Have you ever rented commercial space in a retail center? If you have, you know how many moving parts there can be in locating the best options, securing the space, and then modifying it to your business's needs. If you haven't ever rented retail space, we've created this fun infographic that lists most of the steps and the time frame each can take. We thought using the most popolar board game in history as the backdrop seemed like a no brainer!
With Fresh Markets, Trader Joes, Central Market, and Whole Foods adding Houston locations, it creates a large impact on Houston retail space. A few tidbits about the infographic on Houston specialty grocers -
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.
Since Trader Joe's just opened a new store in The Woodlands and is in the process of opening another store in Upper Kirby, it was an opportune time to see how big Trader Joe's really was. The Houston retail real estate Trader Joe's uses is 14,000 square feet on average, which is 40% bigger than their average store size (10,000 square feet) across the country. This is an interesting departure from the norm, since many feel Trader Joe's competitive advantage comes from its small store size.
For the next generation of workers, an office space is much more of a destination location than it was in the past. Businesses that hire Millennials have likely found that if they design an office lease that is conducive to collaboration, they are better able to attract and retain these younger workers.
Are you starting a new company and in need of a place for your headquarters? Perhaps you have an established company that is starting to do very well and you want to move to a new and improved location. In such cases, you will want to consider looking for executive office suites in Houston to make a good impression.
Where is there Office Space in 77008 available in Houston?
What Houston Executive Suites in 77024 are available?
Office subleases in downtown Houston can be very difficult to find, but there are no shortage of them. Many companies lease large office spaces in Downtown Houston and end up with more space than they need.
As regular readers of TheSquareFoot know, Houston's economic success is tied closely to the growth of the energy industry. In fact, that market's resilience during the recession is one of the primary reasons that Houston has been able to emerge from a national period of economic struggles far better than many other cities.
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.
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.
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 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.
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.
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.
Think companies based in retail space for lease in a shopping center are always relying heavily on walk-in traffic? Think again. 2nd MD, a web based health care service that allows users to have face to face video consultations with medical specialists, is currently located in the shopping center at 2538 Briar Ridge Drive, Houston TX 77057 just west of the Galleria.
We're excited to show you the offices of Chaione, Houston's premier mobile app development shop and active contributor to the local start up scene. Located in the 4900 Woodway Building, this 5000 plus square foot office space has some of the best views of downtown and the Galleria the city has to offer.
These are very exciting times at TheSquareFoot. We soft launched our new product last week, we hired employee numero uno, and just this week we relocated our office space to the second floor of New Living in Rice Village. We are now officially coworking in Houston!
The commercial real estate market in Houston has attracted businesses far and wide, in part because of the region's favorable jobs market and steady economy. At the same time, new construction has not progressed to meet increasing office space demand, creating a dearth of available properties at a time when more businesses seek office space in Houston.