March 1, 2024
The Most Pro Business State In The United States Is Experiencing A 34% Reduction In Average Commercial Real Estate Leases
Texas is one of the most pro-businesses in the United States.
Dozens of companies are relocating from less business friendly jurisdictions due to a host of reasons.
In theory when corporate campuses are relocated to a new building/state there should be a major positive impact to the average size of a Commercial Real Estate rental.
It looks like Texas is no different than the rest of the United States.
The average commercial lease in Texas is 34% lower than before the pandemic indicating that Hybrid/Flexible Work is the norm even for relocating companies getting completely new campuses/offices.
ARTICLE SOURCE : https://www.bisnow.com/national/news/office/how-th...