Cy-Fair Edition - May 2020

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

UNDER CONSTRUCTION

77095

Occupancy rate

$20

Vacancy rate

85,000 square feet

529

77040

$19

6

17.9%

82.1%

19.1%

80.9%

N

$19.32ASOFMAY6

$18

77065

$17

CYFAIRMAY 2020 COMMERCIAL REAL ESTATE DATA Occupancy rates have declined in both the oce market and retail market in the Cy-Fair area over the past year. However, the vacancy rate for oce properties has only increased slightly from April 3 of this year, when it clocked in at 19%.

2 buildings

$16

As of May 6

Q2 2019

$15

$0

2017

2018

2019

2020

INDUSTRIAL

TOTAL SQUARE FEET OF SPACE

Q2 2019

As of May 6

OFFICE

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$25 $24

Vacancy rate

10.31 million

294,908 square feet

$22.90ASOFMAY6

10.46million

4.9%

95.1%

5.6%

94.4%

$23

INDUSTRIAL

$22

12 buildings

18.2million

$21

As of May 6

Q2 2019

$20

18.56million

$0

2017

2018

2019

2020

RETAIL

34.82million

36.94million

RETAIL

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

Vacancy rate

$10

MARKET DATA PROVIDED BY CALDWELL COS. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION  HOUSTON  THE WOODLANDS

1,658,088 square feet

12%

88%

11.9%

88.1%

$8

$6

8 buildings

$8.94ASOFMAY6

As of May 6

Q2 2019

Although every eort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.

$4

$0

2017

2018

2019

2020

In puzzling times , we help you see the big picture.

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CYFAIR EDITION • MAY 2020

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