WHY HOUSTON PHOTO KATIE HAUGLAND
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1 WHY HOUSTON PHOTO KATIE HAUGLAND
2 PAGE 2 PHOTO NORM LANIER
3 Rankings 1 2 Top Destination City - Sixth Consecutive Year U-Haul International, June 2015 Most New Metro Area Residents Added from U.S. Census, April 2015 Fastest Growing City in 2014 Forbes, January 2015 Most Favorable Metro for STEM Worker Nationally WalletHub, January 2015 Best Places to Find a New Job Sugar Land and The Woodlands Grow Texas, October 2014 Top Market for Real Estate Investment and Development Expectations for 2015 Houston Chronicle, October 2014 Top Destination Cities for College Graduates The New York Times, October 2014 U.S. Metro for Exports in 2013 Department of Commerce, September 2014 Most Competitive Metros in America Forbes, July 2014 Top City for Corporate Relocations and Expansions in 2014 Site Selection Magazine, March 2015 Top Labor Markets in the U.S. Forbes, February 2015 America s Favorite Cities 2014 Travel + Leisure, November America's Most Cultured Cities Travel + Leisure, April 2015 American Cities of the Future FDi Intelligence, April 2015 Top CRE Markets in 2014 Coldwell Banker, February 2015 Best Cities for Technology Jobs Forbes, April 2015 America s Coolest Cities to Live Forbes, August 2014 Nation's Highest Manufacturing Job Hubs Headlight, May 2015 America's Best Cities for Starting a Career WalletHub, May 2015 SOURCE: Greater Houston Partnership PAGE 3
4 HOUSTON MARKET OVERVIEW PAGE 4
5 The Bayou City The nine-county Houston metro area covers more than 9,400 squares miles along the Gulf Coast region in Southeast Texas. Houston is considered by many to be the Energy Capital of the world. Houston has a highly diversified industry base and is a leader in numerous industries including oil and gas, healthcare, manufacturing and trade. It is a dynamic, international city offering a low cost of living and high quality of life for residents. The metro is attractive to new business with its highly skilled work force, growing sustainability efforts and thriving economy. The metro is a beacon of economic strength with the Port of Houston, Texas Medical Center and two major passenger/cargo airports located in the greater Houston area. In addition to a healthy business environment, Houston is home to multiple professional sports teams, world-class museums, year-round performance arts, a thriving restaurant scene and a variety of outdoor recreational opportunities. 4TH Most populous city 6.5M People living in metro 5TH Largest metro 156K New residents gained SOURCE: Greater Houston Partnership, Visit Houston PAGE 5
6 Tourism Houston offers a wide range of attractions and events including nationally recognized shopping, dining and entertainment. Houston is a cosmopolitan mecca and has been ranked as the top destination city by U-Haul International for five consecutive years. Houston Livestock Show and Rodeo broke paid attendance records in 2015 with 1,377,477 attendees Annual Festivals & Events: Chevron Houston Marathon Mardi Gras! Galveston Bayou City Art Festival BP MS 150 Shell Houston Open The Nutcracker Market 366 Developed municipal parks 7,800 Acres of George Bush Park, largest county park in the U.S. 49,497 Acres of parks 2.38M Houston Zoo visitors in ,000 Animals in residence 900 Species represented 774,152 Attendees to Houston Convention Stats 364 Conventions, events and shows hosted in 2014 = $485M Economic impact SOURCE: Greater Houston Partnership, Visit Houston PAGE 6
7 HOUSTON LOCATION ATTRIBUTES PAGE 7
8 HOUSTON LOCATION ATTRIBUTES PAGE 8
9 Arts & Culture Houston is one of few U.S. cities with resident companies in all four major performing arts drama, ballet, opera and orchestra. Houston's Performing Arts Venues 8.7M Museum District annual visitors 19 Cultural institutions to explore 6TH Largest museum in the nation Museum of Fine Arts 500 Institutions devoted to arts, science and history 90 Foreign Consulates Different languages spoken Foreign-owned firms SOURCE: Greater Houston Partnership PAGE 9
10 Retail & Restaurants With 10,000 restaurants representing cuisine from more than 70 countries and American regions, Houston's restaurant scene is as ethnically diverse as its more than six million residents. Houstonians Dine Out More Than National Average HOUSTON NATIONAL AVERAGE The Average Meal in Houston HOUSTON NATIONAL AVERAGE times per week times per week $36.49 $39.40 Major Houston Malls and Mixed-Use Centers SOURCE: Visit Houston, Zagat PAGE 10
11 HOUSTON LOCATION ATTRIBUTES PAGE 11
12 Sports Houston is a city that loves sports. Yearround, the weather lends itself to sports, and Houstonians take advantage of it. Total Seating at Houston Sports Stadiums NRG Stadium 71,500 Minute Maid Park 40,963 BBVA Compass Stadium 22,000 Toyota Center 18,300 Houston Professional Sports Teams Houston-Area College Sports Teams Home of 2016 NCAA Final Four and 2017 Super Bowl LI SOURCE: Visit Houston PAGE 12
13 HOUSTON LOCATION ATTRIBUTES PAGE 13
14 HOUSTON LOCATION ATTRIBUTES 200 Hospitals and health clinics in the Houston MSA PAGE 14
15 Healthcare & Education 59 Medical, research and academic member institutions in the Texas Medical Center 7.2M Texas Medical Center annual visits 1ST Largest medical complex in the world 200 Hospitals and health clinics in the Houston MSA 190 Life science and biotechnology companies 71,700 HISD Degrees and certificates awarded in academic year Students enrolled in higher education in 2014 Houston s total college graduates earning STEM degrees Largest public school system in Texas 403,300 48% 60 Degree-granting colleges, universities and technical schools SOURCE: Greater Houston Partnership, Texas Medical Center PAGE 15
16 HOUSTON INFRASTRUCTURE 1ST In U.S. imports PAGE 16
17 Trade The Port of Houston is a 25-mile complex of diversified facilities located just a few hours from the Gulf of Mexico by ship. 1ST In U.S. in foreign waterborne tonnage 1ST In U.S. imports 1ST In U.S. export tonnage 2ND In U.S. in total tonnage It is the nation s leading breakbulk port, handling 65 percent of all major U.S. project cargo. A 2012 study by Martin Associates said ship channel-related businesses contribute to over one million jobs throughout Texas, helping generate more than $178.5 billion in statewide economic impact. Additionally, more than $4.5 billion in state and local tax revenues are generated by business activities related to the port. The Port of Houston kept Texas the nation s top exporting state in 2014 for the 13th consecutive year. $275M In capital improvement projects planned in Mile-long ship channel 200M Tons of cargo move through the ship channel each year Houston Port Authority - Container Traffic (Total TEUs) 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000, , SOURCE: Houston Port Authority PAGE 17
18 Transportation Houston is well-served by a hub-andspoke or radial highway system. Major thoroughfares include Interstates 10 and 45, Loop 610, U.S. 59, U.S. 290, Sam Houston Tollway and the Grand Parkway. Highway 4,206 Miles of freeways and expressways 118 Miles of HOV lanes 136,731,505 Vehicle miles traveled daily METRO 1,303 Square miles served by METRO 126 Bus routes 1,230 Buses 36 METRORail stations 76 Total number of vehicles Houston Airport System 53,196,840 Total passengers through major airports 474,210 Metric tons of air freight 2 major airports- Bush Intercontinental, Hobby Houston Airport System Air Freight (Metric Tons) 475, , , , , , , SOURCE: Houston Airport System, METRO, Greater Houston Partnership PAGE 18
19 HOUSTON INFRASTRUCTURE PAGE 19
20 Demographic Breakdown Houston has been ranked the fastest growing city for The metro gained 500,000 people over. the last four years, driving record housing demand and adding skilled labor to the work force. Population 6.3M People live in the Houston MSA 6.9M 2019 projected population 12.88% projected population growth Age Breakdown 28% 62% 10% Population under 18 years of age Population 18 to 65 years of age Population 65 years and above Household Income $45, median household income $27, per capita income Education 80% High school graduate or higher, of people age % Bachelor's degree or higher, of people age 25+ SOURCE: 2010 CENSUS, STI PopStats 2014 Estimates 2019 Projections, Forbes PAGE 20
21 HOUSTON DEMOGRAPHICS PAGE 21
22 HOUSTON EMPLOYMENT 5.1% Houston's unemployment rate PAGE 22
23 Employment Houston ranks fifth in the nation in job growth with 97,500 jobs created in 2014, an annual change of 3.4%. Top Cities in U.S. METRO AREA JOBS CREATED ANNUAL CHANGE Los Angeles Basin 186, % New York 172, % San Fransisco Bay 118, % Dallas/Ft Worth 110, % Houston 97, % Atlanta 88, % South Florida 76, % Denver 52, % Phoenix 49, % Boston 38, % Unemployment Rate Houston has a 4.9% unemployment rate, compared to the national average of 6.2% in National Houston 20% 15% 10% 5% 0% SOURCE: Bureau of Labor Statistics PAGE 23
24 Employment Houston has the third lowest cost of living among major metro areas, affording residents a higher buying power with their income. Top Industries Driving Growth 2014 annual data 8% 6% 4% 6.2% 5.4% 5.3% 4.3% 3.6% 3.4% 3.3% 2% 2.1% 2.0% 1.3% 0% Construction Energy Leisure & Hospitality Other Services Professional & Business Services Education & Health Services Trade & Transportation Manufacturing Government Information & Financial Activities 2014 Cost of Living Comparison 20 most populous metros, percent above/below U.S. average Tampa, FL St. Louis, MO Houston, TX Detroit, MI Phoenix, AZ Dallas, TX Atlanta, GA Chicago, IL Minneapolis, MN Baltimore, MD Seattle, WA Miami, FL Philadelphia, PA Riverside, CA Washington, D.C Los Angeles, CA San Diego, CA Boston, MA New York, NY San Francisco, CA SOURCE: Bureau of Labor Statistics, Council for Community and Economic Research (C2ER) PAGE 24
25 HOUSTON EMPLOYMENT 5.2% Cost of living below U.S. average PAGE 25
26 Economy Houston is a leader in domestic and international business, with economic ties reaching across the globe. The region s broad industry base, skilled workforce and advanced infrastructure have helped make Houston a gateway market Gross Domestic Product Estimate Houston Metro 20% 15% 10% 5% 0% Energy Manufacturing Trade Transportation Federal & State Government Other Construction Medical/ Educational $503B Total core industries estimate $536B Total gross domestic product estimate SOURCE: BEA, U.S. Conference of Mayors PAGE 26
27 HOUSTON ECONOMIC DRIVERS $536B Total gross domestic product estimate PAGE 27
28 HOUSTON ECONOMIC DRIVERS PAGE 28
29 Metro Houston Top Employers RANK COMPANY HOUSTON EMPLOYEES 1 19, , , , , , , , , ,537 SOURCE: Greater Houston Partnership PAGE 29
30 Fortune 500 Headquarters Houston is ranked third among major metros with the most Fortune 500 headquarters behind New York City and Chicago SOURCE: Fortune PAGE 30
31 HOUSTON ECONOMIC DRIVERS 26 Fortune 500 headquarters in the Houston area PAGE 31
32 HOUSTON ECONOMIC DRIVERS PAGE 32
33 Growing Companies Construction of $35M data center, 350,000 SF facility, Houston $6B in petrochemical projects in Baytown and Old Ocean, over 400 new jobs when complete $270M to expand production capacity for key herbicides, Beaumont New multi-million ethylene production facility in Freeport, will employ up to 2,000 workers during construction $45M, 133,500 SF new Sugar Land headquarters and R&D facility, over 860 new jobs when complete Construction of billion-dollar plant in Beaumont to be largest methanol production facility in U.S., 240 new jobs when complete Building world-scale ammonia plant in Freeport with expected annual capacity of 750,000 metric tons $650M expansion and renovation of existing TMC campus, adding 1.34 MSF and 160 additional beds Construction on 1.1 MSF, 14- acre campus in Houston, $71M project Construction of $417M, 3-4 MSF HVAC manufacturing campus, 800 new jobs when complete, Hockley Construction on new 173-acre campus, over 1.0 million SF of office and workshop space, Houston Building $34M plant manufacturing ultra-high molecular weight polyethylene in La Porte PAGE 33
34 PAGE 34
35 PAGE 35
36 1900 West Loop South Suite 1300 Houston, TX T transwestern.com/houston Making Houston Greater.
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