COMMERCIAL REAL ESTATE
COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF
Commercial real estate trends for The Woodlands area in July 2019
77384
1488
JULY 2019 COMMERCIAL REAL ESTATE DATA
45
77382
77385
77381
As of late July, office rental rates increased to their highest level in the last three years, and retail rental rates increased by nearly a dollar per square foot. Industrial rates dropped slightly but continued to remain about $10 per square foot.
99 TOLL
Market Data provided by Caldwell Companies 7904 N. SamHouston Parkway, fourth floor Houston, TX 77064 College Station | Houston | The Woodlands
77380
77389
77386
N
OFFICE
INDUSTRIAL
RETAIL
OCCUPANCY VS. VACANCY
OCCUPANCY VS. VACANCY
OCCUPANCY VS. VACANCY
Occupancy rate
Vacancy rate
Occupancy rate
Vacancy rate
Occupancy rate
Vacancy rate
9%
91%
8.2%
91.8%
14.3%
85.7%
13.4%
86.6%
3.9%
96.1%
5.3%
94.7%
Q3 2018
As of 7/24/19
As of 7/24/19
Q3 2018
As of 7/24/19
Q3 2018
RENTAL RATES PER SQUARE FOOT
RENTAL RATES PER SQUARE FOOT
RENTAL RATES PER SQUARE FOOT
$30 $29 $28 $27 $26 $25 $24 $23
$12
$28 $27 $26 $25 $24 $23 $22 $21
$10.11 AS OF 7/24/19
$25.49 AS OF 7/24/19
$11
$23.14 AS OF 7/24/19
$10
$9
$0
$0
$0
2016
2017
2018
2019
2016
2017
2018
2019
2016
2017
2018
2019
TOTAL SQUARE FEET OF OFFICE SPACE
TOTAL SQUARE FEET OF INDUSTRIAL SPACE
TOTAL SQUARE FEET OF RETAIL SPACE
16.9million/Q3 2018
4.2million/Q3 2018
14.6million/Q3 2018
17.8million/As of June 24, 2019
4.2million/As of June 24, 2019
14.9million/As of June 24, 2019
UNDER CONSTRUCTION
UNDER CONSTRUCTION
UNDER CONSTRUCTION
180,000 square feet
1 building
0 square feet
0 buildings
454,809 square feet
16 buildings
Although every effort has beenmade to ensure the timeliness and accuracy of this real estate data, Community ImpactNewspaper assumes no liability for errors or omissions.
32.21 Acres Available FM 1488 | Magnolia, TX
PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY
+/-1,000’ of frontage on FM 1488 near FM 149 Magnolia ISD
No Flood Plain Near new HEB Near The Woodlands and Magnolia
1400 Woodloch Forest Drive, Suite 140 The Woodlands, TX 77380 281.664.6663 | CaldwellCos.com
Contact Travis Smith or Mark Terpstra for Additional Details
65
The Woodlands edition • August 2019
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