REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77384
OFFICE
1488
45
77382
77385
77381
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
$28
Vacancy rate
480,567 square feet
77380
99 TOLL
77389
$27
15.8%
84.2%
16.2%
83.8%
$26
$24.40 AS OF FEB. 6
77386
N
$25
8 buildings
$24
Q1 2022
As of Feb. 6
JANUARY 2023 COMMERCIAL REAL ESTATE DATA The o ce vacancy rate in January was 0.4 percentage points higher than early 2022, and eight o ce buildings are under construction in The Woodlands area as of Feb. 6, totaling more than 480,000 square feet of space. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
$23
$0
2020 2021
2022
2023
INDUSTRIAL
Q1 2022
As of Feb. 6
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
$14
Vacancy rate
OFFICE
$12.36 AS OF FEB. 6
146,599 square feet
$13
19.23 million 19.03 million
3.9%
96.1%
6.6%
93.4%
$12
$11
2 buildings
$10
Q1 2022
As of Feb. 6
5.27 million 5.27 million INDUSTRIAL
$9
$0
2020 2021
2022
2023
RETAIL
16.47 million 16.27 million
RETAIL
MARKET DATA PROVIDED BY CALDWELL COS.
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
$25 $24
Vacancy rate
243,377 square feet
4.8%
95.2%
4.4%
95.6%
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
$21.76 AS OF FEB. 6
$23
$22
9 buildings
$21
Q1 2022
As of Feb. 6
$20
$0
2020 2021
2022
2023
NOW LEASING
2,000 sf Office/Warehouse 6,000 sf Office/Warehouse
Newly built out space!
ROBINSON RD.
45
Katheryn Roberts, Broker • John A. Tatum, Jr., Broker • Angie Coumbe, REALTOR® Greater Houston Commercial Real Estate • hannabusinesspark.com • 832-640-3960
45
THE WOODLANDS EDITION • FEBRUARY 2023
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