Is Houston real estate becoming more popular?
Those interested in the homes for sale in Houston might want to move fast, as recent data suggests this metro's real estate market is booming.
The Houston Business Journal reports that the city's housing sector generated $31.08 billion of the area's gross domestic product. In fact, Houston's real estate market ranks third in the state and 195th nationwide.
Several factors contribute to the city's economic development, including new businesses moving to the area. This type of growth promotes job creation and expansion, and many companies appear ready to take their services to this metro.
According to Furniture Today, Arhaus Furniture intends to open a Houston location in 2013. This company has developed one-of-a-kind home furnishings for consumers since 1986, and ranked number 40 on the publication's top 100 list with estimated sales of $165 million at 39 stores last year.
Its new location should have no trouble attracting shoppers from its Uptown Houston District location. The Houston Chronicle notes that the store will open across the street from the Houston Galleria, the fourth-largest mall in the country.
"Our build-out is like no other in the industry," Arhaus CEO John Reed told the news source. "We invest a great deal of time creating an environment that not only appeals to the shopper, but maintains our trademark look and feel."
In fact, Reed anticipates immediate results from the Houston store.
"We expect (Houston) to be one of our strongest stores," Reed said. "We think it's a great market for us. Our product fits really well with the customer."
Onsharp, a North Dakota-based web strategy, design and development firm, will open a new office in Sugar Land, which is roughly 23 miles from Houston. Company President Joe Sandin said that Houston represents the next logical step in his business' progression.
"Houston is a very entrepreneurial community that has attracted the second-largest number of Fortune 500 company headquarters in the United States," Sandin said, according to a press release. "We are excited to bring our solutions to some of the most progressive and technology-focused companies in the country."
Onsharp emphasizes strategic innovation, measurable results, and high-quality customer service, which may mesh well with Houston's pro-business culture.