REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77354
OFFICE
1488
1774
77355
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT $23 $22 $21 $20
UNDER CONSTRUCTION
77362
Occupancy rate
Vacancy rate
$21.60 AS OF JUNE 16
48,874 square feet
249
77447
77375
9.7%
90.3%
10.1%
89.9%
77377
99 TOLL
10 buildings
$19 $18 $0
Q2 2022
As of June 16
290
N
2019 2020 2021
2022 2023
JUNE 2023 COMMERCIAL REAL ESTATE DATA Retail rental rates per square foot increased more than a dollar from the rst quarter of 2023 to $24.45 as of June 16, while rental prices dropped by a few cents for o ce and industrial properties from the rst quarter.
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
RENTAL RATES PER SQUARE FOOT $13 $12 $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
2,535,791 square feet
$11.39 AS OF JUNE 16
Q2 2022
As of June 16
5.2%
94.8%
8.2%
91.8%
OFFICE
2.11 million 2.29 million
13 buildings
$9 $8 $0
Q2 2022
As of June 16
INDUSTRIAL
2019 2020 2021
2022 2023
5.01 million
5.45 million
RETAIL
RETAIL
8.89 million
9.28 million
RENTAL RATES PER SQUARE FOOT $26 $25 $24 $23 $22 $21 $0
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$24.45 AS OF JUNE 16
227,655 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
4%
96%
3.6%
96.4%
21 buildings
Q2 2022
As of June 16
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.
2019 2020 2021
2022 2023
From pad sites to acreage tracts, Caldwell covers a lot of ground. Thinking of selling? Contact our team for a free market evaluation of your land.
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 | 713.690.0000 | CaldwellCos.com
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TOMBALL MAGNOLIA EDITION • JUNE 2023
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