Large, sprawling commercial developments like The Galleria often rely on high-end department stores to function as anchor locations and draw consumers to the area. The developers of a new Galleria office space building set on Post Oak Boulevard, in the heart of Uptown Park, are going a slightly different route, opting instead to use high-quality restaurants to attract customers.
The BBVA Compass Plaza, which should open next spring, will feature Hugo's (8,000 square feet) and the Mockingbird Bistro (4,000 square feet). The hope is that both of these restaurants will attract business people looking for a lunchtime spot.
And there should be plenty of these business professionals on site. The building still has room for many more tenants seeking Houston office space - about 40 percent of its 312,000 square feet of space has yet to be leased. When the tower opens, it will become the first new building in the Galleria area in three decades, according to local news source CultureMap.
"The office space market in the Galleria area softened as downtown, the Energy Corridor and The Woodlands," the website reported. "Starting a new office building was not viable - most office buildings were just struggling to hang onto the tenants they had. So the land remained fallow."
As these spaces fill up, tenants will have every opportunity to design an office that is ideal for their unique needs - build-outs and ugly paint jobs requested by prior tenants will not be an issue. With this in mind, office space designers may want to consider the advice of Fast Company, who suggested creating a smaller, but smarter office space.
The news source suggests that since the average office space is only 70 to 80 percent full on any given day, companies should not necessarily feel pressure to lease large locations just for the sake of doing so. Employees can work virtually nowadays and open areas take up far less space than cubicles, so a smaller Houston executive office suite may be sufficient.