REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77384
OFFICE
1488
45
77382
77385
77381
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$28
Vacancy rate
437,334 square feet
77380
99 TOLL
77389
$27
$24.21 AS OF APRIL 4
16.6%
83.4%
15.5%
84.5%
$26
77386
N
$25
7 buildings
$24
Q2 2022
As of April 4
APRIL 2023 COMMERCIAL REAL ESTATE DATA O ce occupancy rates in The Woodlands area as of April 4 were higher than they were the second quarter of 2022, and more o ce space is on the market in 2023. Retail vacancies were up in April, and industrial occupancy remained roughly the same. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
$23
$0
2020 2021
2022
2023
INDUSTRIAL
Q2 2022
As of April 4
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$14
Vacancy rate
OFFICE
146,599 square feet
$13
19.2 million 19.14 million
6.6%
93.4%
6.5%
93.5%
$12
$11
2 buildings
$10
Q2 2022
As of April 4
5.3 million 5.3 million INDUSTRIAL
$11.79 AS OF APRIL 4
$9
$0
2020 2021
2022
2023
RETAIL
16.89 million 16.75 million
RETAIL
MARKET DATA PROVIDED BY CALDWELL COS.
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$25 $24
Vacancy rate
291,265 square feet
$22.40 AS OF APRIL 4
4%
96%
4.7%
95.3%
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. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
$23
$22
13 buildings
$21
Q2 2022
As of April 4
$20
$0
2020 2021
2022
2023
FOR SALE Nichols Sawmill Rd & Country Place Rd Magnolia, TX 77355 69.59 Acres Available | Prime For Commercial or Residential Development Directly o Nichols Sawmill Rd Surrounded by residential developments 3.4 miles from FM 1488 Just south of Magnolia Elementary School 3.2 miles from FM 1774 Contact Keith Edwards, CCIM, SIOR for details 13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6633 | CaldwellCos.com
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THE WOODLANDS EDITION • APRIL 2023
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