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 / 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.

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

🧠 Commercial Real Estate’s Next Cycle: How Patient Capital Wins in 2026 📊

📉 The CRE Reset Is Here: Why 2026 Will Reward Patience, Not Aggression ⏳

January 01, 2026•2 min read

📉 The CRE Reset Is Here: Why 2026 Will Reward Patience, Not Aggression ⏳

🧠 Commercial Real Estate’s Next Cycle: How Patient Capital Wins in 2026 📊


The CRE Reset: 2026 Will Reward Patience, Not Aggression

Commercial real estate is resetting. The investors who outperform in 2026 will not be the most aggressive buyers—they will be the most disciplined allocators of capital.


A Market in Transition, Not Collapse

The current commercial real estate cycle is not a repeat of 2008. Instead, it reflects a prolonged repricing phase driven by tighter liquidity, lender retrenchment, and higher-for-longer interest rates. Transaction volume has slowed, bid-ask spreads remain wide, and many owners are choosing to wait rather than sell into uncertainty.

This environment is creating frustration for impatient buyers—but opportunity for patient ones.


Liquidity Cycles Always Decide the Winners

Real estate cycles are ultimately liquidity cycles. Over the past decade, cheap capital masked weak underwriting and compressed cap rates. That liquidity is gone—for now.

Banks are pulling back. CMBS issuance is selective. Bridge lenders are cautious. Private credit is demanding structure and yield. This contraction is not permanent, but it is meaningful.

Historically, the best risk-adjusted returns in commercial real estate occur after liquidity tightens—not before it returns.


Lender Pullbacks Are Creating Forced Decisions

Refinancing risk is the pressure point of this cycle.

Owners facing:

¡Near-term maturities

¡Floating-rate debt

¡Declining NOI

¡Sponsor fatigue

are being forced to make decisions they delayed in 2023–2024. Some will inject capital. Others will sell. A smaller but growing subset will default quietly.

These are not fire-sale conditions—but they are timing-driven opportunities.


Distress Will Be Uneven—and That Matters

There will not be a single moment of mass distress. Instead, opportunity will surface in pockets:

¡Secondary office assets with broken capital stacks

¡Multifamily projects delivered into peak supply

¡Value-add deals that relied on cap rate compression

¡Owners who overestimated rent growth velocity

Sophisticated investors understand this: you do not chase headlines—you track maturities, loan covenants, and sponsor behavior.


Why Aggression Is the Wrong Strategy Right Now

Aggressive buyers are often:

·Overpaying to “win” deals

¡Underestimating hold risk

¡Assuming rapid rate relief

¡Compressing margins prematurely

In contrast, patient capital is:

¡Preserving liquidity

¡Underwriting conservatively

¡Structuring optionality

·Waiting for clarity—not confirmation

The spread between these two approaches will define performance in the next cycle.


2026: When Discipline Gets Paid

By 2026, the market will likely have:

¡Clearer rate direction

¡Stabilized lending standards

¡More realistic pricing expectations

¡Motivated sellers with time pressure

Those who preserved capital and relationships during the slowdown will be positioned to move decisively—without chasing risk.


The Bottom Line for Investors

This is not the cycle to force deals. It is the cycle to sharpen underwriting, strengthen capital stacks, and build deal flow quietly.

Patience is not passive. It is strategic.


https://www.houstonrealestatebrokerage.com/

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

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

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

https://app.bullpenre.com/profile/1742476177701x437444415125976000

https://author.billrapponline.com/

https://www.amazon.com/dp/B0F32Z5BH2

https://veed.cello.so/FOmzTty6oi9

https://creplaybookseries.billrapponline.com

https://creplaybook.billrapponline.com/


Š 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


CRE Market resetcommercial real estate market outlook 2026commercial real estate market outlook 2027commercial real estate market outlook 2028commercial real estate cyclereal estate liquidity cycledistressed commercial real estatelender pullback CREcommercial real estate timingpatient capital investinglong-term CRE investing strategycap rate reset
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.

Back to Blog

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.

🧠 Commercial Real Estate’s Next Cycle: How Patient Capital Wins in 2026 📊

📉 The CRE Reset Is Here: Why 2026 Will Reward Patience, Not Aggression ⏳

January 01, 2026•2 min read

📉 The CRE Reset Is Here: Why 2026 Will Reward Patience, Not Aggression ⏳

🧠 Commercial Real Estate’s Next Cycle: How Patient Capital Wins in 2026 📊


The CRE Reset: 2026 Will Reward Patience, Not Aggression

Commercial real estate is resetting. The investors who outperform in 2026 will not be the most aggressive buyers—they will be the most disciplined allocators of capital.


A Market in Transition, Not Collapse

The current commercial real estate cycle is not a repeat of 2008. Instead, it reflects a prolonged repricing phase driven by tighter liquidity, lender retrenchment, and higher-for-longer interest rates. Transaction volume has slowed, bid-ask spreads remain wide, and many owners are choosing to wait rather than sell into uncertainty.

This environment is creating frustration for impatient buyers—but opportunity for patient ones.


Liquidity Cycles Always Decide the Winners

Real estate cycles are ultimately liquidity cycles. Over the past decade, cheap capital masked weak underwriting and compressed cap rates. That liquidity is gone—for now.

Banks are pulling back. CMBS issuance is selective. Bridge lenders are cautious. Private credit is demanding structure and yield. This contraction is not permanent, but it is meaningful.

Historically, the best risk-adjusted returns in commercial real estate occur after liquidity tightens—not before it returns.


Lender Pullbacks Are Creating Forced Decisions

Refinancing risk is the pressure point of this cycle.

Owners facing:

¡Near-term maturities

¡Floating-rate debt

¡Declining NOI

¡Sponsor fatigue

are being forced to make decisions they delayed in 2023–2024. Some will inject capital. Others will sell. A smaller but growing subset will default quietly.

These are not fire-sale conditions—but they are timing-driven opportunities.


Distress Will Be Uneven—and That Matters

There will not be a single moment of mass distress. Instead, opportunity will surface in pockets:

¡Secondary office assets with broken capital stacks

¡Multifamily projects delivered into peak supply

¡Value-add deals that relied on cap rate compression

¡Owners who overestimated rent growth velocity

Sophisticated investors understand this: you do not chase headlines—you track maturities, loan covenants, and sponsor behavior.


Why Aggression Is the Wrong Strategy Right Now

Aggressive buyers are often:

·Overpaying to “win” deals

¡Underestimating hold risk

¡Assuming rapid rate relief

¡Compressing margins prematurely

In contrast, patient capital is:

¡Preserving liquidity

¡Underwriting conservatively

¡Structuring optionality

·Waiting for clarity—not confirmation

The spread between these two approaches will define performance in the next cycle.


2026: When Discipline Gets Paid

By 2026, the market will likely have:

¡Clearer rate direction

¡Stabilized lending standards

¡More realistic pricing expectations

¡Motivated sellers with time pressure

Those who preserved capital and relationships during the slowdown will be positioned to move decisively—without chasing risk.


The Bottom Line for Investors

This is not the cycle to force deals. It is the cycle to sharpen underwriting, strengthen capital stacks, and build deal flow quietly.

Patience is not passive. It is strategic.


https://www.houstonrealestatebrokerage.com/

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

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

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

https://app.bullpenre.com/profile/1742476177701x437444415125976000

https://author.billrapponline.com/

https://www.amazon.com/dp/B0F32Z5BH2

https://veed.cello.so/FOmzTty6oi9

https://creplaybookseries.billrapponline.com

https://creplaybook.billrapponline.com/


Š 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


CRE Market resetcommercial real estate market outlook 2026commercial real estate market outlook 2027commercial real estate market outlook 2028commercial real estate cyclereal estate liquidity cycledistressed commercial real estatelender pullback CREcommercial real estate timingpatient capital investinglong-term CRE investing strategycap rate reset
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.

Back to Blog

Find the perfect location for your business.

Let us help your business succeed.

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27815 Astoria Brook Ln

Katy, TX 77494 USA


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

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Contact Us

27815 Astoria Brook Ln

Katy, TX 77494 USA

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