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 $22
UNDER CONSTRUCTION
77095
Occupancy rate
Vacancy rate
305,095 square feet
529
77040
6
$17.07 AS OF JUNE 21
$20
18.7%
81.3%
18.2%
81.8%
N
77065
$18
JUNE 2022 COMMERCIAL REAL ESTATE DATA Cy-Fair’s industrial real estate sector continues to boom with all-time-high rental rates and exceedingly low vacancy rates. Vacancy sat at 14.2% in the second quarter of 2021, while rental rates were $8.90 per square foot on average. One year later, vacancy is down to 6.3%, and rental rates are more than $10 per square foot on average. The local o ce and retail markets have seen little change year over year.
5 buildings
Q2 2021
As of June 21
$16
$0
2019
2020 2021
2022
INDUSTRIAL
RENTAL RATES PER SQUARE FOOT $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
TOTAL SQUARE FEET OF SPACE
Occupancy rate
Vacancy rate
Q2 2021
As of June 21
1.38M square feet
14.2%
85.8%
6.3%
93.7%
OFFICE
$8 $9 $6 $7
$10.22 AS OF JUNE 21
12.14M 11.96M
15 buildings
Q2 2021
As of June 21
INDUSTRIAL
$0
2019
2020 2021
2022
41.18M
42.95M
RETAIL
RETAIL
20.78M
21.05M
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
219,395 square feet
$24
5.7%
94.3%
4.8%
95.2%
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
16 buildings
Q2 2021
As of June 21
$22.26 AS OF JUNE 21
$20
$0
2019
2020 2021
2022
Cy-Fair Plaza 9601 Jones Rd Houston, TX 77065
671 SF | 909 SF | 1,749 SF Office Spaces Available For Lease
Contact Keith Grothaus, CCIM, SIOR for Additional Details Prime NW Houston office space Onsite banking facility Excellent access to Hwy 290, Beltway 8 & 249 Nearby restaurants Convenient covered parking
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6635 | CaldwellCos.com
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CY FAIR EDITION • JULY 2022
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