Before getting to this week's items, I just want to say that Houston needs its own version of the San Francisco Exploratorium museum for kids - it's just awesome. We're a city of engineers, how do we not already have one of these?! Any philanthropists out there want to step up??
"As a result of the region’s booming population, Houston tops the list of major U.S. metro areas with the most construction permits issued for single-family homes from 2012 through 2021, according to new data from self-storage marketplace StorageCafe. During that period, 392,136 permits for single-family homes were handed out in the region.
“Houston has been the primary destination for newcomers moving to Texas, especially Californians who find respite in Harris County’s lower home prices and tax rates, cheaper land, and sound economy,” StorageCafe says in explaining the demand for more homes in the area.
From 2012 through 2021, Houston also led the country’s 50 biggest metros for new retail space (more than 51.8 million square feet). Here’s how Houston ranks in other segments for newly built commercial real estate:
- Third for new office space (nearly 44.3 million square feet).
- Third for new self-storage space (nearly 17.6 million square feet).
- Fourth for multifamily construction permits (170,817).
- Fourth for new industrial space (more than 153.3 million square feet).
- Houston ranks second for construction activity across all six property types from 2012 through 2021.