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Full Steam Ahead for Energy Corridor Space

The Energy Corridor is anticipated to continue its strong economic growth and development for the next decade, with the population to increase 29%, office space to increase 36% and retail space to increase 40%.

Holiday Inn acquisition Woodford Hospitality recently acquired the Holiday Inn property from Eldridge Hospitality.

HOUSTON—The Holiday Inn Houston Energy Corridor Eldridge benefits from a location in one of the most desirable submarkets, the Energy Corridor. The corridor is anticipated to continue its strong economic growth and development for the next decade. A study done by CDS Market Research anticipates the population in the Energy Corridor to increase 29%, office space to increase 36% and retail space to increase 40% by 2025.

These developments include turning the Addicks Park and Ride into a transit hub for Western Houston and more than 100 acres of mixed-use development projects. In addition, downtown Houston is experiencing a commercial construction boom with the addition of 23 office projects for a total of 5.8 million square feet in 2014. These new developments will continue to drive the property’s demand.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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