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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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⚽ World Cup 2026: Impact on Houston Real Estate 🏢

📊 Houston’s CRE Surge with Record-Breaking Tourism ✈️

Commercial Real Estate

November 18, 2024•4 min read

📊 Houston’s CRE Surge with Record-Breaking Tourism ✈️

⚽ World Cup 2026: Impact on Houston Real Estate 🏢

Houston is making headlines for more than just its thriving industries—2024 is set to be a record-breaking year for visitors! With 54 million people projected to visit the Bayou City, up from 51 million in 2023, Houston is solidifying its place as a major travel and event destination. So, what does this mean for commercial real estate (CRE)? Let’s dive into the numbers and opportunities. 👇

A Booming Hotel Market 🏨📈

Houston First Corp., the city’s destination marketing organization, announced this impressive visitor surge during its State of the Visitor Economy event. Not only is Houston poised to smash its all-time visitor record, but hotel bookings are also through the roof! The city is on track to surpass its stretch goal of 830,000 hotel rooms booked for conventions this year—a number that’s already driving hotel revenue per available room up by 15%.

What’s fueling this growth? Major events like the Professional Convention Management Association Convening Leaders conference in January, the 2026 World Baseball Classic, and FIFA’s World Cup matches are just the tip of the iceberg. These events bring waves of visitors, creating a ripple effect on local hotels, restaurants, and entertainment venues. 🌍⚾

Transforming Houston’s Convention Scene 🏗️✨

The George R. Brown Convention Center is about to undergo a $2 billion transformation, with groundbreaking set for next year. By 2028, the convention district will feature a brand-new building, giving Houston a cutting-edge venue to rival cities like Chicago, Dallas, and Atlanta. This investment highlights the city’s commitment to attracting world-class events and creating a modern, competitive edge in the convention market.

For CRE investors, this signals a golden opportunity. The surrounding areas—like East Downtown—stand to benefit from increased foot traffic, making them prime spots for retail, dining, and mixed-use developments. 🛠️🍽️

Big Events Mean Big Impact 🌟🏟️

Houston’s upcoming role as a host city for seven World Cup matches and 12 World Baseball Classic games is expected to generate an economic impact on par with the Super Bowl. Add to that a 38-day Fan Fest in East Downtown, and you’ve got a recipe for skyrocketing demand in hospitality, retail, and transportation sectors.

Think about it: international fans, media crews, and event organizers all need places to stay, eat, and shop. For CRE professionals, this is a chance to leverage Houston’s moment in the global spotlight. 🏆✈️

Why This Matters for Houston’s CRE 🏢

Houston’s record-breaking visitor numbers aren’t just about tourism—they’re a boon for the entire commercial real estate landscape. Here’s why:

1. Hospitality Sector Growth 🏨: Increased hotel bookings and revenue mean a stronger hospitality market. Developers and investors in the hotel industry should take note—Houston is becoming a top-tier destination.

2. Retail & Dining Expansion 🍴🛍️: More visitors mean more demand for restaurants, cafes, and shopping. Areas near major event venues are ripe for new retail developments or upgrades to existing spaces.

3. Infrastructure Development 🚧: The $2 billion convention center transformation is just the beginning. As Houston attracts more major events, infrastructure investments will continue to rise, offering opportunities for construction and CRE partnerships.

4. Mixed-Use Potential 🏙️: High visitor numbers often spark demand for mixed-use projects combining hospitality, residential, and retail spaces. Neighborhoods like East Downtown could see a wave of development.

Looking Ahead: Houston on the Rise 🚀

Houston First President and CEO Michael Heckman said it best: “Failure is never an option.” With record-breaking hotel revenues, Michelin-starred restaurants, and an aggressive plan to attract more conventions and visitors, Houston is on a path to becoming one of the nation’s most dynamic CRE markets.

For those in commercial real estate, now is the time to think strategically. Whether it’s investing in hospitality, retail, or mixed-use developments, the opportunities are as big as Texas itself. 🌟

What do you think Houston’s CRE future looks like as the city continues to grow its global appeal? Let us know in the comments below! 👇

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

#HoustonRealEstate #CommercialRealEstate #HospitalityGrowth #HoustonTourism #WorldCup2026 #HotelMarket #DowntownHouston #CRETrends #MixedUseDevelopment

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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.