Business

Is Houston’s Downtown Development Saturated?

A new report shows Houston’s central business district trails many other large cities in development potential

Downtown Houston as seen from Hilton Americas
Downtown Houston as seen from Hilton Americas

A report by Commercial Café places Houston 19th among 25 U.S. cities in the acreage of vacant land in their central business districts.

It says downtown Houston has just under nine empty acres.

That ranks it far behind the state’s other big cities. Downtown Dallas, for example, has more than 86 acres of empty lots.

Bob Eury, president of Central Houston, an organization focused on downtown development, is not worried they’ll run out of land to develop any time soon.

“If you add the green grass and you add the parking lots together, I think we have quite a bit of land in reserve for development right now,” he said.

The report doesn’t count surface parking lots as vacant land.

Eury estimates downtown Houston has about 30 blocks worth of developable parking lots.

Will developing those create a shortage of parking?

Eury said no because the new parking garages being built create even more parking spaces.

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Florian Martin

Florian Martin

Business Reporter

Florian Martin is currently the News 88.7 business reporter. Florian’s stories can frequently be heard on other public radio stations throughout Texas and on NPR nationwide. Some of them have earned him awards from Texas AP Broadcasters and the Houston Press Club. Florian is a native of Germany. His studies...

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