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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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🌟 CRE Sectors Near Equilibrium: Key 2025 Performance Highlights 🌐

🏢 CRE Market Trends 2025: Multifamily, Office, Retail & Industrial Insights 🏗️

Commercial Real Estate

January 14, 2025•3 min read

🏢 CRE Market Trends 2025: Multifamily, Office, Retail & Industrial Insights 🏗️

🌟 CRE Sectors Near Equilibrium: Key 2025 Performance Highlights 🌐

Finding Balance: How Commercial Real Estate is Reaching Equilibrium

Hey there, CRE enthusiasts! Let’s chat about some intriguing insights from Moody’s latest sector-by-sector analysis. It seems 2025 might be the year the commercial real estate industry finally finds its footing. While not every sector is thriving, there’s enough optimism to go around, with each sector charting its unique path to equilibrium.

Multifamily: Steady Demand Balances Supply Shocks 🏢

First up, the multifamily sector. Moody’s describes its second-half performance as balanced, which feels like a rare word in the real estate world these days! With 300,000 new units completed across 79 major metros, vacancy rates have crept up slightly to 6.1%—the highest since 2011.

So, what’s holding it all together? Population growth, fueled by a rapid recovery in immigration, and a tight single-family housing inventory. People simply aren’t ready to leave the rental market, which is great news for multifamily owners.

Rents continue to climb, albeit modestly, with the national asking rent closing 2024 at $1,850. Class A inventory is driving competition, and longer lease-up times have introduced concessions into the mix. It’s a give-and-take market, but renters and landlords seem to be coexisting in harmony for now.

Office: Struggling, But Signs of Stability 🏢💻

Ah, the office sector—our post-pandemic wildcard. The national office vacancy rate hit a record high of 20.4% in Q4 2024. Ouch. Effective rents barely budged, increasing by just 0.1%.

Still, there’s hope. More firms are leaning into in-person workdays, and return-to-office rates are stabilizing. The trend toward newer buildings designed for collaboration over cubicles is redefining the “flight to quality” narrative. With 17.5M square feet of new construction in 2024—still below pre-pandemic levels—there’s a cautious optimism that office spaces will eventually align with new work models.

Retail: Steady as She Goes 🛍️

Retail, you sly devil. While other sectors wrestled with volatility, retail vacancy remained rock solid at 10.3% in Q4. Asking rents nudged up to $21.90 per square foot, while effective rents reached $19.19.

This stability is largely thanks to resilient retail sales, bolstered by robust household finances, a cooling inflation rate, and those oh-so-helpful Federal Reserve interest rate cuts. Consumers are still spending, particularly on motor vehicles and online merchandise, keeping the sector buoyant.

Industrial: Still the Post-Pandemic Star 🌟

And then there’s industrial—our MVP. Vacancy rates dipped to 6.9%, below pre-pandemic levels. While new construction starts have slowed, some delayed projects could re-enter the pipeline, potentially nudging vacancy rates up.

Rents continue to grow, though at a slower pace, with both asking and effective rents increasing by 0.3% in Q4. It’s clear that industrial real estate remains a bright spot, driven by strong demand and a more cautious approach to new builds.

What’s Next?

So, where does this leave us? Each sector has its challenges, but collectively, they’re inching toward a new normal. Whether it’s multifamily’s balanced act, retail’s quiet resilience, industrial’s continued dominance, or the office sector’s slow reinvention, the commercial real estate market is finding its rhythm.

2025 might not be the year of explosive growth, but it could be the year we look back on as the moment CRE found its groove. What do you think—are we on the brink of balance, or is there still turbulence ahead? Let’s discuss!

#CRE #RealEstateTrends #Multifamily #IndustrialRealEstate #RetailGrowth #OfficeSpaces #MarketEquilibrium

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

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Multifamily sectoroffice vacancy ratesCommercial Real Estate (CRE)industrial real estateretail market trendsReal Estate Equilibrium

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.