 2016-2017:  92,597
• July 1, 2017-2018:  76,036
• July 1, 2018-2019:  88,452
• July1, 2019-2020:  91,078

I think the slow-down was probably more a result of the drop in oil prices than Harvey (the biggest drop in growth occurred pre-Harvey).

[H-Town Man]

1 hour ago, Houston19514 said:

To be clear, that is not a "preliminary" number.  That is the July 1 population estimate, a different set of numbers than the official decadal census.

FWIW, the annual growth estimates are as follows:

• July 1, 2010-2011:  108,823
• July 1, 2011-2012:  127,111
• July 1, 2012-2013:  144,503
• July 1, 2013-2014:  171,753
• July 1, 2014-2015:  171,428
• July 1, 2015-2016:  135,512
• July 1, 2016-2017:  92,597
• July 1, 2017-2018:  76,036
• July 1, 2018-2019:  88,452
• July1, 2019-2020:  91,078

I think the slow-down was probably more a result of the drop in oil prices than Harvey (the biggest drop in growth occurred pre-Harvey).

Agreed that it was the oil downturn, not Harvey. Do you know when the results of the decade census come out?

 

[Houston19514]

2 hours ago, H-Town Man said:

Agreed that it was the oil downturn, not Harvey. Do you know when the results of the decade census come out?

 

I do not.  :-(

[toxtethogrady]

On 6/8/2021 at 11:27 AM, Houston19514 said:

To be clear, that is not a "preliminary" number.  That is the July 1 population estimate, a different set of numbers than the official decadal census.

FWIW, the annual growth estimates are as follows:

• July 1, 2010-2011:  108,823
• July 1, 2011-2012:  127,111
• July 1, 2012-2013:  144,503
• July 1, 2013-2014:  171,753
• July 1, 2014-2015:  171,428
• July 1, 2015-2016:  135,512
• July 1, 2016-2017:  92,597
• July 1, 2017-2018:  76,036
• July 1, 2018-2019:  88,452
• July1, 2019-2020:  91,078

I think the slow-down was probably more a result of the drop in oil prices than Harvey (the biggest drop in growth occurred pre-Harvey).

Those estimates are always a bit wacky. The only thing you can trust are the actual census numbers, which have had a tendency to lop some of that growth back. Especially in Dallas-Fort Worth...

[Luminare]

Y'all have no idea how many moving vans I've seen flying out of Cali during my travels. The exodus is real, and you bet a bunch will land in Houston. Buckle up.

[KinkaidAlum]

People are definitely leaving California but you'd never know it looking at the market. My house has increased in value by 24% in three years. I get all cash offers to buy in monthly. The demand might not be there in the Inland Empire, but the LA Basin, San Fernando Valley, Orange County, and San Gabriel Valley are booming.

 

[Big E]

6 minutes ago, KinkaidAlum said:

People are definitely leaving California but you'd never know it looking at the market. My house has increased in value by 24% in three years. I get all cash offers to buy in monthly. The demand might not be there in the Inland Empire, but the LA Basin, San Fernando Valley, Orange County, and San Gabriel Valley are booming.

 

Prices might be rising, but its not because people are moving to California. Its because: a)Wall Street investors and their proxy companies, like Homes 4 Rent, are buying up properties by the bucket load because they see it as a cash cow and an easy way to make money, and b)Chinese investors are buying up properties to park their money overseas. The housing market is a sellers market right now, so sellers and investors are buying like crazy and the value of houses is going through the roof.

[KinkaidAlum]

Investor purchases represent just 12% of sales in Los Angeles County. It jumps up to 13% in Orange County, 25% in the Inland Empire (Riverside and San Bernardino) and 34% in Ventura. It's part of the story but not the only one. 

The pandemic has caused people to want to move up and out. Combine that with low lending rates, and there are way more home buyers than houses. That's the main issue. The median home on the market in LA is on for just 8 days. Lastly, Los Angeles (city) grew by around 200,000 this last decade. It did so without annexation and new development. California grew by over 6% year over year. Growth has slowed but it is still growing. 

[Urbannizer]

https://www.bisnow.com/houston/news/multifamily/like-a-light-switch-that-went-on-houston-multifamilys-recovery-from-pandemic-woes-in-full-swing-109343

After the tumultuous year that was 2020, Houston’s multifamily sector is in the midst of an impressive comeback. The market has absorbed more than 23,000 apartment units over the past 12 months, data from ApartmentData.com showed. Around 15,000 of those units, or 65%, have been absorbed since just the start of 2021.

Only the aftermath of Hurricane Katrina in 2005 led to a comparable number of people actively looking to lease apartments in the greater Houston area, according to ApartmentData.com President Bruce McClenny.

“That 23,000 dwarfs everything for the last 12 years,” McClenny said.

Houston absorbed 4,668 units during the first quarter of 2021. But things seriously began to take off at the beginning of the second quarter: During April and May, the city absorbed 10,249 units. In comparison, Houston absorbed a total of 11,493 apartments for the full year of 2020 and 14,215 in 2019.

“When absorption equals or is better than the number of units open, that is an incredibly good sign,” McClenny said. 

Strong absorption rates typically translate into high occupancy levels, and in Houston, average occupancy levels are now higher than they were pre-pandemic. Class-A occupancy averaged 82.8% in March 2020, and it bottomed out in June at 79.7%. Nearly a year later, in May, average occupancy had rebounded to 84.9%, the highest level since August 2019.

[ArtNsf]

Now having had the opportunity to be out of state for the duration of this historic pandemic, I can confirm that my happy suspicions about the westward, northward and southwestward growth of the Houston area are true.  it was incredibly dramatic flying in past the Austin area (not far from it btw) looking down and seeing the obvious westerly and northwesterly located housing developments that have literally popped up onto otherwise completely vacant acreage, including some that were heavily wooded in late 2019.  In the once tiny town of Brookshire, of course where I was born, even the locals now see the city beginning to surround that area and the vast amounts of industrial and office space up to and in some cases, beyond the city limits.  So, this is more good news if you are a fan of growth in our Houston area. 

If the last year and a half weren't so challenging and I had the opportunity to stay in my hometown, I might have missed all this phenomenal growth.  And, another thing I noticed, from the air of course, is that although the DFW area continues to grow, it's growth pales in comparison to the Houston area, both from the ground and in the air.  I'm always pleasantly amazed at how incredible the progress and growth continues to be in our wonderful city in Texas.  There are so many reasons that Houston is this big and growing by leaps and bounds.  And, most of those reasons are really good ones economically, culturally, environmentally (yes), diversity, we always seem to elect really good mayors despite the lack of faith in local leadership as almost an "obligation" to oppose whoever sits in the seat of power at the top of the City, and finally, that most Houston of qualities that everyone loves, our unequaled "can do" spirit that has always been a part of our identity.

This forum is so interesting in so many ways, and not the least of which is observing and reading about growth and development (and all the incredible photography by so many talented and dedicated members!)

Yes, we have our share of increasing crime rates and many other growth pains, but in my opinion the good about this region far outweighs the bad stuff by a huge margin.