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.
Email: [email protected]
Call: (281) 222-0433
Your Trusted Katy / Fulshear & 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!
Reviews
Houston Becomes a Top Built-to-Rent Market!
Houston Becomes a Top Built-to-Rent Market!
The Houston metro area is making significant strides in the built-to-rent housing market, emerging as one of the top cities for new rental communities. This shift reflects broader trends in the housing market, where high home prices and mortgage rates are pushing more people towards renting.
Houston’s Ranking and Growth
According to a recent report by RentCafe, Houston ranks fourth among U.S. cities for the number of new built-to-rent single-family homes completed over the past five years. With 2,402 units completed between 2018 and 2023, Houston is behind only Phoenix, Dallas-Fort Worth, and Atlanta. This growth is set to continue, with an additional 4,836 units currently under construction and expected to be completed by next year.
Key Factors Driving the Trend
Several factors contribute to the rise of built-to-rent communities in Houston:
1. High Mortgage Rates: With mortgage rates near record highs, many potential homebuyers are finding homeownership less accessible. Built-to-rent communities offer a viable alternative, providing the benefits of single-family living without the burden of a mortgage.
2. Amenities and Property Management: These communities often come with attractive amenities and professional property management services, making them appealing to a broad range of renters.
Popular Built-to-Rent Communities in Houston
Built-to-rent developments are becoming more common in Houston, particularly in new master-planned communities. Notable examples include:
* Summerwell Sunterra in Katy: A new community offering modern rental homes with various amenities.
* Balcara at Meridiana: A rental subdivision in Bridgeland providing a suburban lifestyle with convenient rental options.
* Everstead at Conroe: A growing community known for its spacious homes and professional management.
Broader Trends in Built-to-Rent Housing
The built-to-rent housing model has gained popularity across the Southeast, Southwest, and Sunbelt regions, where land is relatively inexpensive. This model is now spreading to other parts of the country as well. Nationally, the number of built-to-rent homes completed jumped by 75% from 2022 to 2023, reaching a record high of nearly 27,500 homes. Currently, over 45,400 built-to-rent homes are under construction nationwide.
Appeal to Different Demographics
Built-to-rent communities attract a diverse demographic, including:
* Families Seeking Space: Those who need more space but are priced out of the homebuying market find these communities ideal.
* Empty Nesters: Older adults looking to downsize and avoid the hassles of home maintenance are also drawn to built-to-rent options.
Conclusion
As the housing market evolves, Houston’s rise as a top built-to-rent market highlights the growing demand for flexible, amenity-rich rental options. This trend is likely to continue, driven by high mortgage rates and changing preferences among both young families and older adults.
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]
www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=mortgageviking
https://www.fastexpert.com/agents/bill-rapp-95118/
https://www.homelight.com/agents/bill-rapp-tx-595622?preview=t
© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial LLC
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.
Houston Becomes a Top Built-to-Rent Market!
Houston Becomes a Top Built-to-Rent Market!
The Houston metro area is making significant strides in the built-to-rent housing market, emerging as one of the top cities for new rental communities. This shift reflects broader trends in the housing market, where high home prices and mortgage rates are pushing more people towards renting.
Houston’s Ranking and Growth
According to a recent report by RentCafe, Houston ranks fourth among U.S. cities for the number of new built-to-rent single-family homes completed over the past five years. With 2,402 units completed between 2018 and 2023, Houston is behind only Phoenix, Dallas-Fort Worth, and Atlanta. This growth is set to continue, with an additional 4,836 units currently under construction and expected to be completed by next year.
Key Factors Driving the Trend
Several factors contribute to the rise of built-to-rent communities in Houston:
1. High Mortgage Rates: With mortgage rates near record highs, many potential homebuyers are finding homeownership less accessible. Built-to-rent communities offer a viable alternative, providing the benefits of single-family living without the burden of a mortgage.
2. Amenities and Property Management: These communities often come with attractive amenities and professional property management services, making them appealing to a broad range of renters.
Popular Built-to-Rent Communities in Houston
Built-to-rent developments are becoming more common in Houston, particularly in new master-planned communities. Notable examples include:
* Summerwell Sunterra in Katy: A new community offering modern rental homes with various amenities.
* Balcara at Meridiana: A rental subdivision in Bridgeland providing a suburban lifestyle with convenient rental options.
* Everstead at Conroe: A growing community known for its spacious homes and professional management.
Broader Trends in Built-to-Rent Housing
The built-to-rent housing model has gained popularity across the Southeast, Southwest, and Sunbelt regions, where land is relatively inexpensive. This model is now spreading to other parts of the country as well. Nationally, the number of built-to-rent homes completed jumped by 75% from 2022 to 2023, reaching a record high of nearly 27,500 homes. Currently, over 45,400 built-to-rent homes are under construction nationwide.
Appeal to Different Demographics
Built-to-rent communities attract a diverse demographic, including:
* Families Seeking Space: Those who need more space but are priced out of the homebuying market find these communities ideal.
* Empty Nesters: Older adults looking to downsize and avoid the hassles of home maintenance are also drawn to built-to-rent options.
Conclusion
As the housing market evolves, Houston’s rise as a top built-to-rent market highlights the growing demand for flexible, amenity-rich rental options. This trend is likely to continue, driven by high mortgage rates and changing preferences among both young families and older adults.
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]
www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=mortgageviking
https://www.fastexpert.com/agents/bill-rapp-95118/
https://www.homelight.com/agents/bill-rapp-tx-595622?preview=t
© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial LLC
Find the perfect location for your business.
Let us help your business succeed.
Sign up to receive the latest news on property investment and commercial real estate listings.
9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255
Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission
Information About Brokerage Services eXp Commercial LLC #9010212
Viking Enterprise LLC #9009614
Sign up to receive the latest news on property investment and commercial real estate listings.
Contact Us
901 S Mopac Expwy, Bldg 2, Suite 350 Austin, TX 78746 | 512.474.5557Texas Real Estate Commission
Consumer Protection Notice Texas Real Estate Commission Information About Brokerage Services Reliance Retail, LLC #603091
Texas RS, LLC #9003193 | RESOLUT RE Is Licensed In Louisiana #0995694083
Facebook
Instagram
X
LinkedIn
Youtube
TikTok