Following up on our story about the possible future of the former site of Astroworld, we thought it was worth mentioning another tidbit of news we found exciting. This could be huge. Several commercial real estate insiders have told us that Top Golf, the awesome golf driving range concept with stateside locations in Dallas, Chicago, and Northern Virginia is on its way to the Greater Houston area in the near future. They also have several locations in the United Kingdom.
Since closing in 2005, the site of the former Six Flags: AstroWorld amusement park has sit unused and all but forgotten. The park's 104 acres have traded hands in that time - a 2010 report from the Houston Chronicle noted that a Fort Worth investment firm purchased it solely for its appreciation value.
If cost were of no concern, most business owners would probably prefer to operate out of a new, state-of-the-art commercial space. As always, though, cost considerations must always be taken into account and Dallas office space is no exception to the rule.
Texas cities have long been attractive to small businesses owners, which may be more true now, as real estate experts in the Austin area have reported that the office market is seeing many commercial spaces receive tenants.
Another report on the commercial real estate picture in the United States points to the continuing demand for new office and warehouse spaces driving up office leasing activity in key markets around the country.
Small business owners with intentions of operating in the South should look no further than Austin, Texas, which continues its three-year reign atop The Business Journals' rankings of best southern cities for these organizations. This should spell good news for providers of Austin office space.
The burgeoning oil and gas market in the Houston area continues to push ongoing commercial real estate development and encourage new investments in local infrastructure. Now, one real estate team has announced plans to construct a 20-story tower west of Houston to house additional office space to serve this sector and others.