Mid-December data shows occupancy rates decreased year over year from the fourth quarter of 2019 for retail and industrial properties in the Tomball and Magnolia area. Since the fourth quarter of 2019, 100,000 square feet of retail space has been added in the Tomball and Magnolia area as well as 90,000 square feet of office space and 420,000 square feet of industrial space, data shows. Rental rates were also up slightly from the the third quarter of 2020 for office properties in Tomball.



Rates fell slightly from the third quarter for retail and industrial properties locally with a retail rental rate of $22.22 per square foot and an industrial rental rate of $10.68 per square foot.