google is coming

Google to invest $50M in Texas and shares new details on its upcoming Houston office

Google has announced its Houston office is expected to deliver in May. Photo courtesy of Google

Mark it on your calendars: In May, Google is expected to complete the buildout of its first office in Houston.

Google will occupy one floor totaling 11,000 square feet in the One Buffalo Heights building at 3663 Washington Ave. The tech giant announced the Houston office last June.

It's unclear how many Google employees will work in the Houston office, which will be a regional hub for Google Cloud's sales team. But if Google adheres to industry standards for office space per person, the Houston office would house roughly 60 to 70 employees.

Google revealed the May timetable for completion of its Houston office on March 18 in conjunction with a broader announcement about investing $50 million in office space and data center space this year in Texas.

"We are excited to see Google expand its presence in Texas and here in Houston," Bob Harvey, president and CEO of the Greater Houston Partnership, says in a Google release. "Google is working closely with Houston companies in energy and healthcare to ensure successful digital transformation in these core industries. At the same time, the company is collaborating with emerging energy 2.0 companies to help usher in the energy transition to a low-carbon future. We believe the future holds more partnership opportunities for Google and the Houston region."

Houston Mayor Sylvester Turner says the Google office will help lay the groundwork for Houston's evolution as Silicon Bayou, a center of tech innovation. Along those lines, Bill McKeon, CEO of the Texas Medical Center, says the medical complex is working with Google on several initiatives designed to capitalize on his organization's health data and intellectual capital.

Google's local office will contribute to a growing tech presence in Houston.

Houston ranks 14th among major U.S. metro areas for hiring of tech workers, according to tech job website Dice.com. That's one spot ahead of San Jose, California, the heart of Silicon Valley. Austin appears at No. 7 on the list and Dallas at No. 9.

Adding to Houston's tech status is that the typical tech salary sits at $91,190, putting it in 24th place for how much higher that pay is among U.S. metro areas than the typical salary for all industries, according to Business.org. On that scale, Dallas-Fort Worth is No. 23 and San Antonio is No. 26.

Tech trade group CompTIA

estimates the tech sector contributes $28.4 billion a year to the Houston area's economy. The region ranks 12th in the U.S. for total tech employment (more than 235,800 workers), with tech jobs representing 7.2 percent of the regional workforce.

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Building Houston

 
 

A new report says Houston “is poised for further growth” in life sciences. Photo via Getty Images

Houston is receiving more kudos for its robust life sciences sector.

Bayou City lands at No. 13 in JLL’s 2022 ranking of the country’s top 15 metro areas for life sciences. JLL says Houston “is poised for further growth” in life sciences.

Here’s how Houston fares in each of the ranking’s three categories:

  • No. 12 for supply of life sciences-oriented commercial real estate
  • No. 14 for access to life sciences talent
  • No. 15 for life sciences grant funding and venture capital

Earlier this year, Houston scored a 13th-place ranking on a list released by JLL competitor CBRE of the country’s top 25 life sciences markets. Meanwhile, commercial real estate platform CommercialCafe recently placed Houston at No. 10 among the top U.S. metros for life sciences.

JLL applauds Houston for strong growth in the amount of life sciences talent along with “an impressive base of research institutions and medical centers.” But it faults Houston for limited VC interest in life sciences startups and a small inventory of lab space.

“Houston is getting a boost [in life sciences] from the growing Texas Medical Center and an influx of venture capital earmarked for life sciences research,” the Greater Houston Partnership recently noted.

Boston appears at No. 1 in this year’s JLL ranking, followed by the San Francisco Bay Area, San Diego, Washington, D.C./Baltimore, and Philadelphia.

Last year’s JLL list included only 10 life sciences markets; Houston wasn’t among them.

“The long-term potential of the sector remains materially unchanged since 2021,” Travis McCready, head of life sciences for JLL’s Americas markets, says in a news release.

“Innovation is happening at a more rapid pace than ever before, the fruits of research into cell and gene therapy are just now being harvested, and revenue growth has taken off in the past five years as the sector becomes larger, an atypical growth track.”

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