Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Construction of commercial real estate space in Cy-Fair has slowed in the o ce, retail and industrial sectors compared to this time last year.
23.7%
4.6%
4.5%
7.8%
9.6%
18.2%
O ce
Retail
Industrial
Under construction in the Cy-Fair area
Square feet
Buildings
Q3 2022
As of Sept. 15
Q3 2022
As of Sept. 15
81.8%
76.3%
95.4%
95.5%
92.2%
90.4%
525,569
498,700
6
5
Q3 2023
As of Sept. 15
Q3 2023
Q3 2023
As of Sept. 15
As of Sept. 15
422,513
168,097
29
13
Rental rates (per square foot)
2,170,352
1,200,411
22
9
Featured project
Q3 2020
$19.23
$23.25
$8.39
Industrial
Q3 2021
$17.34
$22.38
$8.83
Q3 2022
$17.14
$21.96
$10.80
As of Sept. 15
$15.37
$21.71
$10.74
Houston Point 290 9210 Hwy. 6 N., Houston • Leasing company: JLL • Square feet: up to 383,076 • Number of buildings: 3 • Percent leased: 0%
6
CICERORD.
SOURCE: CALDWELL COMPANIES’ ANALYSIS OF COSTAR GROUP INC. DATA 9955 BARKER CYPRESS ROAD, SUITE 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS ALTHOUGH EVERY EFFORT HAS BEEN MADE TO ENSURE THE TIMELINESS AND ACCURACY OF THIS REAL ESTATE DATA, COMMUNITY IMPACT AND CALDWELL COS. ASSUMES NO LIABILITY FOR ERRORS OR OMISSIONS.
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21
CYPRESS EDITION
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