Cypress Edition | January 2023

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

434,294 square feet

529

77040

6

$20

$16.23 AS OF 12152022

18.7%

81.3%

18.8%

81.2%

N

77065

$18

DECEMBER 2022 COMMERCIAL REAL ESTATE DATA By the end of 2022, oce and retail occupancy rates in Cy-Fair were similar to the same time in 2021. Industrial occupancy increased, and 19 industrial buildings were under construction to keep up with demand for space.

5 buildings

Q4 2021

As of Dec. 15

$16

$0

2019

2020 2021

2022

INDUSTRIAL

TOTAL SQUARE FEET OF SPACE

Q4 2021

As of Dec. 15, 2022

RENTAL RATES PER SQUARE FOOT $11 $10

OCCUPANCY VS. VACANCY

UNDER CONSTRUCTION

OFFICE

Occupancy rate

Vacancy rate

2,099,592 square feet

12.05M 11.96M

8.2%

91.8%

6.5%

93.5%

$8 $9 $6 $7

$10.42 AS OF 12152022

INDUSTRIAL

19 buildings

Q4 2021

As of Dec. 15

42.5M

44.39M

$0

2019

2020 2021

2022

RETAIL

20.94M

21.12M

RETAIL

RENTAL RATES PER SQUARE FOOT

OCCUPANCY VS. VACANCY

UNDER CONSTRUCTION

Occupancy rate

Vacancy rate

$26

524,957 square feet

MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION  HOUSTON  THE WOODLANDS

$24

4.9%

95.1%

4.5%

95.5%

$22

*AS OF DEC. 15

$23.44 AS OF 12152022

22 buildings

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

Q4 2021

As of Dec. 15

$20

$0

2019

2020 2021

2022

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CYPRESS EDITION • JANUARY 2023

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