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

📊🔥 “Why Class A Multifamily Is Still Outperforming: Rent Growth Surges While Class B & C Struggle” 🏙️

🏢📈 “Class A Apartment Rents Keep Rising in 2025 — Even as Occupancy Slips Behind Lower-Tier Units” 🚀

December 06, 20252 min read

🏢📈 “Class A Apartment Rents Keep Rising in 2025 — Even as Occupancy Slips Behind Lower-Tier Units” 🚀

📊🔥 “Why Class A Multifamily Is Still Outperforming: Rent Growth Surges While Class B & C Struggle” 🏙️


“Class A Rents Climb Higher Even as Occupancy Trails Lower-Tier Apartments”

The U.S. multifamily market continues to defy expectations in late 2025 — and nowhere is this more obvious than in the performance gap between Class A and lower-tier units. Despite historic levels of new apartment supply hitting the market, Class A rents continue to rise, even as occupancy now trails Class B and Class C communities for the first time in years.

Class A Holds Strong as New Supply Floods the Market

Developers have delivered more luxury units in the past 36 months than during any other three-year period in U.S. history. That surge has undeniably softened fundamentals, yet tenant demand for high-end product remains remarkably strong.

In October 2025:

·Class A occupancy: 94.6%

·Class B & C occupancy: 95%

While slightly below their historical averages, lower-tier apartments are now leading in pure occupancy for the first time since 2019.


Rent Growth Tells a Very Different Story

Nationwide effective asking rents fell 0.7% YOY, the sharpest drop in more than four years. But this decline is overwhelmingly concentrated in older inventory:

·Class C rents: ↓ 3.2% YOY — worst decline in nearly 14 years

·Class B rents: ↓ 0.6% YOY

·Class A rents: ↑ 1.4% YOY — marking 55 consecutive months of rent increases

Even with supply pressure, Class A continues to outperform due to:

✔️ Higher-income renter demand
✔️ Strong lease-up velocity in new builds
✔️ Amenity-driven value retention
✔️ In-migration to Sun Belt cities

In short, renters are still willing to pay for quality — even when cheaper options exist.


How the Rents Stack Up in October 2025

The pricing spread between luxury and workforce housing remains one of the most important investor indicators:

Asset Class

Avg. Monthly Rent

Class A

$2,370

Class B

$1,818

Class C

$1,521

That $560 Class A–Class B rent gap underscores both affordability challenges and persistent demand for premium space.


THE INVESTOR TAKEAWAY

Even as occupancy in Class A dips below Class B and C, premium pricing power remains firmly intact.

For investors, this means:

🔹 Class A resilience is real: rent growth continues despite supply pressure
🔹 Class B & C softness may offer value-add entry points
🔹 Luxury lease-ups are proving more durable than expected
🔹 Sun Belt and high-growth metros continue to outperform

With 55 straight months of Class A rent growth, the high end remains the most reliable revenue driver in an otherwise mixed apartment market.


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


Class A apartment rentsmultifamily market 2025multifamily market 2026 multifamily market 2027Class B and C occupancy trendsUS Rent Growth 2025US Rent Growth 2026US Rent Growth 2027luxury apartment demandmultifamily investment insightsrent declines Class CClass A occupancy rateapartment rent spreadmultifamily market forecast
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.

📊🔥 “Why Class A Multifamily Is Still Outperforming: Rent Growth Surges While Class B & C Struggle” 🏙️

🏢📈 “Class A Apartment Rents Keep Rising in 2025 — Even as Occupancy Slips Behind Lower-Tier Units” 🚀

December 06, 20252 min read

🏢📈 “Class A Apartment Rents Keep Rising in 2025 — Even as Occupancy Slips Behind Lower-Tier Units” 🚀

📊🔥 “Why Class A Multifamily Is Still Outperforming: Rent Growth Surges While Class B & C Struggle” 🏙️


“Class A Rents Climb Higher Even as Occupancy Trails Lower-Tier Apartments”

The U.S. multifamily market continues to defy expectations in late 2025 — and nowhere is this more obvious than in the performance gap between Class A and lower-tier units. Despite historic levels of new apartment supply hitting the market, Class A rents continue to rise, even as occupancy now trails Class B and Class C communities for the first time in years.

Class A Holds Strong as New Supply Floods the Market

Developers have delivered more luxury units in the past 36 months than during any other three-year period in U.S. history. That surge has undeniably softened fundamentals, yet tenant demand for high-end product remains remarkably strong.

In October 2025:

·Class A occupancy: 94.6%

·Class B & C occupancy: 95%

While slightly below their historical averages, lower-tier apartments are now leading in pure occupancy for the first time since 2019.


Rent Growth Tells a Very Different Story

Nationwide effective asking rents fell 0.7% YOY, the sharpest drop in more than four years. But this decline is overwhelmingly concentrated in older inventory:

·Class C rents: ↓ 3.2% YOY — worst decline in nearly 14 years

·Class B rents: ↓ 0.6% YOY

·Class A rents: ↑ 1.4% YOY — marking 55 consecutive months of rent increases

Even with supply pressure, Class A continues to outperform due to:

✔️ Higher-income renter demand
✔️ Strong lease-up velocity in new builds
✔️ Amenity-driven value retention
✔️ In-migration to Sun Belt cities

In short, renters are still willing to pay for quality — even when cheaper options exist.


How the Rents Stack Up in October 2025

The pricing spread between luxury and workforce housing remains one of the most important investor indicators:

Asset Class

Avg. Monthly Rent

Class A

$2,370

Class B

$1,818

Class C

$1,521

That $560 Class A–Class B rent gap underscores both affordability challenges and persistent demand for premium space.


THE INVESTOR TAKEAWAY

Even as occupancy in Class A dips below Class B and C, premium pricing power remains firmly intact.

For investors, this means:

🔹 Class A resilience is real: rent growth continues despite supply pressure
🔹 Class B & C softness may offer value-add entry points
🔹 Luxury lease-ups are proving more durable than expected
🔹 Sun Belt and high-growth metros continue to outperform

With 55 straight months of Class A rent growth, the high end remains the most reliable revenue driver in an otherwise mixed apartment market.


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


Class A apartment rentsmultifamily market 2025multifamily market 2026 multifamily market 2027Class B and C occupancy trendsUS Rent Growth 2025US Rent Growth 2026US Rent Growth 2027luxury apartment demandmultifamily investment insightsrent declines Class CClass A occupancy rateapartment rent spreadmultifamily market forecast
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