The Texas Moment

Texas is not just growing. Texas is outpacing the entire country. Houston industrial construction rose 7.1 percent quarter over quarter. The national average is 2.2 percent. That's more than triple the pace. 21.8 million square feet under construction in Q1. 24 percent preleased. Manufacturing is leading the charge with 21 percent of all leases. Grainger just broke ground on a 1.3 million square foot distribution center in Hockley. 400 jobs. Dallas is a different animal right now. The Texas Stock Exchange is launching in July with 275 million in backing from Charles Schwab, BlackRock, JP Morgan. They're trying to rival the NYSE. Class A office in Uptown Dallas is tightening. Leasing activity is rising. Finance jobs are coming. DataBank just secured a 2 billion dollar construction loan for three new data centers near Dallas. 600,000 square feet. 180 megawatts. They accelerated the timeline by 18 months. These are fully leased before they're even built. Texas is becoming the data center capital of the country. Manufacturing is booming. Finance is moving in. Data centers are being built at scale. Capital is flowing. The operators who understand this moment, who are positioned in Texas right now, they're going to win big. Episode Sponsor: Rise 48 EquityRise 48 helps you protect and grow your wealth by investing in large multifamily apartment buildings. Vertically integrated property management. Vertically integrated construction. They do all the work.rise48.com