Tomball - Magnolia Edition | July 2021

REAL ESTATE

Commercial real estate trends

COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF

77354

OFFICE

1488

1774

77355

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

77362

Occupancy rate

$23 $22

Vacancy rate

64,395 square feet

249

$21.01 ASOF JULY 14

77447

77375

12.9%

87.1%

13.6%

86.4%

$21

77377

$20

99 TOLL

1 building

$19

Q3 2020

As of July 14

290

$18

N

$0

2017

2018

2019

2020

JULY 2021 COMMERCIAL REAL ESTATE DATA Retail occupancy grew from 94.1% in the third quarter of 2020 to 95.3% as of July 14 throughout the Tomball and Magnolia area. At the same time, industrial and oce vacancy is up year over year locally.

INDUSTRIAL

TOTAL SQUARE FEET OF SPACE

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$13

Vacancy rate

142,412 square feet

$12

Q3 2020

As of July 14

8.4%

91.6%

10.7%

89.3%

$11

OFFICE

$10

1.77million 1.85million

12 buildings

$9

Q3 2020

As of July 14

$10.72ASOF JULY 14

$8

$0

INDUSTRIAL

2018

2019

2020 2021

4.41 million

4.77million

RETAIL

RETAIL

8.07million 8.05million

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$25 $24

Vacancy rate

27,000 square feet

MARKET DATA PROVIDED BY CALDWELL COS. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION  HOUSTON THE WOODLANDS

$21.73ASOF JULY 14

5.9%

94.1%

4.7%

95.3%

$23

$22

3 buildings

$21

Q3 2020

As of July 14

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

$20

$0

2017

2018

2019

2020

FOR SALE 4.74 Acres Available FM 2920 & Rosehill Reserve | Tomball, TX

Neighborhood Retail Center, Retail Pad, Daycare, Self-Storage, Office or Warehouse

Prime 2920 frontage - Rosehill Reserve Dr. Over 2,300 homes planned adjacent to site Just west of newly proposed HEB on FM 2920 2920 expansion to 5 lanes from Cypress Rosehill

1400 Woodloch Forest, Suite 140 The Woodlands, TX 281.664.6634 | CaldwellCos.com

to 290 in planning phase $6.50 PSF or $1,342,083

Mark Terpstra | MTerpstra@CaldwellCos.com

31

TOMBALL  MAGNOLIA EDITION • JULY 2021

Powered by