Office Space Of The Week - RedHouse Associates

This week we're featuring a really unique space in the Houston Montrose area, where RedHouse Associates makes it home.  Literally a red house, this Houston city landmark has been completely renovated on the inside and serves as the base to Houston's premier startup Incubator - which provides strategic advice and services to assist young companies in developing business plans, devising product strategies, growing sales organizations, and preparing senior management teams for raising capital and strategic exits.

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Lending for commercial real estate increases in Q4 2011

For the first time since 2010, U.S. banks committed more in lending to commercial real estate projects than they did in the previous quarter, according to a national report. With improved access to financing, more businesses may have the financial backing needed to consider securing office space for rent in top metros such as Dallas, Houston or New York City.

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NAR: Job growth leading to fewer vacancies

Real estate experts have long tied the industry's fortunes to the strength of the nation's job market, and now many say the right type of growth is occurring to positively effect several corners of the market - including commercial real estate.

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Office Space Of The Week - SupportChoice, Inc.

This week we are featuring the offices of a young Houston startup company, SupportChoice, Inc.  Located on North Post Oak Rd. near Uptown Park, SupportChoice Founder and CEO Taylor Pipkin and his staff provide on-demand computer support via remote desktop control technology.  Offering a host of services, SupportChoice is a great resource for those in need of technical support with the click of a button.

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Co-Working Has Experienced Explosive Growth - But Can There Be Downsides?

After reading a recent article on the dark side of co-working, we thought we would chime in. It comes as no surprise that co-working is starting to see some backlash among small businesses and contractors. As a relatively new solution to traditional office space in the U.S., co-working has taken off like a wildfire. If you are on either the west coast or east coast and involved in commercial real estate or you are looking for real estate – you certainly have seen all the cool, open, innovative co-working solutions. It is starting to pick up everywhere else, but it seems the coasts have taken the lead.

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5 Mistakes Businesses Make When Leasing Space

When visiting with small business owners about how their company’s office space plays a role in the business growth and culture, there’s typically a common theme that rears it’s ugly head: too many mistakes are made in the leasing process.  Owners and decision makers often make several key mistakes that can end up costing companies significantly down the line and can even cripple their growth rate.  Because office rent is the second highest expense the vast majority of companies incur, doing things the wrong way leading up to signing on the dotted line can be devastating and can make any  business owner go crazy!

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Starbucks Is Getting Saucy, What Liquor License Issues Do Retail Tenants Run Into?

There have been a few stories that have come out recently saying that Starbucks will begin selling beer and wine at locations in several major US markets by the end of 2012.  Starbucks began testing the concept in some of it's Seattle home based locations back in late 2011, and is planning on implementing the sale of beer and wine in cities like Atlanta, Chicago, and a few cities in Southern California soon.  Word has it that they will start testing the concept in 4-6 locations in each of those markets and go from there.  Seems as if Starbucks is attempting to become more of a true cafe, serving coffee, tea, beer, wine, to go along with pastries and Panini's. There are no immediate plans to expand the concept into any of the major Texas cities, but that could certainly change after seeing a positive response in some of the test markets.

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The Haimish Line and New York Office Space For Lease

The always awesome Mark Suster posted on New Years his new year's resolution to spend more time on "the right side of the Haimish line" which is a term that was coined by David Brooks here.  I highly recommend reading both Suster and Brooks in their entirety as this notion of the hamish line it is a great way to have a more fulfilling year.  I agree whole heartedly in getting out in the mix.  It's why I try to strike up conversations with those around me where ever I am.  There is always something new and interesting to learn from others.

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Office Space Of The Week 2012 Edition - Infinity Power Partners

For our first 2012 installment of office space of the week, we are featuring our friends over at Infinity Power Partners, an energy-consulting firm for large consumers of electricity or natural gas.  Located in Three Post Oak Central in the Galleria area, Infinity's execs have matched a Galleria corporate & budding energy business culture with their love of big game hunting and flat screen TV's.  When it comes to office space in Houston in the Galleria area, Infinity Power Partners has just about the best location possible with it's close proximity to 610 and all the Galleria retail that's within walking distance.  Oh, and the views aren't too shabby either....

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What Do Office Tenants In The Garden State Want Most? FOOD ON SITE.

It's always interesting to compare commercial real estate leasing trends from market to market.  Different cities and regions produce unique leasing landscapes and a tenant leasing office space in Houston Texas may value certain amenities differently than a tenant leasing space somewhere on the East Coast.  According to a recent article in Globe Street, CBRE sent an anonymous survey to decision makers of more than 100 large tenants across the state of New Jersey ranking the most important "must-have" amenities in an office building.

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Common Misconceptions About Leasing - Landlords Charge More For Using A Tenant Broker

We hear it all the time.  Prospective tenants are sometimes wary about using a tenant broker because they think A) there is a fee involved, B) the broker may not be a market expert and know the best options available, and C) landlords charge higher rent for tenant who use a tenant broker to sign a lease.  TheSquareFoot has certainly addressed A and B ad nauseam, and we need to flush out C just so everyone is clear on how the system works.

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TheSquareFoot Agent Lance Gillam in GlobeSt

One of our Houston retail brokers, Lance Gillam of UCR moodyrambin PAGE, was quoted in GlobeSt yesterday talking about current trends in Houston retail space leasing.  It is interesting to see the dichotomy between class A retail space--where there can often be a waiting list--and class B and C space where vacancies abound.

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Houston Retail Space of The Week - Sushi Pop

Recently we took a break from our efforts of bringing efficiency and transparency to Houston small businesses and entrepreneurs who were looking for space for their business. We ate at Sushi Pop located across from Memorial City Mall on I-10 and Bunker Hill because we had heard good things, and knew it was owned by the same group as Azuma and Uptown sushi. The sushi was delicious but we were surprised by the fantastic build-out and retail space. The inside was meticulously decorated and felt open and inviting. It is usually difficult to find a reasonably priced sushi retail establishments in Houston, which has awesome food and also great restaurant space, but Sushi Pop has our seal of approval!

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Office Space Of The Week - Green Business Bureau

This week TheSquareFoot is featuring the office of Green Business Bureau, which aims to aid companies and organizations to become environmentally friendly or "Go Green".  Green Business Bureau believes that not only can green business practices and processes help protect the environment, they may also help a company improve its bottom line.  We thought this was an awesome concept and wanted to check out the hub of this exciting Houston-based venture first hand.  Located on the second story of the building housing Brian O'Neill's Pub, this unique setup for a Rice Village office in Houston looked ideal for a company full of so many young faces.

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Startup Weekend Houston - TheSquareFoot's Intro Into The Entrepreneurial Community

It doesn't seem that long ago when I attended Startup Weekend Houston in February, and really caught a glimpse of what the startup scene was like here.  TheSquareFoot was a brand new idea then, and I was excited to attend an event like this for the first time.  I remember being nervous walking in because A) this would be the first event I attended of its kind, B) I didn't know ANYONE, C) I knew I would be pitching for the first time in front of a large audience, and D) I had no idea what kind of feedback I would get on our concept. Most people outside of the industry don't know much about commercial real estate leasing, and it's almost impossible to make it seem like a glamorous business.

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