Tuesday, December 23, 2014

Energy Corridor: Hottest area for new office construction in Houston area

One new tower completed structurally, a second one
in progress.

According to a ranking of the top Houston Submarkets with the Most Office Construction published by the Houston Business Journal in its Dec 19-25, 2014 issue, the Energy Corridor beat The Woodlands with 5.7 million square feet under  construction vs. 4.6 for The Woodlands. The rest are far behind. Next in decreasing order: Westchase with 1.8 mil and Downtown with 1.6 mil. The latter leads in rent with $42.10 per square foot.  

New Office construction under way
on Eldridge Parkway just South of Katy Fwy 
Construction cranes on the Energy Corridor skyline
View from intersection of Eldridge and Memorial looking North
toward Katy Freeway 
SKANSKA Office Development on Memorial Drive
across from the parking lot at Terry Hershey Park & Playground  

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