Description

Our August 5th PRO Perspective features Branson Blackburn, Vincent Knipp, and Landan Dory to discuss Texas' current net lease market. Crexi's PRO Perspective series explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Kyla Dickman and Yannis Papadakis join Branson, Vincent, and Landan in a thorough examination of the Texas commercial real estate market, specifically in the realm of net leases. Some key conversational takeaways include: - A large portion of buyers are out-of-state investors from Florida and California, those enamored with Texas' commercial real estate market and see it as a solid investment opportunity - Texas-focused buyers pay close attention to cap rates, the fundamentals of particular assets, and available credit when determining options in urban, rural, secondary, and tertiary markets - Cap rate compressions are more affected by the tenants themselves than where an asset is located, particularly amid COVID-19 - Texas' CRE market is still strong, thanks to its business-friendly regulations, high-ranking domestic population and migration, and massive GDP. - As more people arrive in Texas, there's a higher demand for every asset class and type of business to support that growth. Like this? Hop over to our blog to check out the latest CRE hot tips and insights: https://www.crexi.com/insights