When it comes to new real estate construction projects over the past decade, Texas has dominated the rest of the country, with five cities finishing in the top five. A StorageCafe survey found that Houston was at the forefront when it comes to homebuilding, apartments, self storage, industrial and office since 2013. San Antonio, Austin, Ft. Worth and Dallas followed suit in order of ranking.
Houston registered an impressive number of single family homes being permitted from 2013 to 2022 – around 55 600 units – as well as almost 90 000 new apartment permits issued during this same timeframe. Additionally 5 700 000 square feet of storage space were added to its local inventory over ten years; making Houston rank first nationally for industrial construction (66 million square feet) and second for office space construction (27 million square feet).
It is clear that Houston takes a leading role when it comes CRE development across multiple sectors within Texas state lines post 2022 .
