Tomball - Magnolia Edition | March 2021

REAL ESTATE

Commercial real estate trends

COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF

77354

OFFICE

1488

1774

77355

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

77362

Occupancy rate

$22

Vacancy rate

7,596 square feet

249

$21

77447

77375

87.3%

12.7%

85.1%

14.9%

$20

77377

$19

99 TOLL

$21.12ASOFMARCH18

1 buildings

$18

As of March 18

Q1 2020

290

$17

N

$0

2017 2018 2019 2020

2021

MARCH 2021 COMMERCIAL REAL ESTATE DATA Occupancy was down in oce, industrial and retail markets as of March 18 from the rst quarter of 2020. However, the total square feet of commercial space in Tomball and Magnolia continues to increase.

INDUSTRIAL

TOTAL SQUARE FEET OF COMMERCIAL SPACE

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$12

Vacancy rate

130,700 square feet

$11

Q1 2020

As of March 18

92.8%

7.2%

88.3%

11.7%

$10

OFFICE

$9

$10.66ASOFMARCH18

1.76million 1.88million

4 buildings

$8

As of March 18

Q1 2020

$7

$0

INDUSTRIAL

2017 2018 2019 2020 2021

4.2million

4.49million

RETAIL

RETAIL

7.94million

8million

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$24

Vacancy rate

$22ASOFMARCH18

61,880 square feet

MARKET DATA PROVIDED BY CALDWELL COS. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION  HOUSTON THE WOODLANDS

$23

95.3%

4.7%

94.4%

5.6%

$22

$21

*AS OF MARCH 18

4 buildings

$20

As of March 18

Q1 2020

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.

$19

$0

2017 2018 2019 2020 2021

Land a stable investment . Call us to learn why.

713.690.0000 | CaldwellCos.com

29

TOMBALL  MAGNOLIA EDITION • MARCH 2021

Powered by