Commercial Real Estate Services
Commercial Real Estate Services
As the saying goes, “Under all is the land.” Investment Realty Company is an expert in land sales in the San Antonio metropolitan area. We carry decades of experience in identifying the best tracts and locations for our clients who are interested in buying, developing, and investing in commercial-use land.
As an expert in land sales, we help developers and end-users s to find the ideal location for their next project. We then work closely with our client-buyers, their civil engineers, attorneys, environmental engineers, along with city departments for development and zoning, drainage approval, traffic approvals, and all the complex requirements that must be satisfied before a project can be started. Developing commercial-use land in Texas is an incredible undertaking which we are well equipped to help you take on. When it comes to problem-solving and weaving through the red tape, we’ve got you covered.
Land sales in San Antonio is our expertise. Therefore, we are experienced in all areas of commercial-use land and ready to assist you as you embark on your next land development project in San Antonio and surrounding areas.
Specific areas of commercial-use land in which we are experienced in selling and developing.
Please call on Investment Realty Company, the experts in commercial-use land sales and development to help you find the best location for your next opportunity in San Antonio and surrounding areas.
Each region of the 7 distinct market regions of Texas has its own unique landscape and character. It influences not only the average price of land but also the feasibility of building a house. Over the years, the cost of land in Texas has continued to rise, which is in consonance with the national real estate market conditions. Several factors, such as the size of the plot, the demand for land, the terrain, and the availability of the land, play a decisive role in this regard. Two major factors of high prices are the constant flux of urban dwellers to rural areas as they look for open plots of land for purposes other than commercial or agricultural and the development of rural and suburban areas.
Texas imposes a state sales tax on certain types of commercial rental properties, including non-residential real property leases. The state sales tax rate in Texas is 6.25%. In the case of San Antonio, there is an additional local sales tax rate of 1.75%, bringing the total to 8% (6.25% state sales tax + 1.75% local sales tax).
Average commercial rent in San Antonio can be dependent on various factors such as location, type of property, size, amenities, and market conditions. Average rental rates increased to $29.30 per square foot in the fourth quarter of 2022, nearly a $0.50 increase from the previous year. Class A rental rates reached as high as $33.70 per square foot, while Class B reached $27.80 per square foot.
In Texas, the commercial lease is usually negotiated between the landlord and the commercial real estate broker or agent involved in the transaction. It can vary depending on factors such as the complexity of the lease, the value of the lease, and prevailing market conditions. The standard commission rate on a commercial lease is typically between 4% and 6% of the total rent over the entire lease term. However, as it is negotiated between broker and landlord, hence in certain cases, it might have higher or lower rates depending on the circumstances.
Texas has several strong real estate markets, such as Austin, Dallas-Fort Worth, Houston, and San Antonio. Austin has a thriving tech industry and a flourishing job market. Dallas-Fort Worth is a metropolitan area with strong economic indicators and diverse industries. Houston has a robust energy industry with a variety of properties available. San Antonio has a lower cost of living compared to other cities and a vibrant cultural environment. All these cities have consistently seen an increase in demand for housing, rising property values, and robust real estate markets. This has made Texas the epicenter of the real estate sector.