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
📉📈 “How the 10-Year Treasury Impacts Commercial Real Estate Pricing in 2025–2026” 📊🏢
📉📈 “How the 10-Year Treasury Impacts Commercial Real Estate Pricing in 2025–2026” 📊🏢
🏦➡️🏢 “Why the 10-Year Treasury Is Quietly Repricing CRE Deals Across the Country” 💡📉
How the 10-Year Treasury Is Quietly Shifting CRE Pricing in 2025–2026
If you invest in commercial real estate, the 10-Year Treasury (10Y) is one of the most important numbers in your world — whether you track it daily or barely think about it.
Why?
Because the 10Y acts as the gravity of CRE pricing.
When it moves, everything from cap rates to loan terms to purchase prices starts shifting — sometimes subtly, sometimes dramatically.
Today’s market is experiencing exactly that.
🔍 Why the 10-Year Treasury Matters for CRE
Commercial real estate values are directly tied to borrowing costs, and borrowing costs are tied to benchmarks like:
·The 10-Year Treasury
·SOFR
·Commercial MBS spreads
·Bank risk premiums
Most permanent CRE loans — including:
·Life company loans
·CMBS
·Agency (Multifamily)
·Some bank products
— all price based on the 10Y plus a spread.
So when the 10Y jumps from 3.5% to 4.7%, the impact cascades:
👉 Higher interest rates
👉 Higher debt service
👉 Lower leverage
👉 Lower cap rate tolerance
👉 Lower buyer purchase power
And ultimately…
👉 Lower property values.
⚠️ What’s Quietly Happening in Today’s Market
Most investors feel the softness in pricing… but many don’t understand why.
Here’s what’s really driving it:
1. The 10-Year Treasury Has Stayed Elevated Longer Than Expected
Investors began 2024 expecting rapid rate cuts.
But inflation stayed sticky — and the 10Y stayed above historical norms.
That stability is creating:
·Softer valuations
·Reduced speculative buying
·Wider bid–ask spreads
This is especially true for:
·Office
·Tertiary markets
·Class B/C multifamily
·Stabilized industrial with low NOI growth
2. Cap Rates Are Repricing to Match Higher Financing Costs
Even if sellers haven’t accepted it yet, the market already has.
A property that traded at a 5.0 cap in 2022 when rates were 3%…
cannot trade at a 5.0 cap when rates are 6.5%.
Today’s spread no longer works.
This is why investors are insisting on:
·Cap rate expansion
·Seller credits
·Price reductions
·Assumable loans
·Creative financing
3. Debt Service Coverage Ratios Are Squeezing LTVs
Banks and non-bank lenders are protecting themselves by lowering leverage.
Instead of 75% LTV…
Many deals today qualify at 55%–65% LTV because DSCR doesn’t pencil.
That alone pushes prices down.
4. Certain Asset Classes Are Thriving Despite Treasury Volatility
Not everything is soft.
Some sectors are enjoying strong capital demand regardless of rates:
·Industrial & logistics
·Medical office
·Storage in primary markets
·Land in fast-growth corridors (Katy, Fulshear, I-10 West)
·Build-to-rent (BTR)
These asset classes are powered by demographic growth — not just cheap debt.
📊 What Smart Investors Are Doing Right Now
✔ Watching spreads, not just the 10Y
A 25 bps drop in spreads can matter more than a 10Y drop.
✔ Locking in early if rates dip
Treasury dips are happening in 48–72 hour windows.
✔ Targeting sellers with adjustable expectations
Especially in tertiary markets and office.
✔ Favoring high-growth metros
Texas remains one of the strongest.
✔ Using creative financing
Assumptions, seller carry, rate buydowns, bridge → perm strategies.
🧭 Bottom Line: The 10-Year Treasury Is Repricing CRE — Quietly but Powerfully
If you’re an investor, developer, or business owner, you must track the 10Y just like you track:
·Vacancy rates
·Rents
·Supply pipelines
·New construction costs
Because over the next 12–18 months…
The investors who buy when the Treasury dips will get the best pricing.
The ones who wait may miss the window.
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/
© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
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.
📉📈 “How the 10-Year Treasury Impacts Commercial Real Estate Pricing in 2025–2026” 📊🏢
📉📈 “How the 10-Year Treasury Impacts Commercial Real Estate Pricing in 2025–2026” 📊🏢
🏦➡️🏢 “Why the 10-Year Treasury Is Quietly Repricing CRE Deals Across the Country” 💡📉
How the 10-Year Treasury Is Quietly Shifting CRE Pricing in 2025–2026
If you invest in commercial real estate, the 10-Year Treasury (10Y) is one of the most important numbers in your world — whether you track it daily or barely think about it.
Why?
Because the 10Y acts as the gravity of CRE pricing.
When it moves, everything from cap rates to loan terms to purchase prices starts shifting — sometimes subtly, sometimes dramatically.
Today’s market is experiencing exactly that.
🔍 Why the 10-Year Treasury Matters for CRE
Commercial real estate values are directly tied to borrowing costs, and borrowing costs are tied to benchmarks like:
·The 10-Year Treasury
·SOFR
·Commercial MBS spreads
·Bank risk premiums
Most permanent CRE loans — including:
·Life company loans
·CMBS
·Agency (Multifamily)
·Some bank products
— all price based on the 10Y plus a spread.
So when the 10Y jumps from 3.5% to 4.7%, the impact cascades:
👉 Higher interest rates
👉 Higher debt service
👉 Lower leverage
👉 Lower cap rate tolerance
👉 Lower buyer purchase power
And ultimately…
👉 Lower property values.
⚠️ What’s Quietly Happening in Today’s Market
Most investors feel the softness in pricing… but many don’t understand why.
Here’s what’s really driving it:
1. The 10-Year Treasury Has Stayed Elevated Longer Than Expected
Investors began 2024 expecting rapid rate cuts.
But inflation stayed sticky — and the 10Y stayed above historical norms.
That stability is creating:
·Softer valuations
·Reduced speculative buying
·Wider bid–ask spreads
This is especially true for:
·Office
·Tertiary markets
·Class B/C multifamily
·Stabilized industrial with low NOI growth
2. Cap Rates Are Repricing to Match Higher Financing Costs
Even if sellers haven’t accepted it yet, the market already has.
A property that traded at a 5.0 cap in 2022 when rates were 3%…
cannot trade at a 5.0 cap when rates are 6.5%.
Today’s spread no longer works.
This is why investors are insisting on:
·Cap rate expansion
·Seller credits
·Price reductions
·Assumable loans
·Creative financing
3. Debt Service Coverage Ratios Are Squeezing LTVs
Banks and non-bank lenders are protecting themselves by lowering leverage.
Instead of 75% LTV…
Many deals today qualify at 55%–65% LTV because DSCR doesn’t pencil.
That alone pushes prices down.
4. Certain Asset Classes Are Thriving Despite Treasury Volatility
Not everything is soft.
Some sectors are enjoying strong capital demand regardless of rates:
·Industrial & logistics
·Medical office
·Storage in primary markets
·Land in fast-growth corridors (Katy, Fulshear, I-10 West)
·Build-to-rent (BTR)
These asset classes are powered by demographic growth — not just cheap debt.
📊 What Smart Investors Are Doing Right Now
✔ Watching spreads, not just the 10Y
A 25 bps drop in spreads can matter more than a 10Y drop.
✔ Locking in early if rates dip
Treasury dips are happening in 48–72 hour windows.
✔ Targeting sellers with adjustable expectations
Especially in tertiary markets and office.
✔ Favoring high-growth metros
Texas remains one of the strongest.
✔ Using creative financing
Assumptions, seller carry, rate buydowns, bridge → perm strategies.
🧭 Bottom Line: The 10-Year Treasury Is Repricing CRE — Quietly but Powerfully
If you’re an investor, developer, or business owner, you must track the 10Y just like you track:
·Vacancy rates
·Rents
·Supply pipelines
·New construction costs
Because over the next 12–18 months…
The investors who buy when the Treasury dips will get the best pricing.
The ones who wait may miss the window.
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/
© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
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.
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