For over 20 years, CXRE’s Houston-based team of commercial real estate professionals has been providing business like you with first-in-class commercial property management, office leasing, commercial brokerage and financial reporting services.
You have unique requirements for your office building assets and seek maximum performance from them. The CXRE team of brokers, agents and other real estate professionals is ready to help you get the most from your commercial real estate investment.
As the leading Houston commercial real estate firm, we have decades of experience in identifying the best locations in the Greater Houston market. We serve Houston, Dallas–Ft. Worth, and San Antonio as well as Sugar Land and many other local submarkets.
The CXRE Difference: Tenant-Centricity and Deal Speed
Beyond having mastered the Houston real estate region, we base our services on pleasing tenants and executing transactions with speed.
Your success depends on getting quality tenants in place quickly and keeping them there, and we do everything to make that happen. That’s why we handle everything from office leasing all the way to commercial property management.
Additionally, our decades of office, warehouse and alternative asset experience give us the inside track. We generally hear about Houston commercial real estate deals before other firms. And we close them quickly—no more waiting around or calling for status updates. You’ll hear from us sooner than you expect!
CXRE agents focus on your assets, first assessing what you have and then listening to what you need. In the end, we create a plan that benefits you the most. All in all, we serve you with excellence. What’s more, we provide the same great service to every client, every time.
COMMERCIAL PROPERTY MANAGEMENT
On the whole, we have over 20 years of commercial real estate management experience. Because of this, our property managers can help retain your tenants and strengthen your asset.
TEXAS PROPERTY MANAGEMENT
CXRE chiefly provides Texas-wide commercial property management services. Specifically, we handle office space, medical office, medical, industrial-flex, and virtual office spaces.
Decades of Experience With Commercial Real Estate in Houston
At CXRE, we manage all your facility services ourselves. Our depth and breadth of expertise means we know the real cost of owning Houston commercial real estate. We take every step to maximize your payoff while keeping tenants satisfied.
Additionally, we know how to gauge alternative space usage. Specifically, we increase financial benefits for both owners and tenants. In other words, we bring years of industry savvy to every commercial real estate transaction.
Although we specialize in Houston office spaces, we handle more than office buildings. We can also help you find the perfect medical office building, retail strip center, industrial warehouse, or raw land.
No matter what type of commercial property you’re seeking, our agents can help you assess, buy, or sell it. When it comes to Houston commercial real estate, CXRE is your advocate.
Above all, our in-house compliance, technical, and engineering experts are always on your side. At the same time, our services help you keep tenants in your properties. Basically, our ace team enables your Houston properties to reach their full potential.
20 YEARS AND 5,000,000 SQUARE FEET CAN’T BE WRONG
Exploring Commercial Real Estate in Houston
No one knows Houston Commercial Real Estate like CXRE. After 20 years in the industry, we know the market trends: what’s hot and what’s not. On top of that, we work in almost every submarket throughout the Houston metro area.
Our deep, intimate knowledge of the greater Houston area gives us an immediate edge over our competitors. Furthermore, we can handle a wide variety of assets: office buildings, retail properties, medical facilities, industrial properties, and even undeveloped land. As such, we can help you explore all your opportunities in commercial real estate in Houston.
Getting Deals Done Quickly
We’re experts at property procurement. At CXRE, we get deals done quickly. With every deal we do, we’re respectfully aggressive with the deal negotiations. When you work with our team, we do our best to take the pain out of negotiations and do right by you.
At the same time, we never rush the negotiation process. Instead, we do all we can to speed the process as much as possible. Yet we make sure to dot all the i’s and cross all the t’s. As your advocates, we work quickly and efficiently on every deal.
However, we aren’t focused on speedy negotiations only. On top of being speed-focused, we’re also property management experts. Consequently, we can manage your existing portfolio with a wide range of full-service solutions. But we don’t offer a host of options to overwhelm and impress you.
Instead, we offer the solutions that best suit your needs. Regardless of the size of a single property, or the size of your portfolio, our scalable solutions fit your goals. Rather than cookie-cutter strategies, we provide customized solutions that make the most of your assets.
In addition to getting deals done, another of our main goals is helping you maximize your existing commercial real estate assets. We do this through our team-based, tenant-centric model. Because we focus on tenants, we serve you through serving the companies that keep you in business.
After all, satisfied tenants are the lifeblood of Houston commercial real estate. Without tenants, your assets don’t perform well. Not only that, but underperforming affects your bottom line. Because of this, our solutions are designed to help you retain tenants.
Without a doubt, we know that without tenants, your assets suffer. Our systems prioritize excellent communication and focus on your tenants’ needs. Whenever CXRE manages a property, your tenants never need to wonder if a call will be answered or if a maintenance request will be completed.
Join the Leader in Houston Commercial Real Estate Firms
Do you envision yourself as a successful commercial real estate broker? Is your career path currently leading you toward the success you dream about? If not, what’s holding you back? Could a career move be the thing you need to jump start your commercial real estate success? If so, CXRE could be your new home.
While it’s true that you can be a broker anywhere, ask yourself some questions. Does your current role provide training and professional development? Does it offer the freedom and independence you need to grow? Do you have a professional staff supporting you? If not, then you may need to rethink your career path.
As a tenant-centric, speed-focused firm, we value our clients, their tenants, our staff, and our brokers. Not only that, but our continued success means our Houston offices continue to grow. As our reach expands throughout the Houston commercial real estate market, we continually search for outstanding brokers to join our team.
CXRE: Commercial Real Estate Done Right
So, what sets CXRE apart from other Houston commercial real estate firms? Several things. First, we use a team approach in which your fellow brokers aren’t competitors. By working together, we can do more. Second, we make an exceptional support team available to you. Since we value brokers, we’ve set up well-resourced teams to support them. Third, we offer top-notch coaching for brokers like you. Above all, we value excellence and integrity in every interaction and every service we perform.
To best support our brokers, we have the staff, training, tools, independence, and senior management support to fulfill their commercial real estate aspirations. If you’re a broker who feels stuck where you are, then we believe you can achieve more. To be sure, we can help you attain the knowledge and skills you need to reach your potential and become the best broker you can be.
Does CXRE sound like your dream team? If the answer is ‘yes’, visit our Careers page to learn more about working with one of the top Houston commercial real estate firms.
Bank of America Center
700 Louisiana Street, #3950
Houston, Texas 77002
North Houston Administrative Office
19747 U.S. Highway 59 North, #210
5 STEPS TO INVESTING IN COMMERCIAL REAL ESTATE IN HOUSTON
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Houston Commercial Real Estate Services
Managing Across the Houston Area
Harris County Commercial Real Estate
CXRE covers the entire Houston office market, from The Woodlands and the central business district to the West Beltway 8 and Clear Lake / NASA. In effect, wherever there’s commercial real estate, we’re there too. Because of this, we know the Houston submarkets. On top of that, we can help with all your Houston office leasing needs.
Houston’s Largest Submarket Trends: Vacancy and Leasing Rates
In general, the closer you are to Houston’s central business district, the higher the asking rates. So, it’s no surprise that leasing office space costs more in the CBD.
For example, Houston CBD Class A office space goes for over $43 per square foot. In contrast, Class B offices lease for as little as $16 per square foot in some suburban submarkets.
Another trend is increased vacancy. Although overall, average office vacancy is up, vacancy rates vary throughout Houston.
For instance, vacancy in some suburban areas is as high as 44%. At the same time, some desirable submarkets (the CBD, The Woodlands, Greenway, The Galleria) have single-digit vacancy rates.
In particular, The Galleria goes against Houston’s largest submarket trends. Not only is it Houston’s second largest office submarket, but it also has vacancy rates below average.
On the whole, The Galleria is an ideal location for business. It also offers plenty of options for leisure activities. Because it’s one of Houston’s most desirable commercial areas, The Galleria has seen rental prices steadily rise while vacancy is falling.
Westward Expansion: Another Houston Submarket Trend
Because West Houston is one of the fastest-growing suburban areas, it’s a hotspot for relocation. On the whole, much of Houston’s recent suburban growth has been to the west, outside Houston’s Inner Loop.
Further west are areas like West Beltway 8, Katy Freeway West, and Katy Freeway East. Development along Beltway 8 has led to growth in commercial office space. In the coming years, expect more growth in Houston’s western commercial office markets.
PROACTIVE OWNER REP SERVICES
At CXRE, we maximize lease term lengths and revenue by offering remarkable client service, building deep relationships, and engaging proactively with real estate users across Greater Houston.
TURNKEY BROKERAGE AND MANAGEMENT
As one of the top Houston commercial real estate firms, CXRE provides a complete range of property services across Harris County and the Houston—The Woodlands—Sugar Land metro area:
- Lease administration
- Asset financial management
- Build-out project management
- Facility maintenance
- Stakeholder reporting
Information on the Houston Office Market
There are more than 2.3 million people in the City of Houston and more than 6.3 million in the entire Houston metro area. On top of that, the city continues to grow. For instance, between 2018 and 2019, almost 122,000 people moved to Houston.
Houston’s growth is second in the nation only to that of Dallas-Fort Worth. What’s more, experts predict this growth will continue. By 2020, Houston should have 2.5 million residents.
A Demand for More Commercial Office Space in Houston
A growing population means a growing demand for office space. However, Houston-area office occupancy rates are unusual. In general, Houston’s office vacancy has been rising for a few years. For example, Houston office vacancy increased from 13.4% in Q4 2014 to 17.5% in Q2 2019.
In general, higher vacancy and a glut of available office space is good news for office tenants. Indeed, Houston tenants have their choice of great office spaces at competitive rates. For example, sublease space decreased by $1.23 per square foot in the past 12 months.
Without a doubt, efficiency means doing the right things. CXRE focuses client resources on what’s most important.
Going beyond efficiency, CXRE is the Harris County leader in doing things right. We accomplish this through innovative business modeling, reporting, and asset maximization.
Because we value remarkable client service, CXRE property managers get their training at AAA Five Diamond resorts.