The Fast Growing Trend of Flexible Office Space in Houston

 

Houston has become a uniquely beneficial place to base a business, big or small. With no commercial zoning, no property taxes, a booming tech sector, and one of the most multicultural demographics in the nation, there's no question that Houston is a great place for a home base. One of the biggest changes we've seen recently in the Houston business market is an explosion of flex office space.

In the past year, Houston's office vacancy rate rose by 25% according to CBRE, but flex space reached 1.4% of all office space in the city after an impressive 5% rise in flex space in the city. The total flex office space in Houston has reached 3.1 million square feet with both national and local providers like WeWork, Common Desk, The Ranch, The Work Lodge, and of course, Headquarters.

What Flex Office Space Is and Why Businesses Love It

Flex office space is a term that is relatively new to the greater business world because it's a new solution to the hybrid team question. How does a business provide consistent, welcoming, and amenity-rich office space when you have a variable number of people working on-site at any time? 

How can you prepare to not pay too much for over-large office space, but also never have too little space to expand the team, hold events, or call all-hands meetings? The answer is flexible office space. This trend grew from the individual co-working space into team suites and private office rentals in buildings designed for flexible use and sharing of facilities between teams.

Modern businesses love flexible office space because it allows for dynamic and adaptive office planning with all the amenities guaranteed.

The Exploding Office Space Market

At the end of 2021, Houston had 3.1 million sq ft of flex office space. This number rises steadily each year as ambitious co-working and flexible office companies like WeWork and Dallas-based Common Desk open new locations. We are also seeing a boom in smaller flex office locations like The Work Lodge, The Ranch, and our own Headquarters flex office all offering office space to both individual professionals and businesses looking for a flexible way to house their teams.

These spaces are especially beneficial to the businesses looking to move to Houston thanks to their low costs and their flexibility allowing for smooth growth of these businesses.

Benefits of Houston

Why start your business in Houston? Today, the benefits are undeniable. What was once a fairly conservative market has exploded into one of the most diverse marketplaces, populations, and business environments in the nation. With a 40% anglo demographic according to Texas CRES, 25% foreign-born, and 46% who speak a non-English language at home, Houston has become statistically more diverse than New York City, the original gate of the great melting pot.

In addition to the green spaces and international cuisine, you will also find no commercial zoning, no income tax,  and an easier path for startups to get their foot in the door. Houston's abundance of real estate has also led to a boom in flexible office spaces.

How Headquarters is Ahead of the Game

Here at Headquarters, we offer flexible office space at the lowest price in the city per square foot. Our leases are designed to be customized and have scaling built-in so that your business can grow in our flexible space without having to worry about hidden costs. Ready to discover the benefits of flexible office space for a Houston business? Schedule a tour with us and find out how we can help you make the most of what Houston has to offer.