Construction is up in Houston — here’s what’s driving the increase
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For better or worse, more hammers are swinging in Houston.
More than $505 million in building permits were filed in October 2018, which is a 12.4 percent increase from the $449.8 million in permits that were filed in October 2017, according to a report from the Greater Houston Partnership.
But office brokers, who have been dealing with an oversupplied office market for several years now, can breathe a sigh of relief — almost all of that increase is attributable to residential construction.
Nonresidential…
This year, the developer opened an apartment complex on Music Row.
It was expected to open in the fall.
Minnesota-based Life Time Inc. is diving into Houston’s coworking scene with the anticipated opening of Life Time Work, its first Texas location.