REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF
99 TOLL
249
OFFICE
77070
290
77429
1960
77064
77433
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
77095
Occupancy rate
$22
Vacancy rate
166,421 square feet
529
77040
$17.09ASOFMARCH21
6
$20
17.9%
82.1%
17.7%
82.3%
N
77065
$18
MARCH 2022 COMMERCIAL REAL ESTATE DATA Cy-Fair’s industrial rental rates have increased by more than 50% in the past three years as demand for that space grows. Meanwhile, the market’s o ce space vacancy rate remains at nearly 18%with three new buildings under construction as demand dwindles. Retail has remained fairly steady with about a $22 rental rate and 190,031 square feet of new space under construction locally.
3 buildings
Q1 2021
As of March 21
$16
$0
2019
2020 2021
2022
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Q1 2021
As of March 21
Occupancy rate
$11 $10
Vacancy rate
1.58M square feet
OFFICE
14%
86%
7.3%
92.7%
$8 $9 $6 $7
12.24M 12.16M
12 buildings
$9.67ASOFMARCH21
Q1 2021
As of March 21
INDUSTRIAL
$0
40.16M
2019
2020 2021
2022
42.45M
RETAIL
20.77M
RETAIL
21.23M
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
$28
Vacancy rate
190,031 square feet
$22.05ASOFMARCH21
$26
5%
95%
5.9%
94.1%
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.
$24
15 buildings
Q1 2021
As of March 21
$22 $0
2019
2020 2021
2022
WORTHAMGREEN ISWORTH 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
36
COMMUNITY IMPACT NEWSPAPER • COMMUNITYIMPACT.COM
Powered by FlippingBook