Houston Chronicle Newspaper / Kaango

[Houston Office Space]

March 18, 2009
Leasing Space in Houston

Companies typically have three different types of commercial real
estate to consider when researching site selections to lease for their
company: office space, industrial space and retail space.

Office space users typically choose an area of the city that is ideal
for their client base and have normal business hours, usually 8 a.m.
to 5 p.m. during the week and either are closed or have limited
service over the weekend due to the hours of operation/hvac system of
an office building. Office space users tend to have clients visit at
their location and are more image conscious as a result. Having the
right office environment is especially important in being able to
recruit key employees for companies.

Industrial space users tend to choose locations that are accessible to
main arteries of the city and that are capable of receiving and/or
making large deliveries by trucks and/or rail service. Industrial
buildings typically have tall clear heights, which allows stacking of
inventory on pallets or rack systems. They also may have a minimal
amount of office area to perform administrative tasks and oversee
business.

Retail space users tend to pay the most attention to the exact
location of their business. Retail businesses heavily rely on exposure
in selecting a location coupled with the demographics of a specific
area. Retailers have to typically decide whether they believe their
concept is better suited in a small neighborhood shopping center, a
lifestyle center, or in a large regional mall. A retail location is
also best suited to accommodate tenants with high parking
requirements. A common expression in retail is: "out of sight, out of
mind, out of business."

Theodore Brakatselos is the President of Houston Site Acquisitions, a
commercial real estate company. He has over 17 years of experience in
commercial real estate and has represented a broad range of tenants
and landlords over his career including star-up companies, publicly
held companies, and overseeing portfolios for institutional landlords
& investors. You can reach Theodore at 713-789-8700.


Posted by Blanche Bond at March 18, 2009 10:46 AM