With more than 23.6 million square feet of commercial office
space, Uptown Houston represents approximately 12 percent of
Houston’s total office space, making it second in size
to Downtown Houston.
Uptown Houston is the 17th largest business center in the
U.S. and compares in size to the downtowns of Seattle and Denver.
Uptown Houston is home to approximately 2,000 companies, ranging
from small - to large - sized commercial businesses, representing
a variety of diverse industries.
RETAIL
With the completion of The Galleria’s 700,000 square-foot
expansion, Uptown Houston offers more than five million square
feet of gross leasable retail space, more than any other retail
destination in Houston. The Galleria is ranked the fourth largest
retail complex in the country.
In 2006, Uptown Houston recorded $2 billion in retail sales,
making it the highest volume of any retail shopping district
in Houston.
Uptown Houston's 30 first-quality, full-service hotels comprise
Houston's hotel district. It contains more than 7,000 hotel
rooms, constituting approximately 12% of Houston's 58,600 hotel
rooms.
The area hosts approximately 200,000 office workers and shoppers
daily and more than 22 million visitors from all over the world
each year.
With more than 100 restaurants and entertainment spots, Uptown Houston
is a premier dining and entertainment area of Houston and offers
a variety of casual, fine and family dining to meet a wide variety
of tastes.
RESIDENTIAL
More than 30,000 people call Uptown Houston home. Uptown
offers a variety of housing options including apartments, high
rises, town homes and houses and accommodates a diverse group
of people, from CFOs of major corporations and mid-level management
to administrative staff and entry level personnel.
Since 2000, seven residential towers have been built in Uptown.
Over 3,500 single and multi-family units have been built as
well, representing over $400 million in real property valuation.
Uptown Houston’s home values reflect the strong demand
for an Uptown address. Its neighborhoods boast median home
sale prices of more than $180 per square foot in the last two
years. New high-rise condominiums in the area boast values
of more than $1 million.
Taxes
Annual revenue from retail sales taxes generated in Uptown
Houston totals approximately $150 million. Its retail establishments
contribute more than $18 million annually to METRO.
In 2006, Uptown Houston hotels generated $38 million in occupancy
tax revenue, which funded a variety of organizations performing
civic functions including the Greater Houston Convention and
Visitors Bureau and the State of Texas Department of Commerce.
