Houston may be known as “Space City,” but there is no questioning that its ties to the energy industry have been what are truly responsible for the city’s booming growth over the past decades. Although it is somewhat removed from the center of the metro-area, Highways 99, 6, and 8 bisect I-10, and offer quick access to neighboring districts and other major roadways for the numerous companies that lease office space in the Houston.
The almost satellite-like status of the Energy Corridor from the rest of Houston has proven to be a huge advantage from the standpoint of urban development. The open space has provided the freedom and opportunity for commercial and residential development to integrate together well, and they strike a perfect balance with the surrounding natural beauty. The neighboring parks offer extensive recreational opportunities, with 50 miles of parks, hiking and biking trails, and 26 acres of open green space. The beautiful suburban environment has gated communities, well-kept neighborhoods of family homes, and luxury apartment complexes that collectively house more than 800,000 people employed at businesses with offices in the Energy Corridor.
Houston’s international reputation and the extensive amount of world-class office space for lease in the Energy Corridor is what attracts some of the largest energy corporations to setup operations in the area. The Energy Corridor boasts almost 19 million square feet of office space, of which nearly 75% is considered Class A. The largest employer in the Energy Corridor is BP America, with over 9,000 employees working at its office at the intersection of Memorial Drive and Westlake Park Boulevard. Behind BP America with around 2,000 employees is ConocoPhillips, another giant of the global energy industry, with an office just off I-10 at North Eldridge Parkway.
The current corporate tenants, residential and retail development, and surrounding natural beauty make the Energy Corridor a desirable destination for companies of all industries. Knowing that, the district is a core part of Houston’s future economic development plans. Current projections suggest that 10.7 million square feet will be added to the total amount of available office space for lease by the year 2030. View our Google+ Page for more information.
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