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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.

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

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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!

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🏢 Houston CRE Boom: Record Visitor Surge! 🌆

Commercial Real Estate

December 16, 2024•3 min read

🏢 Houston CRE Boom: Record Visitor Surge! 🌆

📈 Katy Real Estate on the Rise! 🏡

Houston is on track to break its all-time visitor record, with an anticipated 54 million visitors in 2024, up from 51 million in 2023. This surge is more than just a tourism win—it’s a powerful boost for the commercial real estate (CRE) market in Houston, Katy, and Fulshear. Let's explore how this boom is reshaping the local economy and creating CRE opportunities.

A Hospitality Surge Driving CRE Demand

Houston First Corp., the city’s destination marketing organization, announced record-breaking hotel room bookings and rising hotel revenue per available room (RevPAR)—up 15% this year. With major conferences and events on the horizon, including the Professional Convention Management Association Convening Leaders Conference in January and the FIFA World Cup in 2026, hospitality-driven CRE is set to thrive.

Key CRE Opportunities in Hospitality:

· New Hotel Developments: As hotel demand skyrockets, expect to see new hotel projects and expansions in Houston’s key districts.

· Short-Term Rentals: With a global audience visiting for events like the World Cup, short-term rental demand could spike across suburban areas like Katy and Fulshear.

Convention Centers: Big Investments, Big Returns

The George R. Brown Convention Center is undergoing a $2 billion transformation, set for completion in 2028. While some question the value of convention center expansions, Houston is betting big—and winning. The upgrades aim to attract even larger conferences and events, boosting demand for surrounding retail, dining, and office spaces.

CRE Takeaways:

· Retail Growth: More visitors mean increased foot traffic, driving retail leasing and development.

· Office Leasing: Businesses supporting the convention and events industries will seek prime office locations near event hubs.

World Cup 2026: A Game-Changing CRE Event

Houston will host 12 World Baseball Classic games and seven FIFA World Cup matches, plus a 38-day Fan Fest in East Downtown. The expected economic impact is comparable to the Super Bowl, with global media exposure likely driving international investment.

CRE Hot Spots to Watch:

· Downtown & East Downtown: High demand for retail, hospitality, and mixed-use developments.

· NRG Stadium Vicinity: Increased interest in nearby commercial projects as global visitors arrive.

A Culinary Boost for Retail & Hospitality

Houston also scored big in the culinary world, with five local restaurants earning Michelin stars at the first Michelin Guide event in Texas. Culinary tourism is no small factor—food-driven visitors often extend stays, boosting hotel occupancy and restaurant demand.

Why This Matters for Katy & Fulshear

While Houston is the epicenter of these changes, Katy and Fulshear stand to benefit significantly. With their proximity to Houston and growing infrastructure, these areas are poised for:

· Retail Expansions: New shopping centers and restaurants catering to increased visitor traffic.

· Mixed-Use Developments: Ideal for capturing long-term stays and business travelers.

· Residential Growth: Workers supporting the expanding CRE landscape will need housing, driving residential real estate activity.

Final Thoughts: Seize the CRE Momentum

As Houston surges toward a record-breaking visitor year, the commercial real estate market across Houston, Katy, and Fulshear is positioned for transformative growth. Whether you’re considering hotel development, retail expansion, or mixed-use investment, the time to act is now.

Ready to explore CRE opportunities in this booming market? Let’s connect and make the most of this unprecedented growth!

I’m an experienced Commercial Real Estate Broker, please feel free to reach me at 281-222-0433.

#HoustonCRE #KatyRealEstate #FulshearInvestments #CommercialGrowth #CREOpportunities #HospitalityBoom #WorldCup2026

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World Cup 2026 Economic ImpactHouston Commercial Real EstateRetail and Mixed-Use DevelopmentsKaty REal Estate DevelopmentFulshear Investment OpportunitiesHospitality Market Growth

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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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.