In October 2019, Gil Staley, CEO of The Woodlands Area Economic Development Partnership, gave a presentation to Houston Area Realtors about recent economic trends in The Woodlands. Gil’s team is charged with being a resource and advocate for companies in The Woodlands. They promote job growth and economic vitality in The Woodlands Area by recruiting new businesses to the area and supporting existing ones.
As a property management company headquartered in The Woodlands, it was great to hear about what has been going on with major companies in North Houston and how that could affect the real estate market. Gil goes into job growth, what sectors support the most jobs (energy still number 1 but check out the presentation to see what industry is closing in!), and a little about recent development projects.
If you’re an investor currently with a rental property in The Woodlands or thinking of purchasing an investment property in the area, you’ll want to check this out. From a property management perspective, we definitely found it helpful to see what sectors are growing, what employers are hiring, and how that can affect the local rental market!