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 $20
UNDER CONSTRUCTION
77095
Occupancy rate
Vacancy rate
496,262 square feet
529
77040
$15.30 AS OF JULY 17
6
$18
17.7%
82.3%
22.9%
77.1%
N
77065
$16
JULY 2023 COMMERCIAL REAL ESTATE DATA Rental rates in the oce real estate sector have continued to decline over the past few months as industrial rates have increased and retail rates have remained fairly steady.
5 buildings
Q3 2022
As of July 17
$14
$0
2020 2021
2022
2023
TOTAL SQUARE FEET OF SPACE
INDUSTRIAL
Q3 2022
As of July 17
OFFICE
RENTAL RATES PER SQUARE FOOT $12 $11
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
12.53M 12.33M
Occupancy rate
Vacancy rate
1.58M square feet
7.8%
92.2%
10.4%
89.6%
$9 $10
INDUSTRIAL
$7 $8
$11.11 AS OF JULY 17
43.43M
12 buildings
Q3 2022
As of July 17
45.21M
$0
RETAIL
2020 2021
2022
2023
21.83M
22.2M
RETAIL
RENTAL RATES PER SQUARE FOOT
OCCUPANCY VS. VACANCY
UNDER CONSTRUCTION
Occupancy rate
Vacancy rate
$26
137,760 square feet
MARKET DATA PROVIDED BY CALDWELL COS. 9955 BARKER CYPRESS ROAD, SUITE 250, CYPRESS, TX 77433 COLLEGE STATION HOUSTON THE WOODLANDS
$24
4.6%
95.4%
4.4%
95.6%
$22
11 buildings
Q3 2022
As of July 17
Although every eort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact assumes no liability for errors or omissions.
$22.08 AS OF JULY 17
$20
$0
2020 2021
2022
2023
1 & 2 bedroom apartment and cottage homes available with a lifestyle curated for YOU! ACTIVE ADULT APARTMENT HOMES 55 + Available Summer 2023!
AT TOWNE LAKE
AT GOSLING
Schedule a Tour Today!
• Maintenance-free living • Lively social calendars • Resort-inspired amenities • Lifestyle focus on wellness
281-805-0625 • CadenceCreekTowneLake.com 11411 Greenhouse Road, Cypress, TX 77433
Cadence Creek is an equal housing opportunity. Models do not reflect racial preference. Amenities and services vary by location. Pricing and availability subject to change. Please contact our team for full details.
AT TOWNE LAKE
AT GOSLING
33
CYPRESS EDITION • AUGUST 2023
Powered by FlippingBook