Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
O ce and retail building vacancy has remained fairly steady since the fourth quarter of 2022, while industrial occupancy is slightly down year over year.
11%
23.8%
4.2%
4.4%
23.1%
6.8%
O ce
Retail
Industrial
Under construction in the Cy-Fair area
Square feet
Buildings
Q4 2022
As of Oct. 16
Q4 2022
As of Oct. 16
76.9%
76.2%
95.8%
95.6%
93.2%
89%
543,548
498,700
6
5
Q4 2022
Q4 2022
As of Oct. 16
As of Oct. 16
As of Oct. 16
Q4 2022
386,166
165,597
25
14
Rental rates (per square foot)
2,403,741
859,551
19
9
Featured project
Q4 2020
$18.67
$23.49
$8.80
Retail
Q4 2021
$16.99
$21.87
$9.74
Q4 2022
$15.67
$22.47
$10.44
As of Oct. 16
$15.40
$21.23
$11.77
20725 Tuckerton Road, Cypress • Square feet: 13,487 • Rent: undisclosed • Percent leased: 89.7% • Timeline: April2024 completion
CYPRESS PLAZA PKWY.
CYPRESS CREEK BEND DR.
SOURCE: CALDWELL COMPANIES’ ANALYSIS OF COSTAR GROUP INC. DATA 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TEXAS 77433 COLLEGE STATION HOUSTON THE WOODLANDS ALTHOUGH EVERY EFFORT HAS BEEN MADE TO ENSURE THE TIMELINESS AND ACCURACY OF THIS REAL ESTATE DATA, COMMUNITY IMPACT AND CALDWELL COS. ASSUMES NO LIABILITY FOR ERRORS OR OMISSIONS.
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9212 Fry Rd., Suite 100 Cypress, TX 77433 713.852.6700 TexasBayCU.org
21
CYPRESS EDITION
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