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Finding Your First Office Space For Rent Or Lease in El Paso Texas
Do you need to set up an office in El Paso, Texas or relocate? Do you have a start-up business or a home-based business upgrade?
El Paso Texas is a very unique city, and that has significant implications for the commercial real estate available for rent there. El Paso is often thought of as a small city by people who have not spent time there, but its population exceeds 700,000, and when combined with its neighboring city of Ciudad Juarez, Mexico, the area becomes the largest population area on any international border. in the world with more than 2 million people. El Paso’s population is also very young, with the median age being only 27, and one of the fastest growing cities in the county and the second safest. So you can see the potential to do business here.
Despite being the 4th largest city in Texas and a major center of international commerce, El Paso truly has a small town mentality in many ways. Unlike most cities of this size, there isn’t an abundant supply of high-rise office buildings or large-scale office parks. It is one of the few cities of this size that does not have a professional sports team. Without any targeted business office areas, one will find El Paso very sprawling. So, compared to other metropolises, the choice to meet your needs may not be so obvious.
1) Location – The first thing you learn in real estate school is location. Choosing a location near a main street or highway with good visibility is good advice for an office in any city. However, in El Paso, instead of a bustling central office district, you’ll find the city spread out nicely over 200 square miles and divided east and west by the Franklin Mountains. You’ll find a great selection of warehouse and retail space in the city’s strip malls. While these spaces may be appropriate for your business, in the long run, these types of spaces may prove more expensive, both in terms of actual costs and loss of visibility for your potential customers. So the question is, where are you looking? As you can already see, finding an office to rent in El Paso is a unique situation, whereas in most other cities you can easily spot where most offices are located. The best way to see El Paso is from a giant suburb. First you need to decide which side of town. The east side is the fastest growing and the west side is well established with a greater concentration of high income households. Similar to a small town, then you should start looking at the main streets. Busy streets to consider here would be:
Montana (wouldn’t recommend going too far east though)
I-10 Facade (walkway)
If you’re on one of these streets and can get a good rate, I think you’ll be ahead of the game. Being a border town, there are plenty of industrial parks and warehouse areas, on streets such as Rojas Street, also near the Fort Bliss military base and many other areas of the city. Although many of them can be converted into offices, I wouldn’t consider them your first choice if you want foot traffic and to be conveniently located where people travel regularly. The closest thing to an office “zone” is downtown El Paso, with the rest mixed throughout the city into residential and commercial areas. However, downtown, you may have to deal with more congestion, parking problems and more travel. Although the city is trying to revitalize its missing “business center”, the downtown area is still at a low level from its old days, with many dilapidated and underutilized buildings. Promising projects are underway there, but apart from a few national banks, much of the concentrated corporate presence disappeared many years ago.
2) Price – Price is often an important factor for most businesses. Generally speaking, the west side will have higher rates, and the lower valley will be the cheapest as well as the northeast – however, space in these areas can be hard to come by. For offices, we found that the average price per square foot was around $17.
3) Size – Size is an important factor. Here we assume that you are looking for your first office space. Some locations offer office spaces that are typically much smaller, 1 person offices, and in many cases can grow with your needs with more spaces or upgrade to your own private suite. However, sometimes these spaces aren’t really “yours” so to speak, and known as “virtual offices”, so make sure you know if it’s a designated space or not. In a virtual setup, it’s hard to leave things there and you have to plan when you use that office space, or be charged for the time you spend there. El Paso offers dedicated suites which we will discuss later in this article. El Paso has virtual and dedicated office suites available on both the east and west sides. This is a good option for a startup.
4) Amenities – It’s always nice to have a little extra for what you pay. Do they offer concierge service for your space or free internet service, some rental companies have their own IT department and so renters of a space can take advantage of the IT staff. Either way, these are extras that can help you weigh your decision. The culture of El Paso is definitely open to negotiation. If the price is more rigid, you would like to get added value in benefits.
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