Cy-Fair Edition | October 2020

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

$20

Vacancy rate

208,374 square feet

529

77040

$19.30ASOFSEPT. 24

6

$15

18.7%

81.3%

20%

80%

N

77065

$10

SEPTEMBER 2020 COMMERCIAL REAL ESTATE DATA Rental rates continued to rise in Cy-Fair’s industrial sector in September, and retail rates have also been rising since the second quarter. The sector with the most construction underway in Cy-Fair is the retail sector, where vacancy rates are at 5.7%.

3 buildings

Q3 2019

As of Sept. 24

$5

$0

2017

2018

2019

2020

INDUSTRIAL

TOTAL SQUARE FEET OF SPACE

Q3 2019

As of Sept. 24

OFFICE

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$10

Vacancy rate

10.4M 10.4M

138,720 square feet

$8

11.5%

88.5%

14.8%

85.2%

$6

$8.54ASOFSEPT. 24

INDUSTRIAL

$4

1 building

34.9M

Q3 2019

As of Sept. 24

$2

38.7M

$0

2017

2018

2019

2020

RETAIL

19.7M 19.3M

RETAIL

OCCUPANCY VS. VACANCY

RENTAL RATES PER SQUARE FOOT

UNDER CONSTRUCTION

Occupancy rate

$25

Vacancy rate

MARKET DATA PROVIDED BY CALDWELL COMPANIES 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION  HOUSTON  THE WOODLANDS

226,055 square feet

$20

$23.31 ASOFSEPT. 24

5%

95%

5.7%

94.3%

$15

$10

10 buildings

Q3 2019

As of Sept. 24

Although every eort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.

$5

$0

2017

2018

2019

2020

WORTHAM GREEN IS WORTH A LOOK. Located near Highway 290 and FM 1960, th i s premier Cl ass A of f i ce bu i lding of fers ampl e park ing , i s steps away f rom mu l t ipl e din ing opt ions , shopping and hotel . Ca l l today to schedu l e a tour !

FOR LEASING INFO CONTACT: Mary Caldwell, CCIM, SIOR 281.664.6636 MCaldwell@CaldwellCos.com

13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 713.690.0000 | CaldwellCos.com

33

CYFAIR EDITION • OCTOBER 2020

communityimpact.com

Powered by