Are you ready to find a commercial space for rent in Houston but need help figuring out where to start? This guide can help you navigate the commercial real estate landscape with precision and confidence.
The Bottom Line
Moving into a commercial space for the first time or moving into a new space can be a huge step for your business. However, knowing what to look for in a commercial space for rent in Houston can be challenging. There are many factors to consider when choosing the right commercial space for your business, including location, size, budget, lease terms, amenities, and market conditions. You want to choose a space that inspires your team without hindering economic growth.
Why It Matters
Houston is a great place to start and expand a business for several reasons.
Startup and Business-Friendly
Since Texas doesn’t impose corporate or personal income taxes, operating your business in Houston can leave you with more funds to invest in business growth and recruit top talent.
Relative Affordability of Commercial Office Space
Renting office space in large cities like New York City or San Francisco can cause your overhead costs to skyrocket. Houston can provide your business with the benefits of a major metropolitan area without the price tag.
Abundance of Talent
Houston has seen a population boom of 20% since 2010. As more people move to the area, your business can capitalize on top talent, taking advantage of the city’s tax-friendly policies, affordable living, and culture.
Here Are the Details
While your list of criteria will depend on your unique business needs, the following are some common things to consider when looking for commercial space in Houston.
Define Your Business Needs
Assessing your business needs is important before signing a lease on a commercial space. How much space do you need? Do you need a space that’s easily accessible to customers? What are your must-haves and nice-to-haves regarding facilities, amenities, and features? Be sure to consider:
- Budget: How much can you afford to spend on rent? Setting a clear budget for leasing costs can help determine the financial feasibility of the chosen space and prevent overspending that could strain your business finances.
- Location: Is the area easily accessible to customers and employees? Is there parking? The location can significantly impact foot traffic and convenience for those interacting with your business.
- Foot Traffic: This enhances brand recognition and increases customer awareness. Consider whether the location can provide the necessary exposure and foot traffic to support your business’s visibility and growth.
- Size: How much space do you need? How long until you outgrow the space? Understanding your spatial requirements can help avoid the need for relocation due to outgrowing the space too quickly.
- Accessibility: Does the building follow guidelines set forth by the Americans with Disabilities Act (ADA)? Accessibility and accommodation for individuals with disabilities are regulatory requirements and essential for fostering an inclusive and welcoming environment for all customers and employees.
- Lease Type: Will the lease be structured as a full-service, net, or percentage lease? Each type has distinct implications for the responsibilities and costs the tenant bears. Evaluating the lease type is crucial in ensuring it aligns with your business’s financial and operational needs.
Determine the Condition of the Property
As you start to view commercial properties, you should ask yourself whether the space will require substantial alterations to fit your business needs. If there are renovations that need to take place or problems that need to be fixed, consider the complexity and costs involved. Does the landlord or property owner allow renovations? While even the most perfect space will typically require some modifications, you should factor in how much work you’ll need to do before making your final decision.
Assess Nearby Businesses
When choosing a location for your business, it’s smart to assess the other businesses in the area. Are other tenants on or near the premises offering the same services as you? It can be difficult to have direct competition in the same commercial space. In addition, setting up a unique shop near a bustling business center can help attract customers to your commercial space.
Finding the Right Commercial Space with RE/MAX Commercial Advisors Group
Finding the right commercial space for rent in Houston for your business might seem daunting, but with the right preparation, you can make it a seamless transition for your business. The abundance of local talent, the relative affordability, and the strategic edge Houston offers can help you propel your business to new heights. The right commercial space is more than a physical location; it’s a launchpad for your relentless pursuit of growth and excellence.
Are you ready to rent a commercial space in Houston?
We at RE/MAX Commercial Advisors Group have over 20 years of experience in commercial real estate and have closed over $168 million in transactions.
