COMMERCIAL REAL ESTATE
With a mix of office buildings, good infrastructure and the amenities to support growing businesses, Westchase District has emerged as a leading office address for Houston employers. Although opportunities for greenfield development in the District are limited, redevelopment is already underway with the construction of new offices, hotels and multifamily communities. Our staff is working with developers to identify future opportunities, based on our area’s assets: excellent mobility; an affluent, educated population; attractive housing alternatives; prestigious corporate neighbors; one of the safest environments in the city; and a professional management staff to ensure the area remains safe, mobile, attractive and well-maintained.
Westchase District has the demographics to support growing businesses with qualified employees and good customers. A well-educated and high-income workforce resides in and nearby Westchase District. Compared to the rest of the City, Westchase District has many more management, business, financial, professional and administrative jobs, making it one of the more upscale communities in the Houston area. Median income is approximately 6-percent higher than the City of Houston’s. More than a half-million people live within 5 miles of Westchase District. Together, they constitute a readily available, educated and highly skilled labor pool.
Many leading-edge companies are based in Westchase District, including several from the Fortune 200: Kroger; Bank of America; Phillips 66; Target; Cisco; MetLife; Honeywell, National Oilwell Varco; and Office Depot. Other businesses claim Westchase District as their corporate headquarters, including CGG, BMC Software, Cardtronics, Tailored Brands and Phillips 66. Although many of our area’s businesses are energy-related (Chevron and Schlumberger, among others), our area is heavy in engineering and construction companies as well, including ABB, Aker Solutions, CB&I, Costello, Inc; D.E. Harvey Builders, Hoar Construction, Jacobs Engineering, Lockwood Andrews & Newnam and LJA Engineering. Our area’s diverse job basis keeps Westchase District stable during industry-specific economic downturns.
Westchase District staff members track all real estate activity in the area, including planned developments, new construction and public-sector improvements. These quarterly development updates serve as a valuable tool for those looking to build in Westchase District or move businesses here.