The Houston Medical Center real estate properties have attractions the keep the area's real estate prices vital. According to the Houston Association of Realtors, many of the homes in this area were on the market for an average of about 62 days. With a charming mix of bungalows and new brick homes, the Houston Medical Center real estate properties known both inside, and outside Houston as a quality, family friendly community. The Houston Medical Center real estate properties are an ideal location for citizens working in the medical, legal, utilities, oil and other major companies with offices in downtown Houston and around the medical center. Specialty shops and well known restaurants attract many to the area, not to mention the beautiful parks sprinkled throughout the neighborhood.
During the collapse of the energy industry, the 10-year commercial building boom that shaped this city's skyline has, since the mid-80's, come to a virtual standstill - except on the 600-acre campus of the Medical Center next to Rice University. More than $1.3 billion in major projects - completed last year, under way or planned in the near future - have provided a much-needed boom for the Houston Medical Center real estate properties and the city's construction industry. It is believed to be the largest concentration of new construction in the South. Texas Medical Center, where Drs. “Michael E. DeBakey” and “Denton A. Cooley” both achieved worldwide recognition for their innovative heart surgery, is made up of 41 member institutions, including 14 hospitals and two medical schools. It is the largest health and medical complex in the world. With about 52,000 full- and part-time employees, it is also the largest single employer here, pumping $3.5 billion a year into the city in salaries, operating expenses and spending by those associated with the center. It is clear the reasons that the Houston Medical Center real estate properties are very HOT.
