Having just completed a survey of “loft” style offices in Houston, Eric Hughes at Centermark Commercial Real Estate, updated LeaseOfficeHouston.com on his findings.
Unlike cities with historically more utilized and residential central business districts, Houston falls well behind many others in its offerings for converted historic buildings or even newly built facilities which possess the open ceiling, loft type feel. Centermark recently assisted a boutique oil and gas accounting firm based out of San Francisco with its task of locating unique, but professional, office space for lease in the Houston area. The search brought out some interesting facts. Relative to its total available square footage, Houston has very little loft style office space…especially when compared to New York, Chicago, Boston, Seattle, Denver, and San Francisco and others in the northeast U.S.
So what are the options? As of the date of this post, some of the best options up to around 15,000 SF seemed to be downtown at 405 Main, 917 Franklin or at the Vine Street Studios. Main and Franklin are historic buildings with great access to restaurants and light rail. Vine Street is more eclectic, with very high exposed ceilings and a warehouse feel. Vine has few near by dining options and may be too close to the industrial area for some. For those with an artsy or bohemian flair, it is probably perfect. Parking is free at Vine and can be expensive at the Main and Franklin buildings…$160 to $200 per space/month.
Other open concept, newly constructed buildings, are offered on Washington Avenue just West of Downtown and out in Sugarland, in the Woodlands and at City Centre in the new life style centers.
Rates for the Downtown properties run between $19.50 to $25.00 PSF per year grossed up. The newer properties on Washington and at the lifestyle type centers will run from $27.00 to $42.00 PSF per year full service.
If you have any questions about office space in the Houston area please call Eric Hughes at Centermark Commercial Real Estate at 713.461.4750. Eric is a commercial real estate broker and a 20 year veteran of the office and industrial commercial market in Houston.