The leading factors that drive the commercial real estate stock in Houston are tightly linked to the national trends - connectivity issues, e-commerce, focus on human resources, etc. A city faces more demand for walkability, integrated systems, transformation or utilization of the rejiggered space, and other alternatives that can bring the market to the new level. The proliferation of facilities and services for commercial use has risen from residential sites to multi-tenant workspace developments as a way to satisfy high levels of demand. Industry is turning from space utilization to services, so the landlords tend to study the tenant preferences and then optimize commercial properties in Houston to make them more adjustable. The coworking concept has really taken off in the area, with shared office facilities starting to appear in new developments and the already existing venues and changing the commercial real estate stock of Houston into a more flexible one. Downtown’s CBD and Uptown Houston area are the most active submarkets regarding take-up activities. At the same time, smaller adjusting neighborhoods have enough resources to compete for tenants.
