Overview of the office market in Texas

According to a recent Cushman and Wakefield report, the office market in the Lone Star state is robust and has been marked by a consistently high demand for Class A space and an expanding occupier base. This is particularly true of the Dallas-Fort Worth area, where a thriving job market has prompted several corporations to relocate to larger premises.

Towards the end of 2014, average vacancy rates in this area had dropped from 17.9 per cent to 16.6 per cent, thus reaching their lowest levels since 2010. By the end of Q4 2014, more than 13.8 million square feet had been leased or sold in the Dallas-Fort Worth area.

Strong demand in this area is also reflected in the speculative development pipeline, where 65 per cent of the more than 6 million square feet of office space under construction has already been pre-leased.

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The city of San Francisco is one of the top business hubs in the Americas. The local business community is among the most vibrant and successful at global level, partly due to the huge pool of talent available in the city and its surrounding areas. A large number of Fortune 500 companies are based in the area, and business opportunities exist for enterprises operating in a wide range of sectors, from aerospace to health care and including electronics, consumer goods, retail, and telecommunications.

The undeniable appeal of San Francisco as a business location has attracted hundreds of prospective entrepreneurs to the area. If you are considering setting up a business in San Francisco, take a look at our detailed guide to commercial property in this thriving Californian city.

Key Trends in the San Francisco CRE Market
For the past two years, the local commercial property market in San Francisco has shown a variety of healthy indicators.
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Offices.net has been relaunched with an entirely new look and feel.

The newly redesigned site showcases office space available across the United States, enabling businesses of all sizes to find workspace quickly and easily, and to obtain prices and tour available buildings at no cost.

A large part of our focus has been on the site’s new streamlined front-end design, which has:
* simpler navigation,
* clearer mapping systems,
* and upgraded search tools

The changes are much more than skin-deep, with new content and areas all put at the user’s fingertips.

We are proud of the new site and believe it is smarter, easier to use and faster, and will provide a better user experience than ever.

With inventory in 43 states and the District of Columbia, Offices.net fills a vital role in helping people find the right space to establish a new business or grow an existing one. Access to the site is free, and users are not charged for quotes and information. Tens of thousands of companies have used the site to find serviced and conventional office space.

We anticipate that the demand for affordable, flexible office space will continues to increase. While conventional office space with long-term, fixed leases continues to dominate the market, there has been an increase in demand for the turn-key, quickly set-up and flexible approach to office rental that is best provided by serviced offices and executive suites. This is clearly visible in areas like New York, Texas and California, and it is a trend that is increasing in other states in the US.

We hope that you will find the new Offices.net website useful in your search for the ideal work space.

Please let us know what you think, we’d love to get your feedback.

For several decades, Houston has been considered one of the most successful economies in the southern United States. In fact, and according to Forbes, Houston is the third best place to do business in the country. The city’s bustling and highly diverse economic scene is largely driven by the energy industry, and other important sectors include manufacturing, research and development, aerospace, information technology, and health care.

Being one of the most important corporate centers in North America, the city of Houston is well equipped to accommodate the real estate needs of existing and prospective businesses. This article looks at the most important trends affecting the commercial property market in Houston, having a special focus on the office market.

Key trends and developments in the Houston commercial property market

Generally speaking, over the past five years the Houston commercial real estate market has been characterised by high activity and construction levels and by increasing absorption rates. By the third quarter of 2014, the local market had absorbed 4.4 million square feet of office space, and by the end of the year a further 17.3 million sq ft of space were under development. The vast majority of new office developments were geared towards the needs of the energy sector, having a significant amounts of floor space being built at the city’s ExxonMobil campus and having a large number of pre-lease transactions closed by multinationals like BHP, Shell, and Nobel Energy.

Due to increased demand, citywide rental rates have been steadily climbing, and during 2014 alone they grew by an average 10.6 per cent. Higher increases were evident in commercial properties in the city’s business district. Vacancy rates have decreased from 12.9 per cent in 2013 to 11.9 per cent in 2014. While year-on-year leasing activity levels decreased during 2014, the figures are set to increase once again during the following 12 months. Read the rest of this entry »

Due to the expansion of the technology industry in California‘s Silicon Valley, office occupancy has increased in the last year, which is good news for real estate agencies and office space providers.

According to Colliers International, forecasts show that office space and research facilities could increase by five million square feet this year, which would be in addition to the three and a half million square feet increase in office and research space net occupancy in 2011.

The technology companies who are leading this expansion in Silicon Valley include mobile application businesses, cloud computing providers and social networking companies. It is hoped that the technology surge is only just beginning, and that 2012 should bring another strong year for commercial leasing.

According to Colliers International, office space vacancies were down from 16 % at the end of last year compared to 20.2 % in 2010. In addition research and development space vacancies were down 13.7 % at the end of last year, down from 16.2 % in 2010.