During the final panel at RealShare Houston, local industry leaders shared their thoughts on where Houston is now and how long the good times will continue in a Town Hall Power Panel.
“The growth has been phenomenal since the downturn,” said moderator Rand Stephens, managing principal at Avison Young, siting the 5.2% unemployment rate as proof to the exceptional nature of the current cycle.
Andrew Montgomery, executive vice president of acquisitions at Griffin Partners, agreed, “I think demand drivers are here to stay. It is a pretty compelling story as to why Texas has outperformed the rest of the country.”
Read more...Increasing Supply. Not Oversupply Yet.
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