COMMERCIAL REAL ESTATE
COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF
COMMERCIAL REAL ESTATE TRENDS FOR THEWOODLANDS AREA INMAY 2019
In May, office occupancy rates continued to climb, and rental rates per square foot also increased slightly in The Woodlands area, while retail and industrial saw the opposite trends. Land sales were up slightly over compared to May 2018.
Market Data provided by Caldwell Companies 7904 N. SamHouston Parkway, fourth floor Houston, TX 77064 College Station | Houston | The Woodlands
OFFICE
INDUSTRIAL
Occupancy vs. vacancy
Rental rates per square foot
Occupancy vs. vacancy
Rental rates per square foot
$25.45 AS OF 6/25/19
$10.14 AS OF 6/25/19
Occupancy rate
Occupancy rate
$28 $26 $24 $22
$12 $11 $10
Vacancy rate
Vacancy rate
$9
8.2%
91.8%
14.3%
85.7%
0
0
2016
2017
2018
2019
2016
2017
2018
2019
May 2019
May 2019
Total square feet of office space
Total square feet of industrial space
17. 7million/May 2019
4.2 million/May 2019
9.7%
90.3%
12.1%
87.9%
16.8million/May 2018
4.16 million/May 2018
May 2018
May 2018
UNDER CONSTRUCTION (as of 6/25/19)
UNDER CONSTRUCTION (as of 6/25/19)
228,840 sq. ft.
0 sq. ft.
2 buildings
0 buildings
RETAIL
LAND
LAND SNAPSHOT
Occupancy vs. vacancy
Rental rates per square foot
Median price per square foot
$22.36 AS OF 6/25/19
$15
Occupancy rate
$24 $23 $22 $21
1,632 Median days on market as of 6/25/19 338 SQ. FT. Median land sale size as of 6/25/19
Vacancy rate
$8.27 AS OF 6/25/19
$13
5%
95%
$11
0
2016
2017
2018
2019
$9
May 2019
$7
Total square feet of retail space
2.22 ACRES of available land as of 6/25/19
0
14.9million/May 2019
2016
2017
2018
2019
4.6%
95.4%
14.5million/May 2018
Number of land sales
Total acres of land sold
May 2018
UNDER CONSTRUCTION (as of 6/25/19)
48 tracts/May 2019
566 /June 2018-May 2019
354,809 sq. ft.
15 buildings
36 tracts/May 2018
243 /June 2017-May 2018
Although every effort has beenmade to ensure the timeliness and accuracy of this real estate data, Community ImpactNewspaper assumes no liability for errors or omissions.
+/-649 Acres For Sale FM 1486
Up to +/- 649 Acres For Sa le - Surrounding BlueJack Nat iona l Gol f Club
Contact Keith Edwards, CCIM, SIOR for Additional Details Great residential/mixed use development site Surrounds the private BlueJack Golf Club Utilities available through Blake Tree MUD Excellent Schools Located just north of the City of Magnolia
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6633 | CaldwellCos.com
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