Located along the bustling business district traversing State Highway 6, directly across West Oaks Mall, this 12 acres of well-maintained commercial complex for office and retail spaces is readily available for immediate occupancy. The complex offers abundant parking spaces for your clients and customers, Closed Circuit TV for added security, wide exposure to foot and vehicle traffic for walk-in and new customers, close immediate proximity to West Oaks Mall and other major establishments.
We have a huge array of office space requirements and layouts to suit your office and business needs. Free initial monthly rents are available to long term tenants and much more, just ASK!
The Texas Economy
The Texas economy has generated 71% of the new job growth in the United States for the period April 2007 – April 2008. The state’s nonfarm employment rose 2.6 percent from April 2007 to April 2008, compared with the less than one-half percent increase for the United States. The state’s seasonally adjusted unemployment rate fell from 4.4 percent in April 2007 to 4.1 percent in April 2008. The next quarter century should be marked by prosperity in Texas, driven by population and job growth. By 2030, the state is expected to have added 13.6 million people, the equivalent of another Dallas-Fort Worth, San Antonio, Houston and Corpus Christi combined.
The Houston Economy
Houston’s economy is running countercyclical to the national economy and has posted its lowest unemployment since Dec 2000. The Houston area’s dominance in the energy industry and its strong job growth would help the region avoid major effects of a recession, should one actually occur, according to economist Barton Smith. Smith said the area would escape a major slowdown because the Houston economy is much better off than the rest of the nation, largely because of its dominant energy industry. Also, local home prices are more affordable than in other major cities and job growth is good. Houston employers will create about 55,000 new jobs in 2008, a 2.2 percent increase. While the energy industry is bolstering Houston, it’s also changing the complexion of the local economy. During the great diversification efforts in the 1990’s, 95 percent of the growth came from the non-energy sectors such as electronics manufacturing, health care and software. But during this decade, 71 percent of the growth is energy related such as oil-field equipment manufacturing and energy-related engineering which is a huge driver of highly desirable jobs. There are several other factors, though, that will drive Houston’s economy that are worth mentioning and those are Texas Medical Center, which brings in international visitors; NASA, which brings in lucrative government contracts; and the Port of Houston, which is benefiting from the heavy shipping traffic because of the weak dollar. As for population, it is predicted that Houston will add 2.5 percent more residents in 2008, which represents 42,000 new household.
