Cy-Fair Edition | April 2023

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, oce 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 eort 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

26

COMMUNITYIMPACT.COM

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