Houston-based Parkway Inc. is betting on an unconventional but promising interpretation of office space.
The increased development of convenient and high-tech, co-working spaces, bring along a surge of home buyers into the local market. More and more people are looking to work closer to home. Often times, a home office isn’t the answer. Home offices bring distractions that an actual office space doesn’t have. Buyers who have the option to work at home, but can’t deal with the distractions, are flocking to shared workspaces, like the one being built by Parkway.
The company plans to bring New York City-based TechSpace, a co-working concept, to each of Parkway’s properties, beginning with with a 46,000-square-foot co-working space in the Westchase District that should open in April. TechSpace will open on the first two floors in space formerly occupied by Houston-based BMC Software, said Mike Fransen, senior vice president and managing director at Parkway.
“Houston needs this product,” Fransen said. “You can’t be as big of a city as we are and not have it around. It is the norm in every other major market.”
Houston’s appetite for co-working space is only getting started, research shows – Houston’s co-working market is in the early stages of growth, compared to Austin’s and the Dallas-area’s co-working markets. Check out the whole story here: BizJournals
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