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 $22
UNDER CONSTRUCTION
77095
Occupancy rate
Vacancy rate
501,150 square feet
529
77040
6
$20
18%
82%
23.2%
76.8%
N
77065
$15.64 AS OF MARCH 23
$18
MARCH 2023 COMMERCIAL REAL ESTATE DATA By the end of the rst quarter of the year, o ce vacancy rates had increased to 23.2% compared to 18% in the rst quarter of 2022. Industrial real estate construction continues to dominate the market with more than 2.5 million square feet under construction as of March 23.
5 buildings
Q1 2022
As of March 23
$16
$0
2020 2021
2022
2023
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE Q1 2022
RENTAL RATES PER SQUARE FOOT $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
As of March 23
Occupancy rate
Vacancy rate
2.5 million square feet
OFFICE
7.5%
92.5%
7.7%
92.3%
$8 $9 $6 $7
12.08M 11.96M
$10.44 AS OF MARCH 23
17 buildings
Q1 2022
As of March 23
INDUSTRIAL
42.4M
$0
2020 2021
2022
2023
44.2M
RETAIL
21.94M 21.63M
RETAIL
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
276,257 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS
$24
4.7%
95.3%
4.7%
95.3%
$22
*AS OF MARCH 23
$22.33 AS OF MARCH 23
17 buildings
Q1 2022
As of March 23
Although every e ort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact assumes no liability for errors or omissions.
$20
$0
2020 2021
2022
2023
From pad sites to acreage tracts, Caldwell covers a lot of ground. Thinking of selling? Contact our team for a free market evaluation of your land.
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 | 713.690.0000 | CaldwellCos.com
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CYPRESS EDITION • APRIL 2023
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