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Old Posted Apr 24, 2017, 8:43 PM
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Texas Leads the Nation in Warehouse and Retail Construction; No. 2 in Office

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HOUSTON – (By Dale King) – Texas leads the nation in commercial development of warehouse, flex and retail real estate space, according to a study by the NAIOP commercial real estate organization.

The Lone Star State comes in second for office development behind New York, and finishes Number 2 overall (ranking for all 50 states), slightly outdone again by the Empire State.

“The reason for the high development volume in Texas compared with other states is simple: Texas is producing more jobs and has greater population growth than other states and regions,” said Carleton Riser, president of Transwestern Development Co., commenting on the study’s favorable results for Texas.

Houston, Dallas and Austin have been among the nation’s leaders in job growth and population increases for several years.

The top 10 states ranked by construction value for office, industrial, warehouse and retail combined are: New York, Texas, California, Louisiana, Florida, Georgia, Michigan, Illinois, Pennsylvania and Massachusetts.
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