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Posted on: Dec. 5, 2019, 4:31 p.m.
Almost 60 million sq. ft. of office space is sitting empty in the city. : (Bloomberg)—Houston is counting on industries outside the oilfield to employ residents of America’s fourth-largest city as the Texas shale boom sputters. “The situation Houston faces today is eerily similar to what it faced after the 1980s bust -- an oversaturated real estate market, a bleak outlook for oil and gas, and the need for innovation to drive the economy forward,” the Greater Houston Partnership said ... Full investment news article