HOUSTON—Startups are continuing to power local economies and revive urban centers. And, the most effective way to entice entrepreneurs to plant flags in key US cities is through the pocketbook. Commercial Cafe looked at both class-A and class-B solutions in 29 cities across the country, with a baseline of $5,000 a month, and the corresponding amount of space that rental fee encapsulates, to uncover which cities provide the best bang for the buck.
In Houston, tenants can snap up 50% more class-B office space than in New York City for the same monthly rent. The most expensive class-A office market in Texas is Austin, where $5,000 a month translates to 1,087 square feet, followed by Houston, Dallas and finally, San Antonio, with 2,226 square feet of office space for the same amount.
While growing a business, entrepreneurs have little leeway in terms of budget distribution and the top priority goes to the location of space. Of course, class-A locations with the newest buildings have a class-A price.
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