REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT 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
643,548 square feet
529
77040
6
$20
18.1%
81.9%
23.7%
76.3%
N
77065
$15.64 AS OF APRIL 19
$18
APRIL 2023 COMMERCIAL REAL ESTATE DATA O ce vacancy rates are up as of April compared to this time last year, but seven additional buildings are under construction. Retail and industrial vacancy rates have seen little change since spring 2022.
7 buildings
Q2 2022
As of April 19
$16
$0
2020 2021
2022
2023
TOTAL SQUARE FEET OF SPACE
INDUSTRIAL
Q2 2022
As of April 19
OFFICE
RENTAL RATES PER SQUARE FOOT $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
12.02M
Occupancy rate
Vacancy rate
2.5 million square feet
12.13M
6.5%
93.5%
7.3%
92.7%
$8 $9 $6 $7
INDUSTRIAL
$10.70 AS OF APRIL 19
42.43M
17 buildings
As of April 19
Q2 2022
44.12M
$0
RETAIL
2020 2021
2022
2023
21.8M
22.02M
RETAIL
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
254,851 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS
$24
4.6%
95.4%
4.8%
95.2%
$22
*AS OF APRIL 19
15 buildings
$21.81 AS OF APRIL 19
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.
As of April 19
Q2 2022
$20
$0
2020 2021
2022
2023
Cy-Fair Plaza 9601 Jones Rd Houston, TX 77065
671 SF & 1,749 SF Office Spaces Available For Lease
Contact Keith Grothaus, CCIM, SIOR for Additional Details Prime NW Houston office space Onsite banking - CyFair Federal Credit Union 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
24
COMMUNITYIMPACT.COM
Powered by FlippingBook