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Negotiating a commercial lease usually means that a landlord can expect multiple years of reliable rental revenue. Commercial leases typically last longer than residential leases at a higher rate per square foot. Tenants also share maintenance responsibilities with a...
Texas holds a prominent place in the commercial real estate market, offering prime locations that attract high-end investors. For investors and business owners seeking premium office space, these properties represent significant investments that promise high returns....
Houstonians do not have to look hard to see that it is boom times for property development. The Texas Workforce Commission reported that the metro area gained a robust 150,000 jobs in the first 11 months of 2022, which is one of the best for metro area job creation....
The economy in Texas has been rapidly diversifying in recent decades, and there are many newer types of business opportunities. Some investors are looking at transit-oriented development (TOD) as a potentially sound investment. According to the Kinder Institute at...
It is common for buyers, sellers, lenders and real estate professionals to place different appraisal values on the same property. Reconciling the differing values is a significant part negotiations between the buyer and the seller. However, once they can arrive at an...
Ground leases are typically 99-year property leases between the tenant and property owner. During the lease, the tenant or lessee typically develops a site by erecting a commercial building or taking over an existing site and making it their own. At the end of the...
The white-hot real estate market here in Texas and throughout the country has been a prime reason for the Federal Reserve to raise its interest rates four times in 2022, going to the highest rate since 2008. This change caused a modest and slow decline in prices in...
Commercial property with an easement can be an excellent investment, but it is essential to understand precisely how it will impact the property and its value before closing the deal. Easements are legally binding interest in a property that enables non-owners or...
Houston famously does not have zoning laws, but most major cities do. Despite the lack of zoning laws, there is a complex system of codes, ordinances and rules in place. Zoning rules and other real property codes foster organized growth in a community to ensure that...
Real estate development types change with the times. The 1950s saw the rise of suburban tracts of single-family housing. More recently, there was a push to renovate and repurpose industrial spaces and old buildings to serve new users. In future decades, the current...