Your Trusted Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Your Trusted Katy & Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Looking to invest, buy, sell or lease? We can help.

Looking to invest, buy, sell or lease? We can help.

FEATURED PROPERTIES

OUR FEATURED TENANTS & CLIENTS

eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.


A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.

A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides it’s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the owner’s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the property’s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether it’s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Find the perfect location for your business.

Let us help your business succeed.

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Analyzing Retail and Multifamily Markets

March 29, 20243 min read

Analyzing Retail and Multifamily Markets

Moody’s CMBS (Commercial Mortgage-Backed Securities) view of Commercial Real Estate (CRE) markets offers a comprehensive analysis using a red-yellow-green traffic light symbolism. This symbolism categorizes markets based on their performance and indicates whether they favor tenants or landlords. As of the end of 2023, Moody’s latest assessment illuminates the current state of U.S. property markets.

Utilizing data from CBRE Econometric Advisors, supplemented with additional information, Moody’s scores markets on a scale of 0 to 100. A score of 0 to 33 represents a tenants’ market (red), 34 to 66 indicates a market on the edge of imbalance (yellow), and 67 to 100 signifies a landlords’ market (green).

In this latest analysis, the overall score stands at 59, a solid yellow, consistent with the previous quarter. Retail emerged as the top performer with a green score of 86, closely followed by multifamily at 75, industrial at 59, hotel at 39, CBD office at 36, and suburban office at 34.

The retail sector maintained its strength, boasting its highest score (86) since the inception of the data series. New supply combined with low vacancy rates contributed to its resilience, with only 1 out of 69 markets falling in the yellow category.

Multifamily experienced a slight increase, climbing from 72 to 75 in the last quarter. Despite higher forecast demand and slightly lower forecast supply, the vacancy rate rose to 5.4%. However, projections suggest a significant increase in unit deliveries for 2024, which may challenge this positive trend.

Industrial, on the other hand, witnessed a decline in its score to 59 from 63, marking the seventh consecutive quarter of decrease. Increased supply levels led to a national vacancy rate of 7.1%, with eight markets categorized as red, 37 as yellow, and 30 as green out of 59 markets analyzed.

The hotel sector saw a modest improvement, with its score rising from 38 to 39. However, post-pandemic recovery remains sluggish, with revenue per available room (RevPAR) growth rates still below the baseline target. Out of 65 markets, 22 were classified as red, 36 as yellow, and 7 as green.

The office sector continued to face challenges, particularly with the rise in sublet space and negative absorption. Central business district (CBD) offices witnessed a slight drop in their score to 36, inching closer to the red category, while suburban offices remained stagnant at 34. With 58 markets analyzed for CBD offices, 21 were in the red, 31 in the yellow, and 6 in the green category. Suburban offices encompassed 63 markets, with 18 in red, 39 in yellow, and 6 in green.

In conclusion, the latest analysis from Moody’s CMBS view offers valuable insights into the performance of various CRE markets. While retail and multifamily sectors continue to thrive as landlords’ markets, others such as industrial, hotel, and office sectors face ongoing challenges amidst changing market dynamics.

Should you need an experienced commercial real estate broker, please feel free to contact me at 281-222-0433.

https://www.houstonrealestatebrokerage.com/

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://www.tenantbase.com/advisors/bill-rapp/

https://buildout.com/plugins/3e7ef61d54725c99fd76ca1f4ae24a348c56a0d4/brokers/[email protected]

© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial LLC


RevPARsublet spacenegative absorptionvacancy ratesmarket dynamicsretailmultifamilylandlords’ marketcre marketstenants’ marketindustrialhotelCBD officesuburban office
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clients’ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specific’s business’s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

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