12002 Southwest Fwy

Sugar Land includes the Sugar Land master-planned community and its surrounding areas and is one of the premier suburban locales in the Houston metro. Once known as a bedroom community, the area has enjoyed considerable population growth in recent years. It continues to garner increased density from high-end multifamily development, attracting affluent renters-by-choice and elevating local buying power (median household income multiplied by the number of households). Residents here earn some of the highest incomes in Houston, and the area also boasts a high percentage of college graduates.

Sugar Land is commutable to most of Houston's major in-town and suburban employment nodes, though the area has established itself as a regional employment center of its own. It is home to a diversified set of high-profile corporations such as UnitedHealthcare (insurance), Texas Instruments (electronics supplier), Schlumberger (energy), and Methodist Sugar Land Hospital (healthcare). While energy plays a large role here, the area’s diversification into financial services, corporate headquarters for S&P 500 manufacturing companies, and healthcare makes Sugar Land less vulnerable to the cyclicality in the energy sector compared to other parts of Houston.

This node is home to several notable malls, including the Beltway Plaza, Fountains on the Lake, and Hong Kong City Mall, which are all larger than 300,000 square feet and draw shoppers from all over Houston. Retail buildings here are more affordable than those in more urban areas throughout Houston, which offers investors and owners an attractive opportunity to own in an area with strong net operating income and population growth potential.