REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT STAFF
77384
OFFICE
1488
45
77382
77385
77381
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
RENTAL RATES PER SQUARE FOOT
Occupancy rate
$28 $27 $26 $25 $24 $23 $0
Vacancy rate
77380
442,334 square feet
99 TOLL
77389
15.5%
84.5%
14.4%
85.6%
$24.50 AS OF AUGUST 7
77386
N
7 buildings
AUGUST 2023 COMMERCIAL REAL ESTATE DATA Retail and industrial occupancy dropped in The Woodlands area as of early August compared to the third quarter of 2022. Industrial occupancy dropped to 92.8%, and there are no industrial buildings under construction in the area. In o ce leasing, occupancy climbed 1.1% as of early August compared to the third quarter of 2022, and seven buildings were under construction. TOTAL SQUARE FEET OF OFFICE, INDUSTRIAL AND RETAIL SPACE
Q3 2022
As of Aug. 7
2020 2021
2022
2023
INDUSTRIAL
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$14 $13 $12 $11 $10
Vacancy rate
Q3 2022
As of Aug. 7
0 square feet
5.8%
94.2%
7.2%
92.8%
OFFICE
19.24 million 19.13 million
0 buildings
$11.76 AS OF AUGUST 7
Q3 2022
As of Aug. 7
$9 $0
5.44 million 5.29 million INDUSTRIAL
2020 2021
2022
2023
RETAIL
RETAIL
17.03 million 16.80 million
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
MARKET DATA PROVIDED BY CALDWELL COS.
$25 $24 $23 $22 $21 $20 $0
Occupancy rate
Vacancy rate
482,637 square feet
4%
96%
4.5%
95.5%
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. 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
16 buildings
Q3 2022
As of Aug. 7
$24.01 AS OF AUGUST 7
2020 2021
2022
2023
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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THE WOODLANDS EDITION • AUGUST 2023
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