CXRE » texas

5 Things You Need to Know Before Buying a Texas Storage Unit Development

In 1964, Russ Williams and his stepson Bob Munn built the first self-storage facility with garage-style doors in Odessa, Texas. Over the years, self-storage facilities have cropped up all over the nation. As Americans increase spending, we need spaces to store our “stuff.” That’s why the storage unit industry is thriving. Currently, self-storage is a multi-billion dollar industry, bringing in $39.5 billion in annual revenue last year alone. Almost 10 percent of all American households rents a self-storage unit and spends an average of $88.85 per month to store their belongings. As of last year, the United States had about 1.7 billion square feet of storage space in about 50,000 storage facilities. To put that number in perspective, self-storage developments outnumber both U.S. McDonald’s restaurants (over 14,000) and Starbucks locations (around 12,000) combined. Nationwide, storage units typically see a 92% occupancy rate. But those statistics differ based on geographic location and other factors. For investors, […]

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Fair Housing Act and ADA Regulations in Texas

For building owners, property managers, real estate agents, or other real estate professionals in Texas, knowing and complying with Fair Housing regulations and the Americans with Disabilities Act is crucial. Depending on the location of your property, your role in leasing or sales, and the age of the property, you are subject to federal, state, and local fair housing and ADA laws. Here, we are outlining the federal Fair Housing Act and the Americans with Disabilities Act. Also, we explore Texas accessibility standards and Texas fair housing requirements. It’s important to note that some jurisdictions in Texas have additional protections for marginalized groups not covered by federal and state protections. Knowing, understanding, and following these fair housing and accessibility laws is crucial to your success as a real estate professional. Failure to comply with these regulations could result in expensive fees and fines, or potential litigation. The Federal Fair Housing Act In 1968, Congress passed […]

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Houston Texas Commercial Property Management

For more than 20 years, CXRE has offered professional commercial property management in the Texas major markets like Houston. Specifically, we provide commercial real estate management services for your commercial office, industrial, retail, and medical office assets. We also offer institutional-grade commercial property management services in Houston, Dallas, and San Antonio. We take an approach that is different from other commercial property management companies. Our tenant-centric approach makes CXRE stand out from the competition. Property Management & Leasing What’s the Difference Between Commercial Property Management Companies? As a commercial real estate investor, you know that purchasing and managing commercial properties are completely different. After acquiring a property, the real work starts. By hiring a commercial property management company, you can ensure effective communication with tenants. On top of that, you’ll stay compliant with local laws and regulations while protecting your investment.   Over more than 20 years in commercial property management, we developed three pillars that […]

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What Does the Future Hold for Texas Commercial Real Estate?

Texas is home to six of the top 20 largest American cities, great music, amazing barbecue, and the Dallas Cowboys. The Lone Star State also has lots of room for commercial growth. Below we look at the future of Texas commercial real estate. Texas’ Explosive Population Growth The Lone Star State leads the nation in population gain and is the top destination for relocating Americans. Eight of the top 15 counties for population gains are in Texas. Between July 1, 2016, and July 1, 2017, the Dallas and Houston metro areas were first and second respectively for the nation’s top gaining metro commercial real estate markets; Austin was eighth. Collectively, these three metros added gained a combined 300,000 new residents. Why All the Growth? These population gains aren’t a new trend for Texas and they don’t seem to be slowing. Why are so many people relocating to Texas? CNN Money says that most people are […]

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The Top Traits of Great Leaders (and How to Implement Leadership in Your Work Day, Today!)

If you aren’t totally happy with an aspect of your career (or are a firm believer than you could always improve something in order to achieve future goals) then this article is for you. Could winning more in your work life be as simple as exuding a win/win attitude? Could harnessing your intuition amount to better decision making?  It just may be that easy. Read on to learn what leaders do and how you can follow in their footsteps. Leaders Have a Win/Win Attitude Does it seem like those in a high position (the President of a company, a successful entrepreneur or your boss) avoids drama at all costs? Do they seem to get more done, and in less time than most people you know? Call it a cause and effect of the ‘win/win’ attitude. When you assume a ‘win/win’ attitude, you look for solutions, instead of dwelling on the problem.  If you feel overwhelmed […]

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