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Trying to find the ideal executive office suite or commercial office space in Houston, Texas is often times an exhausting and tedious process. The current economic times in which we live has made for a tougher business climate and has made it necessary for all businesses (or individuals like consultants, online advertisers, IT technicians, etc) to find the ideal commercial office spaces with the most value. Officespaceheaven.com offers a free service and has a proven track record to help any sized business be successful with their search for commercial office space. The fourth largest city in the state of Texas is Houston. The greater metropolitan area has blossomed to upwards of 5.9 million residents. The city has a rich history and tradition that dates back to the 1830’s and was incorporated and named after the President of the Republic of Texas, Sam Houston. At the turn of the 19th century the city served as a major port and centrally located hub for the railroad industry. When oil was discovered in 1901 the city surged in population and attention. Some areas we service in the Houston Metropolitan area are League City, Piney Point, Sugarland,The Woodlands, and Westchase. We also provide office space in San Antonio, Dallas and Austin.
Office Space Rates
The greater Houston area has a large amount of office space opportunities ranging from $2 to $2.25 a square foot for smaller spaces and lower prices of less than $1.79 a square foot for 3,000 square feet. Prices may vary depending on floorplan type. Houston office space mostly consists of large warehouses, retail space, temporary offices, executive suites and fully furnished suites. Many opportunities come with retail adjacent options in busy areas. The area has an office vacancy rate of 13.5% but has dropped from a 20% office vacancy rate in January 2010. Due to these high vacancy rates, tenants are advised to negotiate lease agreements and prices prior to move in. More supply than demand is making it an opportune time to lease Houston office space. See our office space articles for more info.
The economy of Houston is mixed with a lot of different industries. The city has become a major recognized center for energy and renewalable energy research. It is among the top cities in terms of energy companies with major corporations calling it home. Some of the major companies that call Houston home are Exxon-Mobil, ConocoPhillips, Shell Oil, and BP just to name a few. The greater Houston area is also one of the leading cities in regards to oilfield equipment production. The other industries in the area rival many other companies and it is also a major head for private-sector jobs. Roughly 42,200 private sector jobs in the area were energy related and even the numbers were even better in 2008. The unemployment rate has been recorded to be lower than the National average with a job growth rate at around 2.8%. In recent months the unemployment rate has risen to upwards of 7.4% but has started to plateau. The area has a lot of new commercial developments including many commercial real estate options and office spaces for those looking to expand or create businesses. Now is a great time to lease Houston office space with such a large, educated workforce available.
The local large-scale airport is the George Bush Intercontinental Airport, located in the heart of Houston Texas. It is the fourth largest airport in the United States and sixth largest in the world. It was previously known as the Houston Intercontinental Airport when it opened in 1969 but was changed in honor of the 41st president of the United States. The local crime rate has been ranked as 46th in the U.S. with a per capita rate of 16.3 murders per 100,000 people. The area has been fighting crime and the rate has been on a decline as it has in a lot of other areas in the U.S. While the greater Houston area still has a large hub of grand theft auto, drug trafficking and violent crimes, law enforcement has been fighting to bring it down. The city has some safe spots but there are still areas of violence and crime that can rival many other large cities. Houston is a great place to grow a business, start a career or obtain a higher education. Like many other cities, the area has its problems with crime but not nearly as bad as in earlier years. So if you are trying to lease Houston office space please see our website. We provide listings and pictures for all types of office space in the Houston metropolitan area. We offer a free service so visit officespaceheaven.com today. We’ll find the commercial office space your company is looking for.