Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
4.6%
4.4%
Commercial real estate construction has slowed in Cy-Fair’s o ce, retail and industrial sectors since the third quarter of 2022.
7.8%
11.1%
23.2%
18%
O ce
Retail
Industrial
Under construction in the Cy-Fair area
Square feet
Buildings
Q3 2022
As of 8/16/2023
Q3 2022
As of 8/16/2023
82%
76.8%
95.4%
95.6%
92.2%
88.9%
525,569
498,700
6
5
As of 8/16/2023
Q3 2022
Q3 2022
As of 8/16/2023
As of 8/16/2023
Q3 2022
422,513
144,759
29
12
Rental rates (per square foot)
2,190,827
1,220,886
23
10
Featured project
Q3 2020
$19.23
$23.25
$8.39
O ce
Q3 2021
$17.34
$22.38
$8.83
Q3 2022
$17.14
$21.96
$10.80
As of 8/16/2023
$15.33
$21.90
$11.20
Medical oce building 14930 Mueschke Road, Cypress • Timeline: December completion • Square feet: 27,000 • Percent leased: 61.5%
E T T ARD.
R
SOURCE: CALDWELL COMPANIES’ ANALYSIS OF COSTAR GROUP INC. DATA 9955 BARKER CYPRESS, SUITE 250, CYPRESS, TEXAS 77433 COLLEGE STATION HOUSTON THE WOODLANDS ALTHOUGH EVERY EFFORT HAS BEEN MADE TO ENSURE THE TIMELINESS AND ACCURACY OF THIS REAL ESTATE DATA, COMMUNITY IMPACT AND CALDWELL COS. ASSUMES NO LIABILITY FOR ERRORS OR OMISSIONS.
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290
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21
CYPRESS EDITION
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