Houston's GDP and commercial real estate market look bright
If you are considering a move to one of the southern cities in the United States, you should list Houston as your top choice. According to Foreign Policy (FP) in partnership with the McKinsey Global Institute, Houston ranked number 22 out of 75 of the world's most dynamic cities. Investing in real estate in Houston may be worthwhile, especially with research projecting significant growth in the metro area in the near future.
The study projects Houston's gross domestic product (GDP) will reach 559.9 billion by 2025. This comes at a time where the future of the American economy is still in question, but also provides a silver lining for those people who don't feel confident in the infrastructure in many U.S. cities.
Additionally, occupancy rates for commercial real estate pushed above 95 percent in Houston in August 2012, which may bring new work opportunities to the city. Buyers who want to move into a new community, and need to find steady work, could find what they're looking for in the Greater Houston area.