For a time, businesses that acquired Houston retail space for lease did so without much competition and benefited from the city's relatively unnoticed rebound from the recession.
When new Houston office space development is planned, building owners may consider searching for tenants who are willing to sign a lease agreement before construction is completed. In Houston, this practice is becoming more common.
Office spaces have evolved tremendously since the days of whitewashed corporate offices with a cubicle for every employee. When some managers felt they needed to encourage teamwork in the workplace, many tore down cubicle barriers, while a largely employee-led desire to operate on more flexible schedules transformed coffee shops and homes all across the country into remote offices.
New and old unite in the Upper Kirby area of Houston - for every new mixed-use development that springs up, the region's historic neighborhoods have maintained themselves, acting as a sanctuary away from the bustle of other sections of town.
Just as an urban-dwelling bachelor living by himself does not need a seven-seat minivan to accommodate his transportation needs (it's hardly a glamorous ride anyway), a recently launched startup with a bare-bones staff is unlikely to need a sprawling Houston office space with room for 40 employees.
Frozen yogurt hub Pinkberry has opened its third Houston retail space, this time in the Highland Village area just inside the Interstate 610 loop.
At 2066 Crist Drive, in Los Altos, California, a nondescript ranch home still stands in a suburban neighborhood not unlike many others across the country. For technology enthusiasts, though, the home is their mecca - it is where Steve Jobs and Steve Wozniak toiled for countless hours, eventually pioneering the first Apple computer.
Moving to new Houston office space is an exciting time for any business, as it represents a company's continued financial stability. Of course, the move itself requires strategic planning and careful execution, particularly when it comes to relocating information technology (IT) equipment and networks.
As one of Houston's major cultural hubs, the Houston Museum District and its many neighborhoods - including Montrose - is a sought-after destination for residents interested in artistic pursuits and intriguing cultural attractions. And while the district boasts attractive Houston executive suites and office spaces, its biggest appeal may be to Houston retailers that want to situate their business in one of the city's most trafficked corners.
In their professional lives, employees have a set schedule that helps them to be successful everyday. Call it the "daily grind" if you must, but the fact is, day-to-day repetition of commutes and workplace activities help employees stay organized the more second-nature they become.
When choosing a Houston retail space for lease, a company first needs to answer one question about itself - is it a destination location or will it require a high volume of foot traffic (and random walk-ins) to succeed? According to Yahoo contributor S.H. Wallick, the answer to this question will determine whether a business needs to position itself in a high visibility area.
The magic number that business owners should keep in mind when planning a Houston office move is six - as in, the number of months it should take from the time a search begins until the doors to a new office are opened.
The promotional slogan of Uptown Park Houston- "Where You Can Have It All" - is entirely attainable, given the abundance of Houston executive suites and office spaces, along with residences and businesses in the area. As one of the premier business districts in Texas, Uptown Houston is a destination spot for business professionals and consumers alike.
As we wrote yesterday, improving cash flow is the Holy Grail for recently launched business ventures. Cost savings provide financial flexibility to business owners, but as with anything, trimming costs always produces secondary issues that must be addressed.
The costs of starting a new business fall into two primary categories - one-time launch-related commitments (office equipment, consulting services) and ongoing expenses (office space lease payments, salaries, insurance). With cash flow a constant concern for Houston businesses, one strategy for boosting their financial capital is shifting up-front launch expenses to monthly costs, which is why some businesses may opt to lease office equipment or enter a short term lease with one of the many Houston executive suites.
Houston is one of the largest cities in the United States and is also an anchor to one of its largest metropolitan areas, with its suburbs expanding well beyond the Downtown Houston area. This allows business owners an abundance of opportunities to grow into new Houston retail space for lease.
With Labor Day set to mark the (unofficial) end of summer next weekend, families across the country are cramming all they can fit into pickup trucks and U-Haul vans as they move their children to college and, in some cases, new city dwellings.
We had the pleasure of visiting PKF Texas last week. We loved the energy and vice of their office space. One would typically think of an accountant's office space as somewhat dull and bland, but this was anything but!
In the 1920s, the son of a former Texas governor bought 200 acres of land adjacent to a Houston-area country club, helping to sow the initial seeds of the development of the River Oaks community. With these luxurious roots, it's not surprising that River Oaks has evolved into one of the most affluent neighborhoods in the country.
In the Houston area, a rapidly declining unemployment rate and a swelling economy has transformed the city from a stalwart of the energy industry (which it still remains) to one that is able to support companies in a diverse cross-section of industries.
All businesses new to Houston require at least two vital resources to thrive - an ideal retail or Houston office lease and a deep talent pool to draw from as new jobs are created.
This week's featured NYC office space is the home of Enterproid, the creators of an enterprise mobile platform called Divide. It is literally the greenest office I have ever been in. Their company color is green and it is everywhere from the walls to the bean bag chairs to the color of the cotton candy. In case there was any doubt how serious they are about their color scheme, everyone who works there is given a green watch. Nice company schwag!
Long-time Houstonians likely remember Magic Johnson as the Los Angeles Lakers Hall of Fame point guard who, despite his impressive resume, lost twice to the hometown Rockets during the 1980s. Since his retirement, Johnson has continued to support the city of Los Angeles, as evidenced by his recent ownership stake in Major League Baseball's Dodgers, but now Houston too may be benefiting from Johnson's leadership.
Houston's office rental market could soon receive a boost in the form of a new multi-use facility just outside of downtown, near Buffalo Bayou in the East End.
The rate of absorption in the Houston office market continued to improve in the second quarter of this year, led in part by strong activity in the metro area's burgeoning energy industry. The market's vacancy rate also fell as more energy firms sought office space for rent in Houston.
Houston's economic success is thought to be attributable in large part to its energy industry, but when any economy grows 8.6 percent in one year, there must be many other factors responsible for those gains.
For 20 years, Houston's Town & Country Mall went through alternating periods of boom and bust, before finally closing in the mid-2000s. Since being torn down and replaced by the CityCentre shopping mall in 2009, the area has undergone a resurgence, led in part by the availability of retail and office space for lease.
Does it make sense for business owners who rent office space in Houston to keep renewing short term office space leases when the city continues to remain one of the fastest-growing metropolitan areas in the country, and a long-term investment is likely to be just as beneficial? Following Forbes Magazine's recent naming of Houston as the "America's Coolest City," its profile continues to tick upward.
The Houston office space market just became less certain following news that one of the city's most recognizable buildings is available for sale.
In the spirit of the 2012 London olympics, we at TheSquareFoot wanted to come up with our own version of office space olympics.