Our rates are low, our application is quick and easy! We can get you clear to close in as little as 10 days!
NMLS ID # NMLS # 228246
William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.
Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
Mortgages can be tricky, and it's easy to make mistakes that can end up costing you dearly. That's why we've put together this list....
Let's talk about some ways you can improve your credit score! Your credit score is actually a big deal, and it can affect...
🌟Construction & Demand Drive Houston's Industrial Success! 🏢
Hey there, Houston! 🌟 The second quarter has been fantastic for our industrial market, keeping up the solid momentum from the beginning of the year. Tenant demand is skyrocketing, thanks to our growing population and affordable living costs. And guess what? The forecast for the rest of the year looks bright and sunny as potential rate cuts could boost investments and construction. 🌞💼
📈 Leasing Activity Surges: The Houston industrial market saw a 25.7% increase in leasing activity, jumping to 10.8 million square feet from 8.6 million SF last quarter, marking a 12.4% year-over-year rise. 🏢✨ Integra Mission Critical made the biggest splash with a 1.2 million SF sublease from Wayfair, who never occupied their new building in Prologis' Presidents Park. 🏗️
🏗️ Construction & Vacancy Rates: New supply hit 7.3 million SF, outpacing the current net absorption of 3.2 million SF, which is a 4.7% increase from last year. The vacancy rate nudged up by 40 basis points to 7.7%. But don't worry, the construction pipeline is still 48% pre-leased, although it has shrunk to 12.1 million SF from 33.7 million SF year-over-year. 📉
💲 Rental Rates: Rents are climbing, too! We saw a rise to $9.58 PSF NNN from $9.43 PSF NNN last quarter, representing a 4.8% growth rate year-over-year. 📈💰
Despite a slowdown in construction after years of record-setting levels, leasing activity is picking up. With a solid 48% of under-construction properties pre-leased, we're on track to more sustainable levels. 🎢
🌆 Steady Absorption & Rising Rents: Net absorption is holding steady at 3.2 million SF, and rental rates are up 4.8% year-over-year. However, the vacancy rate at 7.7% continues to rise due to the influx of new construction. We might see rental rates plateau in the second half of 2024 before climbing again in late 2025. 📊
Developers face challenges in capitalizing new projects due to today's debt and equity markets, along with landowners' high pricing expectations from 2021 and 2022. But with strong leasing activity, developers are back hunting for new land positions heading into 2025. 🏞️💼
Now could be a golden opportunity for tenants to strike advantageous long-term deals, especially in larger big-box vacancies. Landlords, responding to slight overbuilding in certain sectors, are offering aggressive concession packages. But this window might not last, given the strong leasing activity and limited future deliveries. 🏭🏢
More developers are selling to owner/users, who believe owning real estate is a great hedge against inflation. With Houston's business-friendly environment and low cost of living, many tenants are relocating here, even willing to pay a premium to own a building. This trend boosts sales and diversifies supply chains. 🏘️🔑
As we head into an election year, we remain cautiously optimistic. Reduced vacancies due to rising overall requirements are happening, although bulk distribution faces a slowdown. Active industries include furniture, retail goods, hardware, solar, building materials, food and beverage, 3PLs, and manufacturing. 🛋️🔨🌞
Houston's strong manufacturing presence, coupled with a lack of quality manufacturing facilities, has spurred build-to-suit activity. The Port of Houston's increasing container volume also bolsters future industrial space demand. With our growing population, multiple deep-water ports, and two international airports, Houston remains a powerhouse in the national economy for logistics and manufacturing. 🛳️✈️
Stay tuned, Houston! The future looks bright! 🌟✨
#HoustonIndustrial #RealEstateBoom #TenantDemand #Construction #LeasingActivity #HoustonGrowth #CommercialRealEstate #HoustonEconomy
Need more help? I’m an experienced Commercial Real Estate Mortgage Broker, please feel free to reach me at 281-222-0433.
https://medallionfunds.com/bill-rapp/
https://www.billrapponline.com/
https://houstoncommercialmortgage.com/
https://findamortgagebroker.com/Profile/WilliamRappJr28883
https://doctorvideo.billrapponline.com/
https://veteransvideo.billrapponline.com/
https://mortgageviking.billrapponline.com/
https://fha203h.billrapponline.com/
https://renovationvideo.billrapponline.com/
https://www.smartbizloans.com/partner/vikingenterprisellc/bill
https://www.fastexpert.com/loan-officer/bill-rapp-95119/
https://billrapponline.com/financingfuturescre-houston-katy
© 2023-2024 Bill Rapp, Medallion Funds LLC, Director of Capital Advisory
Buying your first home can be both exciting and nerve-wracking at the same time. With so many things to consider and....
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy
Copyright ©2021 | Mortgage Viking Team
Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014
Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/
Copyright ©2021 | Mortgage Viking Team Licensed to Do Business | NMLS # 228246
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply
Corporate | NMLS ID NMLS # 1825831
Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014 https://medallionfunds.com/bill-rapp/
Facebook
Instagram
X
LinkedIn
Youtube
TikTok