US business leaders targeting ambitious Scots firms looking to set up operations across the Atlantic report high levels of development activity in the Greenspoint district in oil-rich Houston.
While much of America’s commercial property market is undergoing a sluggish post-recession recovery, Greenspoint is said to be thriving.
The area was once a hotspot for shootings, car thefts and other crime, but a police crackdown and major redevelopment have encouraged many new businesses to move in.
Today, the area is said to be no more dangerous than any other part of Houston – and far safer than many.
Current development is expected to deliver more than 2million square feet of new office and industrial space, while about 1million sq ft is available through new or renewed lets.
The new builds include the DCT Airtex Business Centre, a 126,000sq ft light industrial facility, the 665-acre Pinto Park – Houston’s largest shovel-ready business park – and Northbelt Office Center VI, which will provide 135,000sq ft of office space.
Economic development bosses hope to attract expanding businesses from north-east Scotland, and Greenspoint district is now a member of Aberdeen and Grampian Chamber of Commerce.
Chief developmemt officer Regina Lindsay said: “We have a great deal of expertise in supporting companies which may be opening their first overseas office, and have helped many Scottish companies establish a presence here as part of their overall growth strategy.
“The first half of this year has seen some intense development activity, which is also very beneficial for companies from Scotland wanting to open up a base in Houston.
“This includes areas for new builds and space available for leasing in office and industrial that can be tailored to suit any type and size of business.”
She added: “Many companies are particularly drawn to Greenspoint because of the close proximity to some of the industry’s major players.
“ExxonMobil, for example, has historically occupied more than 2million sq ft of office space in the district.”