Local CRE Trends

Discover What’s New and Interesting in Our Backyard

The city of Houston is a major hub for big business, and serves as headquarters for to 20 Fortune 500 companies. In addition to its rich history in energy and oil, Houston has one of the world’s busiest international ports and is home to NASA’s Johnson Space Center. Houston is also headquarters for the world’s largest group of medical care and research facilities. Growth in the high-tech industries, medical research, health care and professional services has been especially strong, according to the City, providing a stable economic base when oil prices drop.

Houston is also one of the largest economies in the nation. It is home to 2.3 million residents and is the most populous city in Texas, and the fourth most populous city in the U.S. It is also considered by many to be the cultural capital of Texas, with more than 500 cultural, visual and performing arts organizations, 90 of which are devoted to multicultural and minority arts, according to the City of Houston. It is also highly diverse – more than 90 languages are spoken throughout the Houston area – and it is home to the third-largest Hispanic and third-largest Mexican population in the United States.

Corporate expansion in the area is at an all-time high, and the job growth in the high-tech and health care industries has resulted in new commercial real estate opportunities. New industry is attracted to Texas’ low-tax, low-regulation economic climate, which is supported by a diverse pool of highly skilled, multilingual workers, 25 percent of which have completed a four-year college degree, according to the City. Houston has historically been a top 10 metro leading the nation in population and job growth, according to Colliers International, and Site Selection magazine recently ranked Houston 2nd as a top metro for new and expanding corporate facilities.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #375 on the 2020 Fortune 500®*, and is among numerous defense, energy, media, hospitality and financial Fortune 500®* companies based in the region. Our Houston-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

*FORTUNE®” and “FORTUNE 500®” are registered trademarks of Time Inc. Time Inc. is not affiliated with, and does not endorse products or services of, Fidelity National Financial, its subsidiaries, or affiliates.

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