Tomball - Magnolia Edition | March 2023

REAL ESTATE

Commercial real estate trends

COMPILED BY COMMUNITY IMPACT STAFF

77354

OFFICE

1488

1774

77355

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT $23 $22 $21 $20

UNDER CONSTRUCTION

77362

Occupancy rate

Vacancy rate

$21.71 AS OF MARCH 10

73,032 square feet

249

77447

77375

9.8%

90.2%

8.9%

91.1%

77377

99 TOLL

13 buildings

$19 $18 $0

Q1 2022

As of March 10

290

2019 2020 2021

2022 2023

MARCH 2023 COMMERCIAL REAL ESTATE DATA Alongside more commercial real estate than the prior year, occupancy rates increased year over year for retail, industrial and oce space as of March 10. Locally, 51 commercial buildings are under construction.

INDUSTRIAL

TOTAL SQUARE FEET OF SPACE

RENTAL RATES PER SQUARE FOOT $13 $12 $11 $10

OCCUPANCY VS. VACANCY

UNDER CONSTRUCTION

Occupancy rate

Vacancy rate

3,131,006 square feet

$11.32 AS OF MARCH 10

Q1 2022

As of March 10

5.8%

94.2%

5.4%

94.6%

OFFICE

2.11 million 2.24 million

21 buildings

$9 $8 $0

Q1 2022

As of March 10

INDUSTRIAL

2019 2020 2021

2022 2023

4.96 million

5.14 million

RETAIL

8.76 million

9.13 million

RENTAL RATES PER SQUARE FOOT $25 $24 $23 $22 $21 $20 $0

OCCUPANCY VS. VACANCY

UNDER CONSTRUCTION

Occupancy rate

Vacancy rate

217,890 square feet

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

$22.97 AS OF MARCH 10

3.8%

96.2%

3.6%

96.4%

*AS OF MARCH 10

17 buildings

Q1 2022

As of March 10

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.

2019 2020 2021

2022 2023

69.59 Acres For Sale NWQ of Nichols Sawmill Rd & Country Place Rd in Magnolia

Great Residential or Commercial Site

Directly off Nichols Sawmill Rd Surrounded by residential developments Just south of Magnolia Elementary School

± 3.2 miles from FM 1774 ± 3.4 miles from FM 1488 Contact Keith Edwards for details

13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6633 | CaldwellCos.com

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