REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT 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
668,110 square feet
529
77040
6
$20
18.1%
81.9%
23.5%
76.5%
N
77065
$15.89 AS OF MAY 12
$18
MAY 2023 COMMERCIAL REAL ESTATE DATA More than 3.3 million square feet of commercial development is under construction. About 75% of that is in the industrial sector, despite industrial vacancies seeing an increase year over year in May.
8 buildings
Q2 2022
As of May 12
$16
$0
2020 2021
2022
2023
TOTAL SQUARE FEET OF SPACE
INDUSTRIAL
Q2 2022
As of May 12
OFFICE
RENTAL RATES PER SQUARE FOOT $12 $11
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
12.05M
Occupancy rate
Vacancy rate
2,517,436 square feet
12.17M
6.5%
93.5%
8.1%
91.9%
$9 $10
INDUSTRIAL
$7 $8
$11.13 AS OF MAY 12
42.56M
16 buildings
Q2 2022
As of May 12
44.32M
$0
RETAIL
2020 2021
2022
2023
21.75M
22.11M
RETAIL
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
158,898 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS
$24
4.6%
95.4%
4.5%
95.5%
$22
*AS OF MAY 12
11 buildings
Q2 2022
As of May 12
$21.71 AS OF MAY 12
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.
$20
$0
2020 2021
2022
2023
IN MAILBOXES THIS AUGUST EDUCATION EDITION
LOCAL BUSINESSES: CONTACT US FOR ADVERTISING
DIGITAL
DIRECT MAIL
�866� 989�6808 � COMMUNITYIMPACT.COM�ADVERTISE
28
COMMUNITYIMPACT.COM
Powered by FlippingBook