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.