Quote:
Originally Posted by bilbao58
I don't know about Dallas (as a native Houstonian, I don't want to know about Dallas  ), but don't you think the real reason in Houston is because there's already a glut of office space available? And with Exxon and Shell having moved to the suburbs, it's only gotten worse. Much of the construction of tall structures in the US and Canada is residential. Houston has yet to fully embrace living in high rises. |
Obviously the glut of new office construction within the last 10 years is a big hindrance, but there's also the glut of aging office space that was built in mass during the 70s/80s that is due to be renovated or demolished. Downtown Houston seems to have momentum going for it.