Cypress Edition | August 2023

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