REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77384
OFFICE
1488
45
77382
77385
77381
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
RENTAL RATES PER SQUARE FOOT
Occupancy rate
$28
Vacancy rate
77380
442,334 square feet
99 TOLL
77389
$27
15.5%
84.5%
14.1%
85.9%
$24.47 AS OF JULY 5
77386
$26
N
$25
7 buildings
$24
JULY 2023 COMMERCIAL REAL ESTATE DATA Retail and industrial vacancies in The Woodlands area increased as of July 5 compared to the third quarter of the previous year, but vacancies in the o ce sector shrunk from 15.5% to 14.1% in the same time period. Seven o ce buildings are under construction in The Woodlands area, and 17 retail buildings are under construction as of early July. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
Q3 2022
As of July 5
$23
$0
2020 2021
2022
2023
INDUSTRIAL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Q3 2022
As of July 5
Occupancy rate
$14
Vacancy rate
0 square feet
$13
OFFICE
5.8%
94.2%
6.9%
93.1%
$12
19.24 million 19.12 million
$11
0 buildings
$11.76 AS OF JULY 5
$10
Q3 2022
As of July 5
$9
INDUSTRIAL
$0
2020 2021
2022
2023
5.44 million 5.29 million
RETAIL
RETAIL
17.02 million 16.8 million
MARKET DATA PROVIDED BY CALDWELL COS.
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
RENTAL RATES PER SQUARE FOOT
Occupancy rate
$25 $24
Vacancy rate
493,074 square feet
4%
96%
4.7%
95.3%
$23
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
$22
17 buildings
$21
Q3 2022
As of July 5
$23.97 AS OF JULY 5
$20
$0
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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THE WOODLANDS EDITION • JULY 2023
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