The real story of where the deals are to rent office space at a discounted rate lie in the submarkets.
We’re going to take a look at 1314 Texas in Houston’s Downtown market. For years, this has been one of this market’s most affordable buildings at a gross rental rate of about $13-14 per foot. When you look at a 10 year average you can see that 1314 Texas really has not budged. You want the buildings that have a stable rate and buck the trends and don’t try to keep up with the investment grade properties in major markets.
A few years ago I put a growing law firm here that was very particular when it came to office space because they wanted immaculate finishings but did not want to pay the downtown rates.
He’s been there for the last five years, and because of the rate that we found him here compared to the market, he paid $80,000 less over his term than he would have.
In order to really capitalize on the best buildings to purchase or lease, you need to look at each building in that sub market.
Contact James! 832.493.3377 firstname.lastname@example.org The Northwest Corridor is the territory from the 6-10 loop and fans out west between 290 and I-45 about halfway to beltway 8. This is by far [...]
Close up aerial video of the flooding at the intersection of 249 Tomball Parkway and Cypresswood -- Kroger (10010 Cypresswood Dr, Houston TX, 77070) Willie's Grill & Icehouse, Subway, Wing Stop in Northwest Houston, Texas as of Tuesday [...]