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 & 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!
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.
Unlocking Insights from Houston's Office Market!
Unlocking Insights from Houston's Office Market!
In the dynamic landscape of office real estate, discerning the prevailing trends can often resemble navigating a labyrinth of conflicting opinions. Some herald the current climate as ripe with once-in-a-generation opportunities, emphasizing the urgent demand for Class-A properties and the prospect of unearthing hidden gems amidst the market flux. Conversely, others advocate for a more cautious approach, advocating for repurposing office buildings, anticipating the end of prolonged extensions, and acknowledging the potential longevity of the current downturn.
Amidst this cacophony of viewpoints, Moody’s Analytics CRE offers a pragmatic perspective focused not on overarching narratives but on identifying the characteristics that delineate the most resilient office properties. By scrutinizing rental data, vacancy rates, and a myriad of location and property attributes, they seek to unravel the patterns and trends that underpin superior rent performance.
Their methodology begins with the selection of properties with consistent rental data across 2022 and 2023. Subsequently, they quantify rent performance by calculating the percentage change in rental averages over the two years. Employing z-scores, which gauge deviations from average performance, they pinpoint properties that significantly outperform their respective markets. Physical attributes such as size, age, and location characteristics, including the Commercial Location Score (CLS), are also considered to discern patterns among top-performing properties within a metropolitan area.
Defining top performers as those with a z-score of at least 0.45, Moody’s analysis reveals intriguing insights, particularly exemplified by the Houston market. Contrary to expectations, suburban areas emerged as the bastions of performance, despite not boasting the highest business vitality scores. The top-performing submarkets, such as North/FM 1960 and Southwest, defied conventional wisdom by predominantly featuring smaller Class B or C properties.
Moreover, Houston's top performers distinguished themselves not only by rental growth but also by lower vacancy rates. Interestingly, these properties often exhibited characteristics such as lower acquisition costs, older construction years, and more frequent renovations compared to their suburban counterparts.
It's crucial to note that the attributes defining top-performing properties in one metro may diverge significantly from those in another. Therefore, investors must tailor their strategies to the unique nuances of each market, leveraging insights gleaned from detailed analyses like Moody’s to make informed decisions.
In conclusion, Houston's office market serves as a microcosm of broader trends, underscoring the importance of meticulous research and nuanced understanding in navigating the intricacies of real estate investment.
Should you need an experienced Commercial Real Estate Broker & Mortgage Broker, please feel free to contact me at 281-222-0433.
https://www.houstonrealestatebrokerage.com/
https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6
http://expressoffers.com/[email protected]
https://www.tenantbase.com/advisors/bill-rapp/
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© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial LLC
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