REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
99 TOLL
249
OFFICE
77070
290
77429
1960
77064
77433
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
77095
Occupancy rate
$20
Vacancy rate
278,144 square feet
529
77040
6
$19
19.4%
80.6%
18.7%
81.3%
N
77065
$18
SEPTEMBER 2022 COMMERCIAL REAL ESTATE DATA Retail rental rates in the Cy-Fair area have been declining over the past few months while demand for industrial continues to drive rates up. Construction rates for industrial real estate have slowed since the start of the year, however. In the o ce space, vacancy rates have dropped slightly since this time last year but remain relatively high compared to prepandemic levels.
5 buildings
As of Sept. 16
Q3 2021
$17
$17.12 AS OF SEPT. 16
$0
2019
2020 2021
2022
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$12 $11 $9 $10
Vacancy rate
Q3 2021
As of Sept. 16
$10.78 AS OF SEPT. 16
647,442 square feet
OFFICE
10.2%
89.8%
8%
92%
11.8M
$7 $8
12M
15 buildings
Q3 2021
As of Sept. 16
INDUSTRIAL
$0
2019
2020 2021
2022
42.1M
43.9M
RETAIL
20.8M
RETAIL
21.1M
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$24 $23 $21 $22 $19 $20
Vacancy rate
362,026 square feet
5.2%
94.8%
4.9%
95.1%
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS Although every e ort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.
$21.91 AS OF SEPT. 16
25 buildings
Q3 2021
As of Sept. 16
$0
2019
2020 2021
2022
WORTHAM GREEN IS WORTH A LOOK. Located near Highway 290 and FM 1960, this premier Class A office building offers ample parking, is steps away from multiple dining options, shopping and hotel.
713.690.0000 CaldwellCos.com
Call today to schedule a tour! Mary Caldwell, CCIM, SIOR | 281.664.6636 | MCaldwell@CaldwellCos.com
13100 Wortham Center Drive, 3rd Floor, Houston, TX 77065
37
CYPRESS EDITION • OCTOBER 2022
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