REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77384
OFFICE
1488
45
77382
77385
77381
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$28
Vacancy rate
77380
442,334 square feet
99 TOLL
77389
$27
16.1%
83.9%
14.8%
85.2%
$24.41 AS OF 6123
$26
77386
N
$25
7 buildings
$24
JUNE 2023 COMMERCIAL REAL ESTATE DATA Occupancy rates for oce space in The Woodlands area increased to 85.2% as of June 1, up from 83.9% in the second quarter of 2022. Industrial occupancy exceeds 95%, and retail dropped from 96% to 95.5% year over year. A total of 442,334 square feet of new oce space is under construction. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
Q2 2022
As of June 1
$23
$0
2020 2021
2022
2023
INDUSTRIAL
Q2 2022
As of June 1
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$15
Vacancy rate
OFFICE
146,599 square feet
$14
$11.53 AS OF 6123
19.21 million 19.1 million
6.6%
93.4%
4.6%
95.4%
$13
$12
2 buildings
$11
Q2 2022
As of June 1
5.29 million 5.29 million INDUSTRIAL
$10
$0
2020 2021
2022
2023
RETAIL
16.93 million 16.78 million
RETAIL
MARKET DATA PROVIDED BY CALDWELL COS.
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$25 $24
Vacancy rate
295,717 square feet
$22.51 AS OF 6123
4%
96%
4.5%
95.5%
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. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
$23
$22
12 buildings
$21
Q2 2022
As of June 1
$20
$0
2020 2021
2022
2023
FOR SALE FM 1375 New Waverly, TX 77358
60.16 Acres Available - $45,000 Per Acre | Prime For Commercial Development ± 1,200 feet of frontage on FM 1375 Unrestricted site ± 2 miles to Interstate 45
Less than 1 mile to State Highway 75 ± 2 miles from New Waverly High School Contact Keith Edwards, CCIM, SIOR for details
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6633 | CaldwellCos.com
49
THE WOODLANDS EDITION • JUNE 2023
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