REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF
99 TOLL
249
OFFICE
77070
290
77429
1960
77064
77433
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
77095
Occupancy rate
$22
Vacancy rate
108,850 square feet
529
77040
$16.99ASOFFEB. 22
6
$20
17.9%
82.1%
17.9%
82.1%
N
77065
$18
FEBRUARY 2022 COMMERCIAL REAL ESTATE DATA Vacancy rates in Cy-Fair’s o ce and retail real estate sectors by late February were nearly the same as the same time frame in 2021. Industrial vacancy rates, however, dropped from 14% to less than 8% year over year. Industrial development continues to ramp up with another 1.8 million square feet under construction.
2 buildings
Q1 2021
As of Feb. 22
$16
$0
2019
2020 2021
2022
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Q1 2021
As of Feb. 22
Occupancy rate
$11 $10
Vacancy rate
OFFICE
1.8M square feet
12.21M 12.39M
14%
86%
7.8%
92.2%
$8 $9 $6 $7
$9.68ASOFFEB. 22
12 buildings
Q1 2021
As of Feb. 22
INDUSTRIAL
40.18M
$0
2019
2020 2021
2022
41.82M
RETAIL
20.74M
21.14M
RETAIL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$28
Vacancy rate
140,750 square feet
$26
5%
95%
5.9%
94.1%
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS Although every e ort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.
$22.53ASOFFEB. 22
$24
11 buildings
Q1 2021
As of Feb. 22
$22 $0
2019
2020 2021
2022
Cy-Fair Plaza 9601 Jones Rd Houston, TX 77065
700 SF | 1 , 200 SF | 2 ,400 SF Of f ice Spaces Avai lable For Lease
Contact Keith Grothaus, CCIM, SIOR for Additional Details Prime NW Houston office space Onsite banking facility 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
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