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.
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.
A data services firm is relocating its headquarters from Las Vegas to Dallas, according to reports, underscoring the continued strength of the Dallas office space market.
Austin has become a haven for young workers and entrepreneurs enamored with the prospect of living an urban lifestyle in the heart of a burgeoning city. As a result, local real estate continues to climb in value, putting landlords who own commercial real estate in Austin in a position to benefit.
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.
Well now it's official. You've known it was coming for years, but you weren't sure who exactly would be looking and through what vehicles the search would be carried out in. Commercial Real Estate is a funny business. For an industry so lucrative with billions of dollars switching hands every year, it seems to be very slow to adapt to change and technology. Most experts (real estate professionals who understand digital marketing and the technology behind online advertising) say that the residential side of real estate adopts changes in technology faster than the commercial side, and is about 3-8 years ahead of commercial when it comes to adopting technology and using it to increase productivity and source prospects.
As if it needed any more validation after getting voted as the 2011 2nd best-selling mater planned community in the United States, The Woodlands keeps getting good news on the commercial side as well. Anadarko recently announced plans to add a second office tower next to its headquarters on Woodlands Parkway. The new tower will hold 550,000 square feet of class A office space and will rise 21 floors above the 10 story parking garage it will sit on. We can certainly assume that the new tower will be constructed using state-of-the-art energy efficiency practices LEED certified. Based on the rendering, it looks like it will be gorgeous.
We had the pleasure of touring CultureMap's Houston office space, located on Wood Street in East Downtown. Given CultureMap's hip and trendy vibe, our expectations were high and the offices did not disappoint. With hardwood floors and the sun shining through the windows, the space has a happy, warm tone. The main area of the space includes a spacious open room for the writers to work and a large kitchen, where almost any meal could be prepared. In the back is the living room type set up with great artwork and great looking (and very comfortable!) furniture. We finished off the tour in CultureMap CEO Stephen Newman's office and saw why CultureMap is inspired by great design.
This week we are featuring the offices of SnapStream TV Search, a television monitoring solution that lets you search, clip and save everything you can possibly record on TV. Jon Stewart from The Daily Show uses them to track news throughout the day and find clips for their shows. You can imagine without this technology how burdensome that process would be!
The United States' population is increasingly becoming centralized in major urban areas, including the Los Angeles, New York City and Austin metropolitan regions, according to new federal data. Patterns of growth may affect the level of commercial real estate leasing activity in particular parts of the country.
The buildings that once housed the East Austin headquarters for Motorola and Freescale Semiconductor are now likely to provide Austin office space for rent to local Austin business owners.
Businesses around the country have heard the drumbeats of cloud computing technology and, for the most part, many have responded by making investments in technology that help more workers perform duties remotely.
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.
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.
This week we feature the offices of Frankel Building Group, an award winning Houston custom home builder. Located in the heart of Tanglewood, this family business is run by President Jim Frankel and his two sons Kevin and Scott. Considering their reputation for building exquisite custom homes, we expected their headquarters to be pretty impressive and it certainly didn't disappoint.
Any business whose lease is up within the next few years needs to begin its office space search several years in advance, particularly if it is attempting to acquire a location in the highly competitive New York City market. When the largest software company in the world needs to plan for a new location that has at least 200,000 square feet of space, that search becomes all the more challenging.
As previously reported on in this blog, New York is the new place to be for technology companies, and Sony has no intentions of being left behind in the search for New York City office space as it hopes to bounce back from a record $5.7 billion loss in the last fiscal year, which ended in March.
This week we show you the Jacksonville headquarters of Hashrocket, some of the developers behind TheSquareFoot and many other awesome Ruby On Rails websites. Known as one of the premier development firms of its kind nationally, Hashrocket's Jacksonville, Florida office sits right on the beach (in Jacksonville Beach) and has a ton of natural light and wide open spaces. This is a great example of an office space fitting the company and its ethos perfectly.
Real estate observers in New York City were encouraged by recent reports that financial services corporation Morgan Stanley would expand its commercial real estate lease at One New York Plaza in Manhattan. While that company's expansion may have been a sign of an improvement environment for New York office space leasing activity, experts say the local market has still been stifled by the challenges faced by several Wall Street businesses.
If your company is preparing to move to a new office building, it’s prudent to keep in mind what you might want to do in terms of building out your office space. Landlords have different approaches toward how they will reimburse you for this kind of work. Expect your real estate broker to handle the negotiations with your landlord.