BY DANICA LLOYD
5.1M sq. ft.
A closer look
Zooming out
Rental rates rose by over 30% for Cy-Fair industrial facilities in the last ve years, per CoStar Group, which English said shows the desirability in this sector. O cials with Prologis logistics real estate rm said they’re planning over 5 million square feet of space at the Prologis Legacy Point industrial business park o Hwy. 290 and Fry Road. It will cater to retailers, manufacturing, distribution and energy companies, said Hans Brindley, senior vice president of marketing for Prologis Houston. The project will bring at least 2,000-3,000 jobs to the community depending on tenants, Prologis o cials estimate. In the o ce sector, about 93% of buildings under construction or proposed in Cy-Fair are medical facilities, including the 120,000-square- foot Kelsey-Seybold Northwest Campus o Hwy. 290, CoStar Group data shows. Retail projects range from a 1,649-square-foot coee shop to a 324,093-square-foot car dealership.
In an Aug. 16 news release, Gov. Greg Abbott’s o ce announced Texas job growth outpaced the nation in July, and 14.73 million Texans—a record- high number—are working , according to U.S. Bureau of Labor Statistics data. At the same time, over 500,000 job listings were open , according to the Texas Workforce Commission. As more companies move to Cy-Fair, the local workforce is expected to continue to grow. “Absolutely there are enough workers to ¢ll [local] jobs, but people have to want to work,” said Leslie Martone, president of the Cy-Fair Houston Chamber of Commerce. “I believe that companies that will have a desirable place to work will be the key factor in keeping employees, such as good bene¢ts, ¦exible work-life balance and a good working environment.”
Prologis Legacy Point, an industrial business park o Hwy. 290, will open over the next three years.
RENDERING COURTESY PROLOGIS
120,000 sq. ft.
Kelsey-Seybold Northwest Campus will open next spring o Hwy. 290.
RENDERING COURTESY KELSEY¨SEYBOLD
Cy-Fair Educational Foundation
Hyatt Regency Houston West • October 19, 2024
HCA Houston Healthcare North Cypress Missing Man Underwriter Howard Hughes 1st Lt. Jeremy Ray Fallen Soldier Sponsor
SPONSORSHIP OPPORTUNITIES AVAILABLE Veteran Tickets - $75 • Individual Tickets - $125
Guest Speaker Chad Robichaux – USMC Force Recon Veteran In 2021, Chad notably led the e ort to rescue Americans, our allies, and vulnerable individuals stranded during the US withdrawal from Afghanistan. What began as a personal quest to rescue a long-time friend and Afghan interpreter evolved into a full-edged humanitarian operation. Under Chad’s leadership, he and his team have successfully evacuated over 17,000 people from the hands of the Taliban. Since Afghanistan Chad has continued to organize and lead humanitarian e orts around the world.
Contact Marie Holmes at 281.370.0144 • eCFEF.org
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CYFAIR EDITION
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