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
$17.02 AS OF JULY 21
$20
19.1%
80.9%
18.4%
81.6%
N
77065
$18
JULY 2022 COMMERCIAL REAL ESTATE DATA As of July 21, there are ve o ce buildings, 18 retail buildings and 13 industrial buildings under construction in Cy-Fair. Rental rates for industrial space continue to climb along with demand, while o ce and retail activity has remained relatively steady at around 81% and 95% occupancy, respectively.
5 buildings
As of July 21
Q3 2021
$16
$0
2019
2020 2021
2022
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
RENTAL RATES PER SQUARE FOOT $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Q3 2021
As of July 21
Occupancy rate
Vacancy rate
OFFICE
994,671 square feet
11.9M
10.2%
89.8%
7.2%
92.8%
$8 $9 $6 $7
12.1M
$10.13 AS OF JULY 21
13 buildings
INDUSTRIAL
As of July 21
Q3 2021
42.3M
$0
2019
2020 2021
2022
43.4M
RETAIL
20.9M
21.2M
RETAIL
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
238,941 square feet
$24
5.1%
94.9%
5%
95%
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
18 buildings
As of July 21
Q3 2021
$21.95 AS OF JULY 21
$20
$0
2019
2020 2021
2022
WORTHAM GREEN IS WORTH A LOOK. Located near Highway 290 and FM 1960, this premier Class A office building offers ample parking, is steps away from multiple dining options, shopping and hotel.
713.690.0000 CaldwellCos.com
Call today to schedule a tour! Mary Caldwell, CCIM, SIOR | 281.664.6636 | MCaldwell@CaldwellCos.com
13100 Wortham Center Drive, 3rd Floor, Houston, TX 77065
41
CYPRESS EDITION • AUGUST 2022
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