LEASING
Location
Property Location
View to Texas Medical Center
View to Downtown
Why Houston?
Houston is a global city that is currently the largest in Texas and the fourth largest in the US by population. Population growth for the city is expected to reach as high as 2,520,000 by 2020, which would be approximately a 8.7% population growth from 2017-2020.
Professional Sports Teams
The city is home to professional sports teams including the Houston Texans, the Houston Rockets and the Houston Astros. Additionaly, Houston boasts major arenas and institutions such as the George R. Brown Convention Center, Sam Houston Race Park, Houston Motorsports Park, Rice University, University of Houston, fine art galleries, two major airports and numerous museums and restaurants.
international trade
Houston is a gateway to international trade with Latin America. According to the U.S. Department of Commerce, the Greater Houston Area accounts for $97.1 billion of goods exported annually, a total of 45% of the state of Texas’ overall exports. The Port of Houston provides more than 1.2 million jobs and generates $265 billion in revenue for the region.
Healthcare
Healthcare, however, is a major driver of the economy in Houston with the presence of the world leading Texas Medical Center. Spread over 1,345 total acres and producing $25B in GDP, The Texas Medical Center (“TMC”) is the eighth largest Business District in the United States.
oil and gas
Houston is the base of operations for the international oil and gas exploration and production industry and for many of the
nation’s largest international engineering and construction firms.
nation’s largest international engineering and construction firms.
energy-related firms
Nearly 4,800 energy-related firms are located within Houston, including more than 700 exploration and production firms, nearly 800 oilfield service firms, and hundreds of manufacturers and wholesalers of energy related products. A $60 billion chemical plant was completed in 2012. There are nearly 570 chemical plants employing 38,200 workers in Houston.
international finance
A key center for international finance, Houston leads the Southwest with 19 foreign banks from nine nations. 91 nations have consular representation in the City, ranking them third in the US. At least 116 companies headquartered in Houston operate nearly 3,000 subsidiaries abroad in 116 countries.
Medical Center
The development site in Houston is located on Fannin Street, the major artery connecting Downtown Houston to the Texas Medical Center—the largest and most prestigious medical center in the United States.
- TMC boasts the world’s largest children’s hospital—Texas Children’s Hospital—and the world’s largest cancer hospital— University of Texas: MD Anderson Cancer Center.
- TMC features 3 Medical Schools, 6 Nursing Schools, Rice University, University of Houston, 2 Pharmacy Schools, a Community College, as well as a high school that focuses on life sciences.
- Location is frequented by business travelers and domestic professionals that are visiting to attend conferences or have work at TMC.
TEXAS MEDICAL CENTER STATISTICS
Million Patient Encounters Annually
Surgeries Annually
ER Visits Annually
Total Patient Beds
Total Heart Surgeries Annually
Total Employees
International Patients Annually
Students of Life Science
Museum District
The Museum District of Houston is home to 19 cultural, arts, and scientific institutions – the second largest number of museums in a contiguous area in the US. The district hosts 8+ million annual visitors. The location along the METRORail, South and Southwest freeways makes the Museum District one of Houston’s most accessible neighborhoods.
The district is located between two of Houston’s major business and employment centers: Downtown Houston and the Medical Center. Other Key Districts like the Galleria and Upper Kirby/Greenway Plaza are minutes away. It is also located right next door to Montrose, a hip neighborhood known for its upscale bars, vintage stores and eclectic mix of eateries, which range from quaint cafes to Mexican cantinas and Mediterranean bistros. The location of the site provides access to a full variety of outdoor entertainment: Hermann Park, the Houston Zoo, and the Houston Garden Center.
The Museum District comparative market analysis (CMA) has and is projected to grow at a faster pace than the overall city of Houston.
From 2010-2017, the population of the CMA grew by 17.77% compared to Houston’s 12.78%.
From 2010 through 2014, the Houston MSA experienced a record-setting oil boom that jettisoned the economy out of the 2009 recession and into a rapidly expanding growth period. Oil prices reached $108 per barrel in June 2014. However, in late 2014, oil prices began to plummet reaching a low of $26 in February 2016. From December 2016 to December 2019, Houston’s upstream energy sector shed 81,100 jobs, equivalent to one in every four jobs in that sector.
The Museum of Fine Arts, designed by Pritzker Prize winning Renzo Piano, is one of Houston’s most popular art exhibits. The museum is undertaking a $450 million expansion to add 500,000 SF of improvements. The expected completion date is 2020.
