Austin-based Firmspace opened its Houston location last year. Courtesy of Firmspace

Before the pandemic, Houston coworking demand mirrored that of the rest of the country: shared space was booming, new operators were opening up. Demand was growing in Houston, as it was in other markets.

When the pandemic arrived in Houston last spring, the city was hit with a crisis on two fronts: local public health challenges due to the arrival of COVID-19 were further complicated by a downturn in the price of oil and gas industry — the literal fuel of this city's dominant industry.

But coworking hasn't faded away as office spaces closed or reduced capacity – it's evolved. In fact, the ongoing pandemic has accelerated this changing space and pushed operators to adapt their offerings to meet the market's needs. The result in Houston is the emergence of three major trends that we expect to see persist beyond 2021.

Increased demand for private offices

According to a recent report from JLL, up to 70 percent of all office spaces were primarily or partially open plan in design by the first quarter of 2020. But few of us want to sit in an open plan office with a dozen other masked professionals while fielding Zoom calls, but working from home isn't an option for those who lack the space and privacy they need to effectively work from home.

This combination of pandemic-related stressors has driven more Houstonians to seek out private office space for rent. The basic requirements in the pandemic era look slightly different than what we might have observed a year ago. Professionals want:

  • Private office spaces with doors that close and lock
  • Walls that provide privacy and noise insulation
  • Secure IT infrastructure, chiefly high-speed internet access
  • Enhanced cleaning protocols in common spaces and high-touch areas
  • Closed ventilation loops and as much clean air piped in from the outdoors as possible

And coworking spaces are doing their best to deliver this calm, safe environment where busy professionals can come to do focused work.

More short-term arrangements

The future has never looked more uncertain to professionals and leadership in all sectors. Here at the end of 2020, many companies that have paid nearly nine months of rent on office space that they've been unable to safely use are weighing the benefits of breaking their years-long commercial leases.

Companies are not sure what the structure of their teams will be in three months, nevermind three years, and this is changing how leaders think about their real estate contracts. In this climate, many are turning to coworking spaces that offer six- and 12-month contracts with furnishes and IT infrastructure in place to lighten their financial commitments to physical spaces.

The other trend in short-term leasing that local coworking spaces have embraced is the day office. Given that many of us are planning to work at least part-time from our home offices for the near future, coworking spaces have spotted the opportunity to offer a pay-per-day model to engage professionals that only need a break from the home office one or two days a week.

A private office as a status symbol

The office used to be where we went to get away from home five days a week. For members of traditional coworking spaces in the startup and tech industries, the office often felt like an incubator where spontaneous connections happened.

But in light of the pandemic, private office space has become a refuge where professionals go to feel safe, achieve focused work, and execute sensitive tasks with assurance that they have a level of privacy that can't be achieved at home.

Whether you're looking to speak with clients or prospective employees remotely, private office space and polished meeting rooms have also come to be a status symbol. A video call with chic design elements visible in the background of their office space communicates something powerful – the people in those chairs are invested in the time they spend at work.


Moving into 2021, Houstonians are ready to return to work. Even before the pandemic arrived, commercial real estate was beginning to see that the future of work will be more flexible and more often remote than it was in the past. While we're not through this crisis yet, many professionals are already looking for a new kind of private office arrangement, and local coworking operators are working to deliver the space these Houstonians need.

------

Anish Michael is the CEO of Austin-based Firmspace, which has a 32,000-square-foot space in BBVA Compass Plaza in Houston.

From enlightening talks to networking opportunities, here's where you need to be in April. Getty Images

10+ can't-miss Houston business and innovation events for April

Where to be

Happy Q2, everyone. With 2019 already a quarter of the way through, it's a bit overwhelming to prioritize what networking and thought talks to attend. We've rounded up a list of over 10 (and growing) events for you to consider adding to your calendar.

If you know of innovation-focused events for this month or next, email me at natalie@innovationmap.com with the details and subscribe to our daily newsletter that sends fresh stories straight to your inboxes every morning.

April 4 — FIRMSPACE Houston Grand Opening Celebration

A national high-end workspace brand has opened its latest location in Houston. Check out the space and network with potential coworkers.

Details: The event is from 7 to 10 pm on Thursday, April 4, at FIRMSPACE Houston (2200 Post Oak Boulevard). Learn more.

April 4 — Accelerator Info Session and Panel

Join the Social Enterprise Alliance for an info session on BBVA Momentum's accelerator program followed by a panel discussion led by Grace Rodriguez, CEO of Impact Hub Houston.

Details: The event is from 11:30 am to 1 pm on Thursday, April 4, at Station Houston (1301 Fannin, suite 2440). Learn more.

April 4-6 — Rice Business Plan Competition

This weekend, 42 teams will be competing for over $1.5 million in awards at the 19th annual Rice Business Plan Competition. Learn more about the awards and teams here.

Details: The three-day challenge takes place in a few different buildings on Rice University Campus. Learn more.

April 5 — ChIPs Texas' Houston Innovation Ecosystem

Gina Luna of Houston Exponential and Tom Luby of the TMC Innovation Institute will take the stage for a panel moderated by Payal Patel of Station Houston. It's the first ChIPs event in Houston. ChIPs is a nonprofit organization that advances and connects women in technology, law, and policy.

Details: The event is from 11:30 am to 1:30 pm on Friday, April 5, at TMC Innovation Institute (2450 Holcombe Blvd, Suite X). Learn more.

April 10 — MassChallenge Texas' Houston Launch Party

In case you missed it, MassChallenge Texas has a new Houston program and it's officially launching this month. Network with the international program, potential applicants, and other members of the Houston innovation ecosystem.

Details: The event is from 6 to 8 pm on Wednesday, April 10, at Four Seasons Houston (1300 Lamar St.). Learn more.

April 11 — 2019 Future of Leadership Luncheon

The annual event honors leadership and celebrates the important role of philanthropy in the Houston community. Tickets start at $250 for the luncheon that features a conversation between Darren Walker, president of the Ford Foundation, and Laura Arnold, co-chair of Arnold Ventures, on the future of philanthropy.

Details: The event is from noon to 1:30 pm on Thursday, April 11, at the Hilton Americas (1600 Lamar Street). Learn more here.

April 11 — Startup Pains: What I Wish I Knew

This monthly series hosted by the University of Houston lets you learn from someone else's mistakes and successes. This month's speaker is Jason Eriksen, Ph.D.UH associate professor of pharmacy, and founder of Alzeca Biosciences and Teomics LLC.

Details: The event is from 4 to 5 pm on Thursday, April 11, at the UH Technology Bridge (Innovation Center, building 4, floor 2, 5000 Gulf Fwy). Learn more here.Learn more here.

April 11 — B2B Startup Pitch Party

Cannon Ventures is hosting another night of pitches. This event is focused on all things B2B and will feature some B2B startups looking for early stage funding in Houston.

Details: The event is from 6:30 to 9 pm on Thursday, April 11, at The Cannon (1336 Brittmoore Road). Learn more.

April 12 — The Agile Shift Conference

Join industry professionals to network and talk the unification of Agile and DevOps to build and deliver better teams and software.

Details: The event is from 8 am to 5 pm on Friday, April 12, at the Hyatt Regency Houston (1200 Louisiana St.). Learn more.

April 18 — Lemonade Day at Station Houston

Join Station Houston for what is likely going to be the cutest pitch competition you'll ever see. Ten teams made up of future entrepreneurs will pitch their ideas for a lemonade stand.

Details: The event is from 5:30 to 7:30 pm on Thursday, April 18, at Station Houston (1301 Fannin Street, suite 2440). Learn more.

April 18 — Rice Alumni | Entrepreneurs & Innovators, Houston Launch

A Rice University organization has a new name, and they are ready to celebrate it. Meet the new Rice Alumni | Entrepreneurs & Innovators network, or RA|EI, and discuss what you want out of the organization.

Details: The event is from 5:30 to 7:30 pm on Thursday, April 18, at Pitch 25 (2120 Walker Street). Learn more.

April 23 — Houston Female Founder Roundtable: How to Get Ahead in Entrepreneurship with Alice

A panel of entrepreneurial women will share their stories, challenges, successes, and tips.

Details: The event is from 11 am to 1 pm on Tuesday, April 23, at The Cannon (1336 Brittmoore Rd). Learn more.

April 25 — EO Talks Houston

Think TED Talks but from Houston entrepreneurs. The goal is to share success stories and inspire other entrepreneurs in town.

Details: The event is from 7:30 to 10:30 am on Thursday, April 25, at Houston Baptist University, Linda & Archie Dunham Theater (7502 Fondren Road). Learn more.

April 25 — 7th Annual City of Houston Investor Conference

The City of Houston is gathering professionals to talk money for a full day of presentations by local government CFOs and an update on the region's economy.

Details: The event is from 8 am to 5 pm on Thursday, April 25, at Hilton Americas-Houston (1600 Lamar Street). Learn more.

April 25 — Enterprise XR: How AR/VR is Preparing Modern Workers

Immersive technology is shifting the paradigm of corporate training, and you and your company need to learn about it. The event has a keynote speaker and networking before and after.

Details: The event is from 6:30 to 8 pm on Thursday, April 25, at Station Houston (1301 Fannin St., suite 2440). Learn more.

April 26 — Data Science and You: Ethics in Data Science

Visiting professor Lawrence Hunter, director of the Computational Bioscience Program and of the Center for Computational Pharmacology at the University of Colorado School of Medicine, talks advances in data science and what you need to know.

Details: The event is from 3 to 5 pm on Friday, April 26, at the University of Houston Student Center (4455 University Drive).Learn more here.

April 26 — SPE Pitch Perfect

Join the Society of Professional Engineers' GCS Innovate! Committee for an event that will help you perfect your business plan.

Details: The event is from 9 am to 2 pm on Friday, April 26, at the Newpark Drilling Fluids (21920 Merchants Way). Learn more here.

Ad Placement 300x100
Ad Placement 300x600

CultureMap Emails are Awesome

Meta to bring $115 million AI data center training initiative to Houston

ai workforce

Meta and Associated Builders and Contractors have entered into a partnership to invest $115 million in training programs for the construction of AI data centers, with a portion of the project launching in Houston.

The companies announced June 8 that they would open America’s Workforce Academies at ABC chapter training centers in Houston; Indianapolis; Baton Rouge, Louisiana; and Columbus, Ohio.

The academies will offer career readiness and safety training, plus five weeks of hands-on education. Participants who complete the program will be granted a job offer from contractors working on Meta projects.

“The AI revolution is bringing change but also historic opportunities,” Dina Powell McCormick, Meta president and vice-chairman, said in a news release. “Skilled workers electrified rural America one pole at a time. They manned the factories that built the arsenal that won World War II. Now a new generation will pour the foundations and lay the fiber that secures American strength in this new age.”

Overall, the Meta and ABC aim for the academies to build a more sustainable pipeline of skilled construction workers and ensure safety and job readiness for the surging number of data center projects underway.

“This new program is an innovative talent solution that is a critical part of addressing the construction industry’s ongoing workforce shortage and creates an accelerated, new-entrant strategy for job seekers ... The sustained demand for data center construction technicians means the industry needs an all-of-the-above approach to address this shortage and grow the construction talent pool,” Michael Bellaman, ABC president and CEO, added in the release.

In Texas, Meta, the parent company of Facebook and Instagram, has launched or broken ground on data centers in El Paso, Fort Worth and Temple. The company announced in March that it planned to grow its El Paso Data center by 1 gigawatt, representing more than a $10 billion investment.

Apart from Meta, Texas has attracted data center development to power other giants like Google and Amazon in recent years. In turn, Texas has been predicted to become the biggest data center market. Commercial real estate services provider JLL reported this spring that the state could topple Northern Virginia as the world’s largest data-center market by 2030. Similarly, CBRE predicted that Houston's data center capacity could double by 2028. Read more here.

New Houston biotech co. lands $30M for pulmonary fibrosis drug

drug money

Most of us can claim a scar or two on our bodies. But when scarring develops inside the body, it’s known as a fibrotic disorder. A freshly launched Houston company, Oorja Bio Inc., is working on a treatment that can help to repair cells and reduce the damage wrought by the growth of fibrotic tissue in patients.

Late last month, Oorja Bio hit the scene with a pair of big announcements. Not only has the company raised a $30 million Series A thanks to founding investor California-based Westlake BioPartners, but it has also already paved the way for a Phase 2 study to take place this year.

Oorja Bio received Investigational New Drug (IND) clearance from the U.S. Food and Drug Administration (FDA), allowing the company to test its treatment in patients with idiopathic pulmonary fibrosis (IPF), a scarring of the lung tissue. IPF affects more than 150,000 adults in the United States and can result in a range of symptoms from shortness of breath to organ failure and death as it progresses.

Oorja Bio’s lead drug candidate, ORJ-001, was shown in a Phase 1 in-human trial to demonstrate “therapeutically relevant exposure and favorable tolerability” in 64 healthy adult volunteers in whom it was administered daily or weekly, according to a news release. Pre-clinical studies of ORJ-001 showed durable target tissue engagement and biomarker activity in bleomycin-induced lung fibrosis.

Administered subcutaneously, ORJ-001 is intended to improve and even restore function in cells that can reduce the signaling that causes IPF. It stops advancement of IPF and also allows for tissue repair. Currently available treatments for the disease can slow the development of IPF down, but do not address the declining lung function that’s inherent in its progression.

“The clinical and preclinical results from our studies to date give us confidence that ORJ-001 represents a novel treatment approach with the potential to repair and reverse fibrosis and modify disease progression in IPF,” Dr. Janethe Pena, CMO of Oorja Bio, said in the release.

“Our team is energized to deliver on our goal of redefining the future of fibrotic diseases, beginning with ORJ-001,” CEO and founder Sujay Kango added. “As we advance ORJ-001 in the clinic, we are embracing the paradigm shift in our biological understanding of IPF pathology that aligns with the central role of the alveolar epithelium. ORJ-001 was designed with this biology in mind and may provide, for the first time, a therapeutic intervention that repairs and reverses fibrosis and promotes disease modification.”

Most patients live only three to five years following their IPF diagnosis. Soon, ORJ-001 and Oorja Bio could give them a fighting chance.

Axiom Space tops $525M in oversubscribed round, announces Swiss subsidiary

funding boost

Axiom Space tacked on an additional $175 million to a previously announced capital raise, bringing the oversubscribed round to a total of more than $525 million.

Axiom shared in February that it had secured $350 million in a financing round led by Type One Ventures and Qatar Investment Authority. In the latest release from the company, Axiom reports that Japan-based MUFG Bank Ltd. joined the round as a new investor, in addition to continued participation from existing backers.

The funding will go toward developing the company's commercial space station, known as Axiom Station, and the production of its Axiom Extravehicular Mobility Unit (AxEMU) under its NASA spacesuit contract.

“Investor interest in this round outpaced what we set out to raise, which speaks to the moment we’re in,” Jonathan Cirtain, CEO and president of Axiom Space, said in the news release. “Our partners see what is possible in low-Earth orbit, and they see who is positioned to lead it.”

Axiom announced last month that it planned to open a Japanese subsidiary July 1. Earlier this week, it also shared plans to establish Axiom Space Switzerland, a wholly owned subsidiary based in Lucerne that is also expected to begin operations this summer.

The Switzerland subsidiary aims to establish Axiom's presence in Europe and help it partner with the European Space Agency and other space organizations and companies on the continent.

“Europe is a founding leader in the creation of the commercial space economy, and Switzerland is uniquely positioned to convene the government agencies, research institutions, and industrial entities that will shape its next decade,” Cirtain added in a separate release. “Axiom Space Switzerland facilitates the scaling of development and deployment of the infrastructure that will succeed the International Space Station.”