Bay Area Houston Economic Partnership Demographic Report October 2014
BAHEP Region Represented by 17 Zip Codes
Population Trend 1990 to 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 1990 2000 2010 2014 Source: US Bureau of the Census, Nielsen/Claritas 2014 estimates PCensus for Arcview
Households by Income Bay Area 2000 Census 2014 Estimate Change Count Share Count Share Count Household Income Groups - Total Households 146,519 180,255 33,736 % Change 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
Labor Force & Occupations Bay Area 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% Source: US Bureau of the Census 2000, Nielsen/Claritas 2014 estimates PCensus for Arcview
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
Census Employment Trend 2004 to 2012 148,140 150,181 158,235 164,617 175,183 177,694 172,322 169,069 169,093 3,694 new jobs each year from 2004 to 2012. 2.3% average annual growth 2004 2005 2006 2007 2008 2009 2010 2011 2012 Source: US Bureau of the Census, County Business Patterns, 2012, Does not include government.
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Single-Family Housing Market Existing S.F. Home Sales Total S.F. Homes 2014 = 131,463 units Total S.F Homes before 1990 = 81,800 units 6,000 5,000 4,000 3,000 2,000 1,000 0 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 Average Price Trend $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 Median Price Trend Compared to Houston Overall Houston MSA BAHEP Source: Houston Association of Realtors, Nielsen/Claritas 2014 estimates PCensus for Arcview
New Single-Family Housing Total New S.F. Homes built 2006 to 2013 = 13,403 3,000 New S.F. Home Starts and Closings Total New S.F. Homes sold 2006 to 2013 = 14,303 Average 1,675 built annually from 2006-2013 2,500 2,000 1,500 1,000 500 0 2006 2007 2008 2009 2010 2011 2012 2013 Starts Closings
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Apartment Market Total Apartments 2014 = 52,472 units in 265 Properties Total Apartments before 1990 = 37,937 units in 198 properties 2,500 2,000 1,500 1,000 500 0 Annual Apartment Construction, Units 96% 94% 92% 90% 88% 86% 84% 82% 80% Apartment Occupancy Trend $1.20 $1.10 $1.00 $0.90 $0.80 $0.70 $0.60 $0.50 Apartment Rent Trend, $/SF per month All Class A Source: O Connor & Associates, Apartment Database
2Q 2005 1Q 2006 4Q 2006 3Q 2007 2Q 2008 1Q 2009 4Q 2009 3Q 2010 2Q 2011 1Q 2012 4Q 2012 3Q 2013 2Q 2014 3Q 2005 2Q 2006 1Q 2007 4Q 2007 3Q 2008 2Q 2009 1Q 2010 4Q 2010 3Q 2011 2Q 2012 1Q 2013 4Q 2013 3Q 2014 Office Market Total Office Space, 2012 = 11.31 million square feet Office space before 1990 = 8.27 million square feet 500,000 400,000 300,000 200,000 100,000 0 Annual Office Construction, Square Feet 1991 1993 1995 1998 2000 2002 2004 2006 2008 2010 2012 95% Office Occupancy Trend Office Rent Trend $20.00 90% $19.00 85% $18.00 80% $17.00 75% $16.00 70% $15.00 Source: O Connor & Associates, Office Database
2Q 2005 1Q 2006 4Q 2006 3Q 2007 2Q 2008 1Q 2009 4Q 2009 3Q 2010 2Q 2011 1Q 2012 4Q 2012 3Q 2013 2Q 2014 3Q 2005 2Q 2006 1Q 2007 4Q 2007 3Q 2008 2Q 2009 1Q 2010 4Q 2010 3Q 2011 2Q 2012 1Q 2013 4Q 2013 3Q 2014 Retail Market Total Retail Space, 2014 = 23.94 million square feet Retail space before 1990 = 13.55 million square feet 1,500,000 1,000,000 500,000 0 Annual Retail Construction, Square Feet 93% 92% 91% 90% 89% 88% 87% 86% 85% 84% Retail Occupancy Trend Retail Rent Trend $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 Source: O Connor & Associates, Shopping Centers Database, includes only centers with more than 10,000 square feet
Retail Sales Bay Area $10,000 Total Retail Sales, Millions $ $9,000 $8,000 $7,000 Drop in Bay Area Sales 2008 to 2009 = 6.0% Increase in Bay Area Sales 2009 to 2013 = 61.9% $6,000 $5,000 Increase in Bay Area Sales 2003 to 2014 = 122.8% $4,000 $3,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: Texas Comptroller of Public Accounts
Population Projection 1990 to 2040 Population in thousands 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 1990 2000 2010 2015 2020 2025 2030 2035 2040 Source:, forecasts for the Grand Parkway Traffic and Revenue Study, CDM Smith, 2014.
Jobs Projection 1990 to 2040 Jobs in thousands 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 2000 2005 2010 2015 2020 2025 2030 2035 2040 Source:, forecasts for the Grand Parkway Traffic and Revenue Study, CDM Smith, 2014.
QUESTIONS/COMMENTS Ty Jacobsen 281-582-0864 tjacobsen@cdsmr.com www.cdsmr.com