REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
99 TOLL
249
OFFICE
77070
290
77429
1960
77064
77433
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT $22
UNDER CONSTRUCTION
77095
Occupancy rate
Vacancy rate
473,002 square feet
529
77040
6
$20
18.6%
81.4%
24%
76%
N
77065
$15.85 AS OF FEB. 13
$18
FEBRUARY 2023 COMMERCIAL REAL ESTATE DATA O ce vacancy rates in Cy-Fair have increased from about 19% in the rst quarter of 2022 to 24% as of mid-February. Meanwhile, vacancy rates in the industrial and retail real estate sectors remained consistent in that time.
5 buildings
Q1 2022
As of Feb. 13
$16
$0
2020 2021
2022
2023
TOTAL SQUARE FEET OF SPACE
INDUSTRIAL
Q1 2022
As of Feb. 13
RENTAL RATES PER SQUARE FOOT $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
OFFICE
Occupancy rate
Vacancy rate
12.08M 11.96M
2.4M square feet
7.2%
92.8%
7.2%
92.8%
$8 $9 $6 $7
INDUSTRIAL
$10.55 AS OF FEB. 13
17 buildings
42.41M
Q1 2022
As of Feb. 13
44.01M
$0
2020 2021
2022
2023
RETAIL
21.22M 21.02M
RETAIL
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
488,488 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS
$24
4.8%
95.2%
4.2%
95.8%
$22
*AS OF FEB. 13
$23.28 AS OF FEB. 13
19 buildings
Q1 2022
As of Feb. 13
Although every e ort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact assumes no liability for errors or omissions.
$20
$0
2020 2021
2022
2023
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
31
CY FAIR EDITION • MARCH 2023
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