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 $22
UNDER CONSTRUCTION
77095
Occupancy rate
Vacancy rate
305,095 square feet
529
77040
6
$16.99 AS OF AUG. 16
$20
80.9%
19.1%
81.5%
18.5%
N
77065
$18
AUGUST 2022 COMMERCIAL REAL ESTATE DATA Vacancy in the o ce, retail and industrial real estate sectors was down across Cy-Fair in August from one year ago, according to data provided by Caldwell Cos. While o ce and retail rental rates are down year over year by about 2% and 5%, respectively, rental rates in the industrial market are up about 14% as demand continues to grow. Nearly 995,000 square feet of industrial space is under construction in Cy-Fair.
5 buildings
Q3 2021
As of Aug. 16
$16
$0
2019
2020 2021
2022
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
RENTAL RATES PER SQUARE FOOT $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Q3 2021
As of Aug. 16
Occupancy rate
Vacancy rate
994,671 square feet
OFFICE
89.9%
10.1%
92.8%
7.2%
$8 $9 $6 $7
11.99M
$10.13 AS OF AUG. 16
12.12M
13 buildings
Q3 2021
As of Aug. 16
INDUSTRIAL
$0
42.34M
2019
2020 2021
2022
43.46M
RETAIL
20.84M
RETAIL
21.09M
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
346,060 square feet
$24
94.8%
5.2%
95.2%
4.8%
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.
$22
22 buildings
Q3 2021
As of Aug . 16
$20
$21.46 AS OF AUG. 16
$0
2019
2020 2021
2022
Cy-Fair Plaza 9601 Jones Rd Houston, TX 77065
671 SF | 909 SF | 1,749 SF Office Spaces Available For Lease
Contact Keith Grothaus, CCIM, SIOR for Additional Details Prime NW Houston office space Onsite banking facility Excellent access to Hwy 290, Beltway 8 & 249 Nearby restaurants Convenient covered parking
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6635 | CaldwellCos.com
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CY FAIR EDITION • SEPTEMBER 2022
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