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
UNDER CONSTRUCTION
77095
Occupancy rate
$22
Vacancy rate
188,674 square feet
529
77040
6
$20
18.6%
81.4%
18.9%
81.1%
N
77065
$15.77 AS OF JAN. 13
$18
JANUARY 2023 COMMERCIAL REAL ESTATE DATA By the start of 2023, nearly 2 million square feet of industrial real estate space was under construction across Cy-Fair. The industrial vacancy rate has trended down over the past couple of years and was 6.2% at the start of the year. Comparatively, retail vacancy was 4.1%, and o ce vacancy was 18.9%.
3 buildings
Q1 2022
As of Jan. 13
$16
$0
2020 2021
2022
2023
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Q1 2022
As of Jan. 13, 2023
Occupancy rate
$11 $10
Vacancy rate
OFFICE
1.99M square feet
12.08M 11.99M
7.1%
92.9%
6.2%
93.8%
$8 $9 $6 $7
$10.79 AS OF JAN. 13
15 buildings
INDUSTRIAL
Q1 2022
As of Jan. 13
43.06M
$0
2020 2021
2022
2023
44.52M
RETAIL
20.99M
21.15M
RETAIL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
500,457 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%
4.1%
95.9%
$22
*AS OF JAN. 13
$23.21 AS OF JAN. 13
21 buildings
Q1 2022
As of Jan. 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
30
CYPRESS EDITION • FEBRUARY 2023
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