REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77384
OFFICE
1488
45
77382
77385
77381
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$27
Vacancy rate
195,334 square feet
77380
99 TOLL
77389
$26
16.6%
83.4%
15.1%
84.9%
$25
77386
N
$24
$24.37 AS OF MAY 5
8 buildings
$23
Q2 2022
As of May 5
MAY 2023 COMMERCIAL REAL ESTATE DATA O ce occupancy rates in The Woodlands area were up as of May 5 compared to the second quarter of 2022, while retail occupancy dipped slightly. Eight o ce buildings and 13 retail buildings were under construction as of early May. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
$22
$0
2020 2021
2022
2023
INDUSTRIAL
Q2 2022
As of May 5
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$14
Vacancy rate
OFFICE
146,599 square feet
$13
19.15 million 19.09 million
6.6%
93.4%
6.2%
93.8%
$12
$11
$11.69 AS OF MAY 5
2 buildings
$10
As of May 5
Q2 2022
5.3 million 5.3 million INDUSTRIAL
$9
$0
2020 2021
2022
2023
RETAIL
16.92 million 16.78 million
RETAIL
MARKET DATA PROVIDED BY CALDWELL COS.
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
$25
Occupancy rate
Vacancy rate
301,892 square feet
$24
$22.48 AS OF MAY 5
4%
96%
4.5%
95.5%
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
$23
$22
13 buildings
$21
As of May 5
Q2 2022
$20
$0
2020 2021
2022
2023
NOW LEASING
ROBINSON RD. 6,000 �� Office/Warehouse ���� � ����� ���-����������� ��������� Newly built out space! 45
• PERSONAL INJURY • CONSTRUCTION LAW • BUSINESS LAW
• MEDIATION • TRANSPORTATION LAW • INSURANCE LAW
CONTACT US TO SCHEDULE AN APPOINTMENT 25700 INTERSTATE 45 N, SUITE 130 • SPRING, TX 77386 • 281-367-6555 WWW.GKBKLAW.COM
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 • MAY 2023
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