DATA: Office occupancy up year over year in Tomball, Magnolia despite pandemic

The U.S. headquarters of JDR Cable Systems Inc. is taking shape in Tomball's Business & Technology Park. (Anna Lotz/Community Impact Newspaper)
The U.S. headquarters of JDR Cable Systems Inc. is taking shape in Tomball's Business & Technology Park. (Anna Lotz/Community Impact Newspaper)

The U.S. headquarters of JDR Cable Systems Inc. is taking shape in Tomball's Business & Technology Park. (Anna Lotz/Community Impact Newspaper)

The vacancy rate for industrial and retail properties was up from the fourth quarter of 2019 as of mid-October, while office vacancy had decreased slightly from the fourth quarter of 2019.

As of Oct. 16 data, the total square feet of retail space was approaching 8 million square feet in Tomball and Magnolia. With three buildings totaling 50,000 square feet currently under construction, the area is poised to see more retail space. Additionally, 275,750 square feet of industrial space and 85,896 square feet of office space are under construction in Tomball and Magnolia.


Further, rental rates per square foot increased slightly for office properties from the third quarter of 2020.



Industrial properties also saw the rental rate per square foot increase as of Oct. 16.



However, the retail rental rate per square foot decreased slightly by about 20 cents from the third quarter.


By Anna Lotz

Editor, Tomball/Magnolia & Conroe/Montgomery

Anna joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Cedarville University in Cedarville, Ohio. In July 2017, she transitioned to editor for the Tomball/Magnolia edition. She began covering the communities of Conroe and Montgomery as well in 2020. Anna covers education, local government, transportation, business, real estate development and nonprofits in these communities. Prior to CI, Anna served as editor-in-chief of Cedars, interned with the National Journalism Center in Washington, D.C., and spent time writing for the Springfield News-Sun and Xenia Daily Gazette.



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