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
80,000 square feet
529
77040
$18
6
$19.26ASOF3 5 20
16.4%
83.6%
19.2%
80.8%
N
$16
77065
$14
CY FAIRMARCH 2020 COMMERCIAL REAL ESTATE DATA Rental rates for industrial space in Cy-Fair rose in the second month of 2020 to $7.59 per square foot per year. In the months prior, industrial rental rates had been steadily increasing since early 2017, when they averaged around $5.48 per square foot per year.
2 buildings
$12
Q2 2019
As of 3/5/20
$10
$0
2017
2018
2019
2020
TOTAL SQUARE FEET OF SPACE
INDUSTRIAL
Q2 2019
As of 3/5/2020
OFFICE
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$8
Vacancy rate
10.3M 10.15M
3.43M square feet
$7
12%
88%
9%
91%
$6
INDUSTRIAL
$7.59ASOF3 5 20
$5
20 buildings
34.85M 34.64M
$4
Q2 2019
As of 3/5/20
$3
$0
2017
2018
2019
2020
RETAIL
18.38M 17.94M
RETAIL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$25 $24
Vacancy rate
MARKET DATA PROVIDED BY CALDWELL COMPANIES 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS
153,729 square feet
$23.06ASOF3 5 20
4.8%
95.2%
5.6%
94.4%
$23
$22
AS OF 3 5 20
10 buildings
$21
Q2 2019
As of 3/5/20
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.
$20
$0
2017
2018
2019
2020
25.61 Acres For Sale SH 249
Excellent Commercial, Residential or Industrial Site
Contact Keith Edwards, CCIM, SIOR for Additional Details ± 1,140’ of frontage on SH 249 Over 100,000 vehicles per day along SH 249 Zoned to Klein ISD Unrestricted site Great retail location with strong growth area
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 713.690.0000 | CaldwellCos.com
43
CY FAIR EDITION • MARCH 2020
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