REAL ESTATE
Commercial real estate trends
COMPILED BY VANESSA HOLT
77384
OFFICE
1488
45
77382
77385
77381
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$28 $27 $26 $25 $24 $23 $0
Vacancy rate
508,195 square feet
77380
99 TOLL
77389
15.8%
84.2% 15.9% 84.1%
77386
N
9 buildings
MARCH 2023 COMMERCIAL REAL ESTATE DATA Vacancies increased in o ce, retail and industrial sectors in The Woodlands area in February compared to the rst quarter of 2022. While vacancies increased by 0.1 percentage point in o ce and retail sectors, the industrial sector saw an increase of 2.3 percentage points. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
Q1 2022
As of March 2
$24.46 AS OF MARCH 2
2020 2021
2022
2023
INDUSTRIAL
Q1 2022
As of March 2
OCCUPANCY VS. VACANCY Occupancy rate
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
$15 $14 $13 $12 $11 $10 $0
Vacancy rate
OFFICE
146,599 square feet
19.21 million 19.03 million
$12.36 AS OF MARCH 2
4.0%
96.0% 6.3% 93.7%
2 buildings
Q1 2022
As of March 2
5.3 million 5.3 million INDUSTRIAL
2020 2021
2022
2023
RETAIL
16.6 million 16.43 million
RETAIL
MARKET DATA PROVIDED BY CALDWELL COS.
OCCUPANCY VS. VACANCY Occupancy rate
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
$25 $24 $23 $22 $21 $20 $0
Vacancy rate
286,392 square feet
4.4%
95.6 4.5% 95.5%
Although every e ort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact assumes no liability for errors or omissions. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
$21.52 AS OF MARCH 2
12 buildings
Q1 2022
As of March 2
2020 2021
2022
2023
6.919 Acres For Sale I-45 at River Plantation Drive in Conroe, TX Great Mixed-Use, Commercial, Retail, Multi-Family, Medical or Office Multiple access points along I-45 access road Adjacent to Grand Central Park Within a mile of 336 marketplace and Kroger anchored power center One mile north of Methodist Hospital, Texas Children’s and St. Lukes Off-site detention and utilities from City of Conroe Contact Mark Terpstra for Details 2001 Timberloch Place The Woodlands, TX 77380 281.664.6634 | CaldwellCos.com
51
THE WOODLANDS EDITION • MARCH 2023
Powered by FlippingBook