Office rental prices could make reasonably priced homes in Houston an appealing option
Bringing your home business to Texas can be difficult, but finding affordable real estate in Houston is easy. If you run a home-based business, you can enhance your operations by moving closer to the city. In fact, you can rent office space to relocate your organization to the fourth-largest city in the United States.
Rental prices have fallen across the country since 2011, according to national real estate forecaster Reis Inc. The average rent has dropped from $22.66 per square foot to $22.20 between 2011 and 2012, according to Bloomberg.
However, Houston office rental prices have increased 2.5 percent during that time, an indication that more businesses may be looking to rent space in the area.
This can help you in several ways. The news source notes that job growth is gradual across the country, but employers have shown an inclination to rent office space in Houston.
"Technology is growing faster than any other industry and those companies are willing to pay a premium for locations that will attract employees," Bill Goade, chief executive officer of Boston-based tenant representation firm Cresa, told the news source.