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
$21.56 AS OF FEB. 15
44,138 square feet
249
77447
77375
9.8%
90.2%
9.1%
90.9%
77377
99 TOLL
9 buildings
$19 $18 $0
Q1 2022
As of Feb. 15
290
N
2019 2020 2021
2022 2023
FEBRUARY 2023 COMMERCIAL REAL ESTATE DATA Rental rates are trending upward in Tomball and Magnolia for o ce and industrial properties as occupancy is also on the upswing year over year as of Feb. 15.
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
RENTAL RATES PER SQUARE FOOT $13 $12 $11 $10
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
3,178,685 square feet
$11.27 AS OF FEB. 15
Q1 2022
As of Feb. 15
6%
94%
5.6%
94.4%
OFFICE
2.11 million 2.24 million
19 buildings
$9 $8 $0
Q1 2022
As of Feb. 15
INDUSTRIAL
2019 2020 2021
2022 2023
4.98 million
5.14 million
RETAIL
RETAIL
9.08 million 8.75 million
RENTAL RATES PER SQUARE FOOT $25 $24 $23 $22 $21 $20 $0
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
217,875 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
$22.52 AS OF FEB. 15
3.8%
96.2%
3.6%
96.4%
*AS OF FEB. 15
17 buildings
Q1 2022
As of Feb. 15
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.
2019 2020 2021
2022 2023
Multiple Sites For Sale 249 & Humble Road - Tomball
2.95 - 4.25 Acres Available | Prime For Commercial or Retail
Located outside the floodplain Utilities through City of Tomball Less 3 miles north of the Grand Parkway Adjacent land also available Contact Keith Edwards for additional information and pricing
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 713.690.0000 | CaldwellCos.com
30
COMMUNITYIMPACT.COM
Powered by FlippingBook