Texas Commercial Construction – February 2016

Using the HBW database, we discovered approximately 1,400 new commercial construction projects in Texas.  Here’s the scoop on the top counties for February…

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When it comes to commercial construction, Texas is a state to watch.  According to Site Selection magazine, Texas is ranked No. 1 overall based on the number of new and expanded facilities projects constructed in 2015.  HBW subscribers in Texas already know about the nearly 1,400 new commercial projects that started in February throughout the state.  From new construction to alterations (including renovations and additions), county-to-county, more than $1.4 billion in commercial projects started last month.

Using the HBW database to gain detailed insight on where the bulk of commercial construction activity is taking place, Harris County in Houston was a clear winner in both new construction and alterations in February.  From Houston Baptist University’s $60 million expansion to new recreational facilities like a high-end bowling alley (CityCentre) and Nike’s Golf Performance Center at Bluejack National Resort, Houston has quite an array of newsworthy construction projects that are catching attention.  Just in Harris County, there are more than 500 commercial construction projects and alterations on file for February; in new commercial construction there were 116 starts for the month with a total value of more than $510 million.  Taking second behind Harris County is Bexar County in San Antonio, with 57 new permits and a total construction value in excess of $154.5 million.

The Texas County that was third highest in new commercial construction activity is Tarrant County which is located in the Dallas area. Known for its boom in real estate and higher-priced properties, Dallas has its fair share of commercial development.  Some of the latest construction projects highlighted in the Dallas Business Journal recently include Equinix’s awaited unveiling of a new $20 million data center in Legacy Business Park, and new redevelopment projects like that of the Lorenzo Hotel.  In February, 45 new commercial permits in Tarrant County were added to the HBW database with a total construction value of nearly $224 million.

 

TX Top 5 Counties - New Commercial Construction Feb. 2016

Texas Top 5 Counties – New Commercial Construction Feb. 2016

Commercial alterations led the bulk of commercial construction activity in Texas last month, and Harris County in Houston took the #1 spot again with 393 permits and a total value of nearly $254 million.  Two counties in Dallas (Dallas and Tarrant) held the second and third spots for commercial construction alterations.  Dallas County has 180 commercial alterations on file and a total construction value above $66.4 million, while Tarrant County has 106 permits on file for alterations in February and a total value of nearly $69 million.  Here’s a look at how the top five counties stacked up in total commercial construction alterations for the month:

Texas Top 5 Counties - Commercial Alterations Feb. 2016

Texas Top 5 Counties – Commercial Alterations Feb. 2016

Information utilized for the graphs and above listed figures was directly derived from HBW builder data reports. To gain access to the HBW database and receive custom and detailed reports on the latest building activity in Texas and beyond, please contact HBW for details.

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