When Houston Class A Office Space is Hard to Find, Investors Look to Alternatives
May 14, 14
The Houston office space market continues to be strong, according to a recent article from GlobeSt.com. Last year, $4.8 billion in office sales took place in the city -- through a total of 26 million square feet within 105 properties. Prices averaged around $212 a square foot. While that is an extraordinarily positive sign of the area's healthy economy, it does come with some potential issues. For example, investors are having a hard time finding a deal when it comes to Class A space, particularly in the Energy Corridor, where competition for available high-quality offerings is fierce.
With businesses needing modern features that older buildings can't provide, some are turning to Class B properties that can be renovated. In fact, older facilities that are upgraded to suit newer office demands may be the popular solution, the article stated.
At LandPark Commercial, we are experts at finding alternative options that will provide you the space you need at the property you desire. Let us conduct a needs analysis so that we can begin determining which properties might be a good fit for you. We will discover as many good options as possible and will put our negotiating skills to work to protect your needs, help you avoid hidden costs, and get you the best price possible.
Whether it's a renovated Class B space, something in an alternative area of the city that you hadn't previously considered, or even new construction, we know there's a perfect place in Houston for your business. For more information on the services we provide, contact us today.