Medical Center properties are in high demand for a good reason, Houston's Texas Medical Center is the city's largest employer with 51,000 local citizens working within its 41 institutions. It's no wonder that housing in this area is in high demand. Lying in the southwest corner of the 610 Loop, the South Main corridor is attractive to active residents because of its convenience to the Texas Medical Center, downtown, the Galleria area, museums and Rice University, Houston's oldest institution of higher learning. The Medical Center provides many housing options including, multi family housing and many rental real estate.
The Medical Center properties surrounding the city's medical community, as well as being close to these other hubs of activity, has rendered valuable the land in South Main neighborhoods, Boulevard Oaks, Braeswood and Devonshire; and its townships, Bellaire and West University and Southside Place. The Boulevard Oaks section of the South Main corridor was formed by a group of small neighborhoods: Southampton, Vassar Place, and North and South Blvd. The area is known for its abundant oak trees that, on many streets, form attractive, geometric patterns and you can find your future home in the Medical Center.
The Medical Center has attractions that 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 Medical Center Houston real estate properties known both inside, and outside Houston as a quality, family friendly community. The Medical Center is 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.
BECAUSE of 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 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 Medical Center is very HOT.