Latest from Market Planning Guide
Sponsored
University Southwestern Medical Center in Dallas, and Carl R. Darnall Army Medical Center in Fort Hood together total over a $1 billion in construction value, according to McGraw-Hill Construction. San Antonio, Houston and Dallas-Fort Worth are among the leading metros in multi-family construction, with approximately 9,000 building permits for new housing units. Houston is also home to the new $160 million ExxonMobile campus. Outside of Texas, Google plans to add to its recently opened $600 million data center, and New Orleans has several hurricane restoration projects underway. One downside of the region's construction scene is the high office vacancy rates in Dallas (26%), Oklahoma City (27.3%) and San Antonio (23.9%), as reported in 2Q by Grubb & Ellis.