Local CRE Trends

Discover What’s New and Interesting in Our Backyard

Houston is home to 2.3 million residents, 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.

Houston’s economy has rapidly diversified from its strong energy base, which has helped it survive drops in oil prices. Growth in the high-tech industries, medical research, health care and professional services has been especially strong, according to the City. Houston is home to 20 Fortune 500 companies, and it was ranked among the top-performing U.S. metros last year and has historically been a top 10 metro leading the nation in population and job growth, according to Colliers International. Site Selection magazine recently ranked Houston 2nd as a top metro for new and expanding corporate facilities.

This is good news for the commercial real estate industry. 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.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #359 on the 2023 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.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. From FORTUNE Magazine, June 2023 ©2023 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.

The Latest Articles From the FNF Newsdesk:

Economy Softens & Inflation Retreats; “Higher For Longer” Looks To Be A Policy Mistake
...purchased by Fulton Bank NA of Lancaster, PA. The cost to the FDIC is estimated to be $667 million. We feature this because we believe that there are many banks with substantial loans made on...

Google And Microsoft To The Rescue
am EDT Key Takeaways Google And Meta Earnings PCE Report In Line With Expectations Amazon And Apple Earnings Next Week Following a day where major indices saw significant losses early, but...

Inflation Worse Than Expected In March, Fed’s Preferred Metric Shows
am EDT Topline Inflation was hotter than economists anticipated last month and remains well above the Federal Reserve’s 2% target, according to government data released Friday morning, as the case...

The Fed’s preferred inflation gauge just moved in the wrong direction
CNN  —  Inflation remained stubbornly high last month. The Personal Consumption Expenditures price index accelerated to 2.7% for the year ended in...

Stagflation fears just hit Wall Street. Now for the next crucial report on prices
...underlying growth were strong in Thursday’s report. Read more here. US pending home sales jumped in March, beating expectations by a mile Home sales based on contract signings unexpectedly...

Home Loan Rates Increased Over the Last Week: Mortgage Interest Rates for April 26, 2024
Today’s average mortgage rates Mortgage Refinance Today’s average mortgage rates on Apr. 26, 2024, compared with one week ago. We use rate data collected by Bankrate as reported by lenders...

Small Businesses, Which Employee More Than 60 Million U.S. Workers, Are Losing Confidence
am EDT Small businesses in the United States are facing a perfect storm of high inflation, rising costs, labor shortages and reduced consumer demand, all of which are creating significant challenges...