WDL-07-2019

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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