“Houston is a really important market for Compass and we are making a $20 million investment in our presence to further enhance how we support our agents,” Compass founder and CEO Robert Reffkin said in a news release. “Our expansion plans in the Houston market mirror the incredible growth of our nearly 500 agents and their team members as they guide their clients through the real estate process in the fourth largest city in the United States.”
A temporary office in the Woodlands opened in February, but the firm is looking for a permanent presence. The Memorial office will open in early 2021 at 12525 Memorial Drive, Ste. 350, Houston, in Midway’s Memorial Green development.
As of Sept. 1, Compass had handled $1.3 billion in transactions in Houston this year, and it is ranked No. 1 in market share by active listing dollar volume in the Houston area, according to the news release. Compass began working the Houston market in 2018.