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
305,095 square feet
529
77040
6
$17.02 AS OF MAY 23
$20
18.7%
81.3%
18.2%
81.8%
N
77065
$18
MAY 2022 COMMERCIAL REAL ESTATE DATA Rental rates for o ce and retail real estate space in the Cy-Fair area have steadily declined since the start of 2021 as demand for industrial space continues to drive construction activity and rising rental rates in that sector. Occupancy rates in the o ce and retail sectors have remained relatively steady year over year while the industrial vacancy rate less than half of what it was in the second quarter of 2021.
5 buildings
Q2 2021
As of May 23
$16
$0
2019
2020 2021
2022
INDUSTRIAL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
TOTAL SQUARE FEET OF SPACE
Occupancy rate
$11 $10
Vacancy rate
Q2 2021
As of May 23
1.67M square feet
14.3%
85.7%
6.4%
93.6%
OFFICE
$8 $9 $6 $7
$10.22 AS OF MAY 23
11.94M
17 buildings
12.12M
Q2 2021
As of May 23
INDUSTRIAL
$0
2019
2020 2021
2022
41.11M
42.89M
RETAIL
RETAIL
20.89M
21.16M
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
195,095 square feet
$24
5.7%
94.3%
5.2%
94.8%
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
15 buildings
Q2 2021
As of May 23
$21.96 AS OF MAY 23
$20
$0
2019
2020 2021
2022
WORTHAM GREEN IS WORTH A LOOK. Located near Highway 290 and FM 1960, this premier Class A office building offers ample parking, is steps away from multiple dining options, shopping and hotel.
713.690.0000 CaldwellCos.com
Call today to schedule a tour! Mary Caldwell, CCIM, SIOR | 281.664.6636 | MCaldwell@CaldwellCos.com
13100 Wortham Center Drive, 3rd Floor, Houston, TX 77065
32
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