Cy-Fair’s industrial real estate market added more than 1.5 million square feet of space in 2021, according to data provided by Caldwell Cos. Most of this has consisted of new distribution and warehouse facilities, and another 1.3 million square feet of space is under construction as of the end of the year.

Occupancy has increased from 86% at the end of 2020 to 91.7% by the end of 2021, and Cy-Fair’s total inventory is about 510 industrial buildings.

Additional projects are underway throughout the region with three significant developments along Hwy. 290 slated to open in 2022.

1. Weiser Business Park

  • Developers: Trammel Crow Co. and Clarion Partners LLC

  • 130-acre site

  • 1.5 million square feet

  • Timeline: Phase 1 to open in second quarter 2022, fourth building to break ground in first quarter

2. 290 Commerce Center

  • Developer: Vigavi

  • 36.86-acre site

  • 531,327 square feet

  • Timeline: opening summer 2022

3. Barker Cypress Distribution Center

  • Developer: Molto Properties

  • 11.92-acre site

  • 142,100 square feet

  • Timeline: opening spring 2022

The Houston region as a whole saw significant growth in its industrial market in 2020 and 2021. Leasing volume averaged 10 million square feet per quarter in 2021, according to a report from commercial real estate firm JLL.

“Rising materials costs and supply chain issues are still causing some delays, but several new building parks are poised to break ground in early Q4, and even more are in permitting and design phases for early 2022. Additionally, the flight to quality and appetite for new construction are driving an increase in asking rents across the metro,” said Rachel Alexander, senior vice president of research, in JLL’s Q3 2021 Houston Industrial Insight report.