REAL ESTATE
Commercial real estate trends
COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF
99 TOLL
249
OFFICE
77070
290
77429
1960
77064
77433
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
77095
Occupancy rate
Vacancy rate
$19 $20 $18 $17 $16
108,850 square feet
529
77040
6
19.7%
80.3%
20.3%
79.7%
N
77065
DECEMBER 2021 COMMERCIAL REAL ESTATE DATA The COVID 19 pandemic drove industrial real estate trends in 2021. By the end of the year, o ce rental rates were at the lowest point in years with demand down and vacancy exceeding 20%. At the same time, nearly 1.5 million square feet of industrial space was under construction as the demand for warehouses and distribution centers grows. Retail real estate held steady throughout 2021, ending with a 5.5% vacancy rate.
2 buildings
Q4 2020
As of Dec. 20
$16.97ASOFDEC. 20
$0
2018
2019
2020 2021
INDUSTRIAL
TOTAL SQUARE FEET OF SPACE
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
Q4 2020
As of Dec. 20
Vacancy rate
$10 $6 $8
1.5M square feet
OFFICE
14%
86%
8.8%
91.2%
$9.66ASOFDEC. 20
12.26M 12.03M
$2 $4 $0
10 buildings
Q4 2020
As of Dec. 20
INDUSTRIAL
40.25M
2018
2019
2020 2021
41.93M
RETAIL
20.68M
RETAIL
21.13M
OCCUPANCY VS. VACANCY
RENTAL RATES PER SQUARE FOOT
UNDER CONSTRUCTION
Occupancy rate
$24
Vacancy rate
663,917 square feet
$23
5.8%
94.2%
5.5%
94.5%
MARKET DATA PROVIDED BY CALDWELL COS. 7904 N. SAM HOUSTON PARKWAY, FOURTH FLOOR HOUSTON, TX 77064 COLLEGE STATION HOUSTON THE WOODLANDS Although every e ort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.
$22
$22.52ASOFDEC. 20
16 buildings
Q4 2020
As of Dec. 20
$21 $0
2018
2019
2020 2021
Cy-Fair Plaza 9601 Jones Rd Houston, TX 77065
700 SF | 1 , 200 SF | 2 ,400 SF Of f ice Spaces Avai lable For Lease
Contact Keith Grothaus, CCIM, SIOR for Additional Details Prime NW Houston office space Onsite banking facility Excellent access to Hwy 290, Beltway 8 & 249 Nearby restaurants Convenient covered parking
13100 Wortham Center Drive, 3rd Floor Houston, TX 77065 281.664.6635 | CaldwellCos.com
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