Influx Of Development Capital Reshaping East Houston

The immediate area east of Houston is known for the Port of Houston, petrochemical plants and 93M SF of industrial warehouse and distribution space. In recent years the area has seen a $60B boom in development thanks to the low cost of oil.

Research from CBRE shows East Houston population gains are on par with some West Houston suburbs. There are 15 eastern ZIP codes growing faster than the metro average, with a combined population growth rate of 2.5%.

According to forecasts from the Bureau of Labor Statistics, these communities will add 60,400 residents by 2021, with the strongest growth anticipated along the East Beltway near Sheldon and Summerwood.

Retailers are taking note of the expanding demographics on the east side. In Baytown, a new Kroger was just completed and an H-E-B is underway. Greystar opened Ravella at Eastpoint, a 283-unit apartment complex, last year across I-10 from San Jacinto Mall, which is also undergoing a large renovation project.

As business in the area continues to boom, Houston's east side is poised to capture an increasing share of attention from developers and business.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Houston Newsletters
Related Stories

Efficiency, Speed And Experience: What CRE Needs To Know About The New Texas Business Courts

How Pearland, Texas, Is Redefining Workforce Development

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

Trammell Crow Starts Phase Of 2M SF Industrial Park: The Houston Deal Sheet

Oncology Company Expands Footprint At Hines' Life Sciences Campus

Astrodome Conservancy Solicits Redevelopment Ideas

Sugar Land Town Square Secures Fortune 500 Lease: The Houston Deal Sheet

Houston CRE Firms Turn To Contractors As They Look To Scale

The Revitalization Of Sugar Creek On The Lake, A Premier Waterfront Property In Greater Houston

City Block Sold For New Houston Center Parking Garage

Texas Pauses Data Center Power Connections, Which Could Speed Up Rapid Development

Houston's Generation Park Lands Another $2.3B Pharma Manufacturing Investment