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:

The Missing Factor In Explanations Of China’s Economic Distress: Covid (Part 1: The Cover-Up)
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Fed Stands Despite Softening Jobs Market, Poor Earnings Guidance, Manufacturing Recession, CRE Foreclosures
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Sunday’s presidential election in Panama is ‘most important’ in decades, say experts
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Instant Reaction: Jobs, May 3, 2024
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White House counts jobs report as a win, though inflation path – and interest rate cuts – far from certain ahead of November
...important as the election approaches. “If gas prices go above $4 and mortgage rates go above 8%,” Zandi told CNN, Biden “has a problem.” Biden has begun to talk openly about what he thinks...

Wall Street surges after economy adds just 175,000 jobs in April
The Federal Reserve building in Washington, DC, is pictured on January 26, 2022. Joshua Roberts/Reuters/File For the first time in a while, the latest US employment figures came in below economists'...

Markets jump higher after softer-than-expected jobs report fuels hopes of an earlier rate cut
New York CNN  —  US stocks soared higher Friday morning after new data showed that US job growth slowed considerably last month. The blue-chip Dow was higher by 339 points, or 0.9%; the S&P 500...

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The Fed’s latest meeting wasn’t just about interest rates. Here’s why you shouldn’t overlook its balance sheet announcement
...financial firms. Consumers have those moves to thank for the historically cheap mortgage rates of the pandemic era. The 30-year fixed rate fell to a record low of 2.93 percent in 2021, Bankrate...

Fed Keeps Interest Rates Frozen: What Another Pause Means for Your Credit Cards
If you think the Federal Reserve is starting to sound like a broken record, you’re not alone. For the sixth time, the Fed voted Wednesday to maintain current interest rates. The federal benchmark...