Cy-fair Edition | February 2021

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

$20

Vacancy rate

208,374 square feet

529

77040

$19

6

18.7%

81.3%

20.7%

79.3%

N

$18

77065

$19.01 ASOF JAN. 28

$17

CYFAIR JANUARY 2021 COMMERCIAL REAL ESTATE DATA Vacancy rates in Cy-Fair’s industrial sector continued to rise at the start of 2021, hitting 15% as of Jan. 28. Construction has also slowed down on industrial projects while rents are still up since the start of the coronavirus pandemic.

3 buildings

$16

Q1 2020

As of Jan. 28

$15

$0

2018

2019

2020 2021

INDUSTRIAL

TOTAL SQUARE FEET OF SPACE

Q1 2020

As of Jan. 28

OFFICE

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$9

Vacancy rate

10.5M 10.5M

617,954 square feet

$8

11.1%

88.9%

15%

85%

$7

INDUSTRIAL

$6

$8.66ASOF JAN. 28

5 buildings

38.9M

$5

Q1 2020

As of Jan. 28

$4

36.9M

$0

2018

2019

2020 2021

RETAIL

19.9M 19.6M

RETAIL

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$25 $24

Vacancy rate

143,471 square feet

$22.93ASOF JAN. 28

5.7%

94.3%

6.4%

93.6%

MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION  HOUSTON  THE WOODLANDS Although every eort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.

$23

$22

8 buildings

$21

Q1 2020

As of Jan. 28

$20

$0

2018

2019

2020 2021

A gr e at loc at i on for shor e !

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Leasing information: Mary Caldwell | MCaldwell@CaldwellCos.com | 281.664.6636

9945 Barker CyPress | cypress , tx 77433 | BoardwalkTL .com 10242 Greenhouse Road | Cypress, TX 77433 | CreekstoneOfficeCon os.com | 281.664.6636

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