Commercial Property, Management and Brokerage News to Know.

The flex space is nothing new in commercial real estate. In today’s world of co-working concepts and flexible workdays, it’s gained in popularity. But what exactly is a flex space — and what are your options if you plan to work out of (or purchase) one? We’re glad you asked. Read on for an overview of Belvoir’s real estate pros. What is a Flex Space? “Flex space” traditionally refers to a large, warehouse-style structure. A space that can be customized to suit retail, office, and warehouse needs. (Often all at once!) The building’s flexible...

The central business district has long been a corporate mainstay. It’s where a city’s movers and shakers hash out important deals. It’s a centralized spot with the eateries, transportation and office space that make day-to-day business doable. It’s a hub for many in the business community. At least, it was before the pandemic took hold. Between work-from-home orders that led many professionals to transform living rooms into office spaces — and led to closures for many restaurants and retail sites — the COVID-19 pandemic has altered the way...

American manufacturing ranks among the many (many) aspects of everyday life impacted by the COVID-19 pandemic. With the announcement of lockdown orders in 2020 came lower demand for countless products and materials. In response, manufacturing operations sold off product, lessened their output and, in some instances, opted to close shop altogether. Of course, the industrial space has always put forth a “can-do” attitude. And, as the nation continues to emerge from the global pandemic, the industrial real estate sector appears poised to offer...

As organizations look to reopen their doors in 2021, commercial real estate market trends will continue to evolve to meet the “new normal.” With vaccine rollouts and restrictions being lifted across the country, many companies are already welcoming employees back to the office. That also means increased foot traffic and the potential for new businesses to open in prime retail locations. However, research shows that up to 47% of employees would consider leaving a job if it didn’t offer a hybrid work model as an alternative to the old 9-to-5....

Commercial real estate pros have eyed building life cycle trends for years now, and cycles seem to be getting shorter and shorter. Now, in light of the pandemic, flexibility has become even more of a concern for owners and tenants alike. To remain relevant, developers are looking at new approaches to reusing historic spaces, using modular elements that can be demolished and replaced easily, and evaluating amenities that provide the best value throughout the life of the building. First up are historic buildings, which tend to have a longer...

Imagine Houston as a 15-minute city, where everything a person needs is just a quick walk from their house or apartment. The average U.S. household spends 16% of its income on transportation costs — in fact, transportation is the second-highest expense behind housing. So, it’s easy to see how much time, energy and expense Houstonians would save if everything was closer to home. The idea behind 15-minute cities has been around for decades, but it gained renewed global interest in 2019 when Paris began re-evaluating its city with urban...

  In recent years, Houston has been dubbed the “Silicon Bayou” due to enticing commercial real estate opportunities that have led tech companies nationwide to take note. In particular, a number tech firms headquartered in California, such as Hewlett Packard Enterprise (HPE), have been researching and planning relocations to Houston. Here, we break down the many reasons Houston has begun getting so much attention from the tech industry. Overall Affordability Prices to own or lease space in Houston — not to mention overall business taxes —...

Between closures of various retail chains — and others shifting focus to online sales — there has been a recent increase in the amount of available retail space for lease and sale. At the same time, doors are opening for businesses able to consider what such vacant spaces could become. Let’s review the perks and opportunities such commercial real estate buildings have to offer. Vacant Retail Spaces Can Serve as Blank Canvases There is a lot of potential contained in the walls of any commercial space out there. The challenge for many...

Office building safety has been top of mind for building owners and tenants everywhere since the start of COVID-19. The good news is, providing optimal safety — and easing the minds of workers and visitors who visit a building — doesn’t have to be a mystery. By ensuring safety protocols are in place, accessible and maintained for the building, you can help people feel confident that the places they visit are taking measures to avoid or minimize a COVID-19 outbreak. Here are a few ways commercial building owners can increase confidence for...

While working from home has shown to be effective and it’s easy to stay connected with today’s technology, it’s clear that Houston office space is here to stay. There’s no question about it: the global coronavirus pandemic has changed so many things about daily life, chief among them our workspaces. Millions of people across the United States have been working diligently from home for the past six months, bringing widespread challenges to the commercial real estate industry. But while working from home has shown to be effective and it’s easy...