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Energy Sector Bounces Back, Hotels Follow

There is a high level of interest in Houston, having recovered from the 2014 downswing, and its strength reflects resurgent domestic energy demand, along with a more diversified economy in recent years.

Post Oak Hotel The Post Oak Hotel at Uptown Houston demonstrates the growth and demand in the market.

HOUSTON—Houston’s advantages are well known. It is the US’ fourth largest city and has the second-most number of foreign consulates after New York City. Texas Medical Center is the largest medical center in the world and most of the largest REITs have holdings in Houston.

There is a high level of CRE interest in Texas, with Houston in particular having recovered from the 2014 downswing. To be sure, Houston’s strength reflects resurgent domestic energy demand. “If you don’t like oil, don’t come,” is a familiar motto.

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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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