Explosive El Paso Retail Boom Continues

EL PASO, Texas - Dec. 1, 2015 - PRLog -- If you’re looking at property for sale in west Texas, you’re in good company. El Paso has a thriving economy and has become a hot spot for retail development, making nearby land and homes more attractive than ever before.

New Shopping Centers Are Being Built At A Record Pace

El Paso is undergoing a retail boom, with River Oaks Properties leading the way. The El Paso retail developer is building new shopping centers at a brisker pace than any point since the company was founded in 1968, adding 400,000 square feet of retail space this year alone. This includes North Hills Crossing, located in northeast El Paso. River Oaks Properties is also building a shopping center on the far east side as well.

The retail growth is seen as a reflection of the strong consumer base in El Paso, and it’s not expected to slow anytime soon. By 2020, River Oaks is expected to add 2 million new square feet of retail space in El Paso.

Mimco, another large El Paso retail developer, is also building new shopping centers. And, according to the company’s president, these spaces are being filled as quickly as the shopping centers are built. Mimco has already built two 100,000 square foot shopping centers in the area this year.

Job Growth Also Expected To Increase

An increase in all this new retail space also means an increase in new jobs. The retail space created by River Oaks alone this year could lead to the creation of approximately 1,200 new jobs!

Job growth in the area has not only given rise to outstanding economic growth in the area, but also a number of city-wide improvements. For example, a new one-million-square-foot medical center is expected to open its doors in 2016, employing 4,000 people. As a result, social service and construction-related job opportunities are expected to grow also.

Owning Property In West Texas

If you’d like to join this booming economy and are looking for property for sale in west Texas, contact Texas Ranch Deals. Texas Ranch Deals is a premier land development company specializing in the sale of large, affordable tracts of land close to El Paso. These properties are suitable for ranching, farming, hiking, or building your dream home. These properties are located just far enough away from the city for you to be able to enjoy the area’s natural beauty and unspoiled setting on a sprawling spread, while still being close enough to enjoy the outstanding retail shops, job market, restaurants and cultural activities of El Paso.

For more information, get in touch with one of Texas Ranch Deal's land specialists today by calling 888-777-2759 or by visiting them online at https://www.texasranchdeals.com/.