The Move to Houston
One of the Fastest Growing Job Markets in the U.S. is in the Heart of the Lone Star State
Houston represents one of the fastest-growing cities in the nation, with a population and GDP ranking higher than many states and even some small countries. Houston hosts a vibrant economy fueled by industry, finance, and petroleum, a strong job market, and an affordable cost of living. These attributes make Houston one of the most attractive cities in the Lone Star State.
Overview of Houston, Texas's Second Largest Economy
Houston is one of the fastest growing cities with the largest population center in the United States.
As of 2020, Houston is home to more than seven million residents. If Houston were a state of its own, it would rank as the 15th most populous state in the country, ahead of Arizona and Massachusetts. Its residents help fuel Houston’s economy, which is the seventh-largest in the country with an estimated GDP of over $512 billion.
A Global Financial and Energy Market
As one of the country’s largest economies, Houston serves as a center of financial and economic development.
A key driver of Houston’s economy is the oil and gas industry, largely led by ConocoPhillips. Others such as Halliburton, Sysco, and Hewlett Packard also call Houston home and add to the impressive portfolio of office tenants. Houston ranks sixth in the nation in job growth for the period between 2010 and 2019.
Houston's Leasing Market Presents Opportunity
Ranked as the nation’s sixth-largest office market, Houston offers a staggering 220.5 million square feet of office space and a vacancy rate of 22.3%. Even more product is on its way with 4.1 million square feet of office space currently under construction.
5POP
The 28-story skyscraper, formerly known as Five Post Oak Park, is one of Houston’s most prominent architectural landmarks with notable features including arched windows and horizontal travertine spandrels.
Situated within the prestigious Galleria/Uptown section of Houston, one of the city’s most sought-after ‘live-work’ environments, 5POP is located inside the West Loop (I-610) and immediately adjacent to a beautifully landscaped common area park, luxury St. Regis Hotel, and several affluent high-density residential neighborhoods including River Oaks and Tanglewood.
