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October 2014
Bay Area Houston Economic Partnership
Demographic Report
BAHEP Business Development Reception CDS Market Research
BAHEP Region Represented by
17 Zip Codes
BAHEP Business Development Reception CDS Market Research
Population Trend– 1990 to 2014
1990 2000 2010 2014
329,091
406,765
477,733 506,123
7,376 new
residents each
year from 1990
to 2014.
1.8% average
annual growth
7,097 average
each year in the
2000’s.
7,097 average
each year in the
2010’s
Source: US Bureau of the Census, Nielsen/Claritas 2014 estimates – PCensus for Arcview
BAHEP Business Development Reception CDS Market Research
Households by Income – Bay Area 2000 Census 2014 Estimate Change
Count Share Count Share Count %
Change
Household Income Groups - Total Households 146,519 180,255 33,736
Less than $15,000 15,982 10.9% 17,979 10.0% 1,997 12.5%
$15,000 to $24,999 14,557 9.9% 16,681 9.3% 2,124 14.6%
$25,000 to $34,999 17,843 12.2% 17,040 9.5% -803 -4.5%
$35,000 to $49,999 23,774 16.2% 21,981 12.2% -1,793 -7.5%
$50,000 to $74,999 31,526 21.5% 32,161 17.8% 635 2.0%
$75,000 to $99,999 19,653 13.4% 23,395 13.0% 3,742 19.0%
$100,000 to $149,999 16,029 10.9% 28,891 16.0% 12,862 80.2%
$150,000 to $249,999 5,692 3.9% 15,676 8.7% 9,984 175.4%
$250,000 to $499,999 1,189 0.8% 5,089 2.8% 3,900 328.0%
$500,000 or more 273 0.2% 1,362 0.8% 1,089 398.9% Average Household Income $62,479 $82,075
Source: US Bureau of the Census 2000, Nielsen/Claritas 2014 estimates – PCensus for Arcview
BAHEP Business Development Reception CDS Market Research
Labor Force & Occupations – Bay Area
Source: US Bureau of the Census 2000, Nielsen/Claritas 2014 estimates – PCensus for Arcview
2000 Census 2014 Estimate Change
Count Share Count Share Count % Change
Occupation Employed Population Age 16+ 193,722 247,899 54,177 28.0% Architect/Engineer 10,346 5.3% 12,054 4.9% 1,708 16.5% Arts/Entertainment/Sports 2,832 1.5% 3,070 1.2% 238 8.4% Building Grounds Maintenance 4,626 2.4% 8,647 3.5% 4,021 86.9% Business/Financial Operations 8,596 4.4% 10,652 4.3% 2,056 23.9% Community/Social Services 2,019 1.0% 2,407 1.0% 388 19.2% Computer/Mathematical 6,218 3.2% 7,047 2.8% 829 13.3% Construction/Extraction 13,917 7.2% 18,708 7.6% 4,791 34.4% Education/Training/Library 11,534 6.0% 16,703 6.7% 5,169 44.8% Farm/Fish/Forestry 381 0.2% 761 0.3% 380 99.7% Food Preparation/Serving 8,106 4.2% 12,462 5.0% 4,356 53.7% Health Practitioner/Technician 8,500 4.4% 14,167 5.7% 5,667 66.7% Healthcare Support 2,227 1.2% 3,664 1.5% 1,437 64.5% Maintenance and Repair 9,295 4.8% 10,264 4.1% 969 10.4% Legal 1,657 0.9% 1,910 0.8% 253 15.3% Life/Physical/Social Science 2,750 1.4% 2,602 1.1% -148 -5.4% Management (2014 inc. farmers/farm managers) 18,477 9.5% 24,863 10.0% 6,386 34.6% Office/Administration Support 28,561 14.7% 29,064 11.7% 503 1.8% Production 14,258 7.4% 17,502 7.1% 3,244 22.8% Protective Services 3,188 1.7% 4,744 1.9% 1,556 48.8% Sales/Related 22,400 11.6% 25,570 10.3% 3,170 14.2% Personal Care/Services 4,193 2.2% 7,141 2.9% 2,948 70.3% Transportation/Moving 9,640 5.0% 13,898 5.6% 4,258 44.2%
BAHEP Business Development Reception CDS Market Research
Engineers &
Architects
One out of eight
Houston Area Engineers
& Architects live in the
Bay Area
Bay Area Engineers and
Architects = 12,054,
4.9% of the labor force
Houston MSA Engineers
and Architects = 91,485
3.0% of the labor force
Source: Nielsen/Claritas 2014 estimates – PCensus for Arcview
BAHEP Business Development Reception CDS Market Research
Census Employment Trend– 2004 to 2012
2004 2005 2006 2007 2008 2009 2010 2011 2012
148,140 150,181
158,235
164,617
169,069 172,322
169,093
175,183 177,694
3,694 new
jobs each year
from 2004 to
2012.
2.3% average
annual growth
Source: US Bureau of the Census, County Business Patterns, 2012, Does not include government.
BAHEP Business Development Reception CDS Market Research
Single-Family Housing Market
01,0002,0003,0004,0005,0006,000
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
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08
20
09
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10
20
11
20
12
20
13
Existing S.F. Home Sales
Total S.F. Homes 2014 =
131,463 units
Total S.F Homes before 1990 =
81,800 units
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
20
00
20
01
20
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20
14
Average Price Trend
Source: Houston Association of Realtors, Nielsen/Claritas 2014 estimates – PCensus for Arcview
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
20
00
20
01
20
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Median Price Trend Compared to Houston Overall
Houston MSA BAHEP
BAHEP Business Development Reception CDS Market Research
New Single-Family Housing
0
500
1,000
1,500
2,000
2,500
3,000
2006 2007 2008 2009 2010 2011 2012 2013
New S.F. Home Starts and Closings
Starts Closings
Total New S.F. Homes built
2006 to 2013 = 13,403
Total New S.F. Homes sold
2006 to 2013 = 14,303
Average 1,675 built annually
from 2006-2013
BAHEP Business Development Reception CDS Market Research
Apartment Market
0500
1,0001,5002,0002,500
Annual Apartment Construction, Units
Total Apartments 2014 =
52,472 units in 265 Properties
Total Apartments before 1990 =
37,937 units in 198 properties
80%82%84%86%88%90%92%94%96%
19
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20
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20
01
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Apartment Occupancy Trend
$0.50$0.60$0.70$0.80$0.90$1.00$1.10$1.20
19
99
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20
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20
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Apartment Rent Trend, $/SF per month
All Class A
Source: O’Connor & Associates, Apartment Database
BAHEP Business Development Reception CDS Market Research
Office Market
0100,000200,000300,000400,000500,000
1991 1993 1995 1998 2000 2002 2004 2006 2008 2010 2012
Annual Office Construction, Square Feet
Total Office Space, 2012 =
11.31 million square feet
Office space before 1990
= 8.27 million square feet
70%
75%
80%
85%
90%
95%
2Q
20
05
1Q
20
06
4Q
20
06
3Q
20
07
2Q
20
08
1Q
20
09
4Q
20
09
3Q
20
10
2Q
20
11
1Q
20
12
4Q
20
12
3Q
20
13
2Q
20
14
Office Occupancy Trend
Source: O’Connor & Associates, Office Database
$15.00
$16.00
$17.00
$18.00
$19.00
$20.00
3Q
20
14
4Q
20
13
1Q
20
13
2Q
20
12
3Q
20
11
4Q
20
10
1Q
20
10
2Q
20
09
3Q
20
08
4Q
20
07
1Q
20
07
2Q
20
06
3Q
20
05
Office Rent Trend
BAHEP Business Development Reception CDS Market Research
Retail Market
Total Retail Space, 2014 =
23.94 million square feet
Retail space before 1990 =
13.55 million square feet
84%85%86%87%88%89%90%91%92%93%
2Q
20
05
1Q
20
06
4Q
20
06
3Q
20
07
2Q
20
08
1Q
20
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4Q
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3Q
20
10
2Q
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1Q
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4Q
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12
3Q
20
13
2Q
20
14
Retail Occupancy Trend
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
3Q
20
14
4Q
20
13
1Q
20
13
2Q
20
12
3Q
20
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4Q
20
10
1Q
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2Q
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3Q
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4Q
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07
1Q
20
07
2Q
20
06
3Q
20
05
Retail Rent Trend
Source: O’Connor & Associates, Shopping Centers Database, includes only centers with more than 10,000 square feet
0
500,000
1,000,000
1,500,000
Annual Retail Construction, Square Feet
BAHEP Business Development Reception CDS Market Research
Retail Sales – Bay Area
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Total Retail Sales, Millions $
Drop in Bay Area Sales
2008 to 2009 = 6.0%
Increase in Bay Area Sales
2009 to 2013 = 61.9%
Source: Texas Comptroller of Public Accounts
Increase in Bay Area Sales
2003 to 2014 = 122.8%
BAHEP Business Development Reception CDS Market Research
Population Projection – 1990 to 2040
1990 2000 2010 2015 2020 2025 2030 2035 2040
329
409
478 517
575 627
672 706
730
7,454 new
residents each
year from
1990 to 2010.
6,898 average
each year in
the 00’s
8,377 average
each year
2010 to 2040
Population in
thousands
Source: CDS Market Research, forecasts for the Grand Parkway Traffic and Revenue Study, CDM Smith, 2014.
BAHEP Business Development Reception CDS Market Research
Jobs Projection – 1990 to 2040
2000 2005 2010 2015 2020 2025 2030 2035 2040
140
176 192
212 227
239 250
261
3,650 new
jobs each year
from 2000 to
2010.
2,822 average
each year
2015 to 2040
Jobs in
thousands
Source: CDS Market Research, forecasts for the Grand Parkway Traffic and Revenue Study, CDM Smith, 2014.
CDS Market Research
Ty Jacobsen
281-582-0864
www.cdsmr.com
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