new hires

Houston listed among top cities expected to see office job growth

Houston is expected to see a 1.9 percent rise in office jobs this year. Getty Images

Texas cities — including the Houston area — will see a slew of new office jobs this year, according to a new projection.

Commercial real estate services company CBRE predicts Houston will see a 1.9 percent rise in office jobs this year compared to last year. That ranks Houston as the No. 4 spot for anticipated office-job growth in 2020 among U.S. markets with at least 37.5 million square feet of office space. Office jobs include those in the tech, professional services, and legal sectors.

"Tech, talent, and low taxes continue to fuel Texas' rising status as an inevitable, leading force in the U.S. economy," Ian Anderson, Americas head of office research at CBRE, says in the release. "2020 will be another year where companies and people from around the country relocate to the Lone Star State, leaving most of the rest of the country in envy of the growth in Dallas, Houston, and Austin."

Dallas only narrowly outpaced Houston in the ranking coming in at No. 3 with 2.1 percent expected growth. Austin, however, is the big Texas winner with an expected 2.6 percent rise in office jobs this year compared with last year. That puts Austin in first place on the ranking, edging out San Francisco for the top spot in CBRE's forecast, published January 9. The company predicts a 2.5 percent increase in San Francisco office jobs this year versus last year.

Personal finance website WalletHub recently ranked San Francisco and Austin third and fourth, respectively, on its list of the U.S. best cities to find a job.

"It's not surprising that the forecast for Austin is extremely bright, and we expect that technology companies and professional firms will still drive the demand for more [offices]," Troy Holme, executive vice president in the Austin office of CBRE, says in a January 22 release.

In November, Austin's unemployment rate decreased to 2.5 percent from 2.6 percent in October and 2.7 percent in September, according to the Texas Workforce Commission. Austin's jobless rate in November was the third lowest among the state's metro areas; Dallas-Fort Worth's rate was at 3 percent, while Houston's was at 3.6 percent.

CBRE says the growth of office jobs was more robust in the top U.S. markets last year than it is estimating for 2020. Dallas (5.7 percent) leads the 2019 list, followed by San Francisco (5.2 percent), Seattle (4.2 percent), Houston (3.7 percent), and Charlotte, North Carolina (3.6 percent).

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This article originally ran on CultureMap.

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Building Houston

 
 

Rice has risen to the top again. Photo courtesy of Rice University

Rice University continues to rise in national surveys. The latest: U.S. News & World Report's 2021 Best Colleges, released September 14, anoints Rice as the best university in Texas. The prestigious Houston school — dubbed the "Ivy League of the South" — ranks No. 16 among national universities, up one spot from last year.

This is in step with last year's U.S. News & World Report's Best Colleges list, which also named Rice the best university in Texas.

The trusted report compared more than 1,400 undergraduate institutions across 17 measures of "academic quality" this year. Acknowledging the ongoing impact of the coronavirus pandemic on students and schools, the publication made several updates to its methodology, notes a release.

For 2021, U.S. News added two new metrics to measure student debt. It also increased the weight of the outcome category, which measures graduation rates, retention rates, and social mobility, and reduced the weights for standardized test scores, high school class standing, and alumni giving. And, for the very first time, the report ranks test-blind schools (those that don't require an SAT or ACT score for admission).

"The pandemic has affected students across the country, canceling commencement ceremonies and switching classes from in person to remote," said Kim Castro, editor and chief content officer, in a release. "Whether students have slightly altered their college plans or changed them entirely, it remains our mission to continue providing students and their families with the tools they need to help find the right school for them."

Now, on to the rankings. Here's how Rice scores in the prestigious report:

  • No. 6 in Best Undergraduate Teaching
  • No. 8 in Best Value Schools
  • No. 18 in Most Innovative Schools (tie)
  • No. 224 in Top Performers on Social Mobility (tie)
  • No. 19 in Best Undergraduate Engineering Programs (tie)

For 2021, the University of Texas at Austin ranks No. 42 nationally, up a significant six spots from 2020. It's also the school's highest ranking on the report since 1985, touts a news release from the university. Among the country's public universities, UT Austin climbed four spots from the previous year, landing at No. 13.

As for Texas' other top schools, Southern Methodist University and Texas A&M University are tied at No. 66 nationwide, while Baylor University and Texas Christian University rank No. 76 and No. 80, respectively.

The lofty U.S. News & World Report ranking is just the latest in accolades for the Owls. Rice was recently named the seventh best college in the U.S. and the best college in Texas by Niche.com.

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This article originally ran on CultureMap.

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