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
Vacancy rate
$19 $20 $18 $17 $16
108,850 square feet
529
77040
6
19.8%
80.2%
19.9%
80.1%
N
77065
JANUARY 2022 COMMERCIAL REAL ESTATE DATA Rental rates in the retail and o ce space have steadily declined over the past year with little change in occupancy rates. Meanwhile, Cy-Fair’s industrial sector continues to close a vacancy gap and sees rental rates remaining at or increasing due to demand.
2 buildings
As of Jan. 26
Q1 2021
$16.98ASOF JAN. 26
$0
2019
2020 2021
2022
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
Q1 2021
As of Jan. 26
OFFICE
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$10 $6 $8
12.21M 12.38M
1.64M square feet
13.9%
86.1%
8.3%
91.7%
$9.67ASOF JAN. 26
INDUSTRIAL
$2 $4 $0
11 buildings
40.13M
As of Jan. 26
Q1 2021
41.77M
2019
2020 2021
2022
RETAIL
20.75M
21.14M
RETAIL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$24
Vacancy rate
145,250 square feet
$23
6.2%
93.8%
5.3%
94.7%
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS 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.
$22
$22.34ASOF JAN. 26
12 buildings
As of Jan. 26
Q1 2021
$21 $0
2019
2020 2021
2022
3.14 Acres For Sale Located on Barker Cypress, South of Huffmeister
Adjacent to master-planned community of Towne Lake
Contact Keith Edwards, CCIM, SIOR for Additional Details Possible annexation into MUD Located outside the floodplain 775’ of frontage along Barker Cypress Over 14,000 VPD along Barker Cypress Rd Less than 2 miles from US 290
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6635 | CaldwellCos.com
35
CY FAIR EDITION • FEBRUARY 2022
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