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Commercial Real Estate Archives

Commercial real estate in Texas: What to watch in 2018

Entrepreneurs are wise to keep close tabs on the real estate market in Texas. A recent report by the National Association for Industrial and Office Parks (NAIOP) Commercial Real Estate Development Association ranks the Lone Star State top in the nation for growth within the commercial real estate market.

Houston commercial real estate takes a fresh approach

The commercial real estate market often fluctuates with the economy. As the economy is doing well, so is the commercial real estate market. The market in Houston has experienced a few set-backs in recent years, but appears to be poised for growth.

Some pitfalls in first-time leasing of commercial real estate

There are some real dangers that a business owner in Texas may encounter when leasing its first commercial business space. Experts have postulated the common mistakes that first-time lessees may encounter when leasing commercial real estate. One common mistake is to commit to a rental rate that is higher than the business can afford. A basic site is sufficient in the early stages of the business and the owners should not get obsessed with glitter and fancy facades.

Commercial real estate guidelines for spotting the serious buyer

The commercial real estate business in Texas these days is reportedly robust and active. In such an environment, several inquiries and offers may come in on any particular commercial real estate property that is on the market. With that volume of activity, the seller often needs to determine the quality of the supposed buyer that is encountered.

Common rules for commercial real estate investments

Real estate investors in Texas sometimes start with single family residences that they rent out. When an investor feels confident with that kind of property, he or she may move on to multi-family projects and into other areas of commercial real estate. For those who are unsure of the process of moving into multi-family and commercial investments, there are some general rules to consider.

Commercial real estate moving toward emissions standards

Texas is vulnerable to the impact of climate change on its commercial properties, an impact that also affects commercial properties worldwide. Many of the world's leading commercial real estate owners are coming around to seeing the dangers of global warming and are responding accordingly. According to the Urban Land Institute's Greenprint Center for Building Performance, building owners on a global level are making progress in mitigating the risks of climate change. They are reducing water usage, carbon emissions and energy consumption by significant percentages.

Warehouse boom shines the light on commercial real estate

Unadorned warehouse space has never been the glamour showcase of commercial real estate. However, an unexpected but logical outcome of the Internet revolution has been the growth of e-commerce, along with the consumer's demand for the rapid delivery of retail purchases made online. From the beginning, companies like Amazon have excelled in delivering their products rapidly throughout the United States, including here in Texas, by using commercial real estate consisting of warehouse and storage space.

Commercial real estate industry may face labor shortages

As the commercial real estate industry in Texas and elsewhere struggles with how to keep a workforce in coming decades due to the mass retirement of baby boomers, the government is set on a course of immigration restrictions. The effect of that policy may be to reduce drastically the number of immigrants available to work many of the traditional commercial real estate jobs on the market. It is also seen that U.S.-born residents of working age are on the decline for the future.

Aging Malls Present Challenges And Opportunities

Online shopping is often blamed for the demise of the American mall. And while the shift away from traditional retail environments in favor of laptop browsing has indeed thrown the mall model into crisis, some argue that part of the problem lies with developers who have failed to change with the times, building new malls and letting the old ones go to rot.

Will Hurricane Harvey Change The Rules Of Development In Houston?

In the wake of Hurricane Harvey, the booming Houston real estate market has some reckoning to do. Damaged properties must be demolished or rebuilt, which will, at least temporarily, tax the availability of construction workers for new builds. The subsequent demand for and rising cost of construction materials may also be a barrier to construction. And then there is the question of how things will be done differently in the future, if at all.

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