Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
9.6%
3.5%
4.2%
4.4%
19.1%
8.9%
Industrial vacancy continued to increase from the third quarter of 2022 as of September data, while retail and office vacancy remained steady.
Office
Retail
Industrial
Under construction in the Tomball & Magnolia area
Square feet
Buildings
Q3 2022
As of Sept. 14
Q3 2022
As of Sept. 14
91.1%
90.4%
96.5%
95.8%
95.6%
80.9%
127,767
83,214
7
14
Q3 2022
As of Sept. 14
Q3 2022
Q3 2022
As of Sept. 14
As of Sept. 14
319,203
171,131
23
16
4
28789 Hardin Store Rd - Building 12
Rental rates (per square foot)
2.31 million
406,967
16
7
Featured project
Q3 2020
$19.50
$22.26
$9.82
Office
Q3 2021
$20.23
$21.81
$9.89
Q3 2022
$21.37
$22.32
$10.73
As of Sept. 14
$21.56
$22.73
$10.98
Building 12 28789 Hardin Store Road, Magnolia • Leasing company: Texas Glocal Partners • Square feet: 12,150 • Number of spaces: 2 • Rent: $21.50-$24 per square foot • Percent leased: 0%
HIDDEN LAKE DR.
Page 24 9/14/2023
© 2023 CoStar Group - Licensed to Caldwell Companies - 702909.
SOURCE: CALDWELL COMPANIES’ ANALYSIS OF COSTAR GROUP INC. DATA 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION | HOUSTON | THE WOODLANDS ALTHOUGH EVERY EFFORT HAS BEEN MADE TO ENSURE THE TIMELINESS AND ACCURACY OF THIS REAL ESTATE DATA, COMMUNITY IMPACT AND CALDWELL COS. ASSUMES NO LIABILITY FOR ERRORS OR OMISSIONS.
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From pad sites to acreage tracts, Caldwell covers a lot of ground. Thinking of selling? Contact our team for a free market evaluation of your land.
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 | 713.690.0000 | CaldwellCos.com
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TOMBALL - MAGNOLIA EDITION
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