Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
14.3%
3.9%
4.6%
5.9%
5.4%
15.6%
Occupancy in the oce sector was higher as of Oct. 4 compared to the third quarter of the previous year, and eight oce buildings are under construction in The Woodlands area. Fewer retail buildings are under construction than in Q3 2022.
Oce
Retail
Industrial
Under construction in The Woodlands area
Square feet
Buildings
Q3 2022
As of Oct. 4
Q3 2022
As of Oct. 4
84.4%
85.7%
96.1%
95.4%
94.1%
94.6%
427,238
540,993
7
8
Q3 2022
Q3 2022
Q3 2022
As of Oct. 4
As of Oct. 4
As of Oct. 4
438,674
470,195
24
13
Rental rates (per square foot)
124,339
0
1
0
Featured project
Q3 2020
$24.95
$22.16
$10.10
Industrial
Q3 2021
$24.91
$21.34
$10.75
Q3 2022
$24.62
$21.53
$11.68
As of Oct. 4
$24.20
$24.07
$12.99
Proposed project 27300 Oakridge Park Drive, Conroe • Timeline: November 2024
proposed completion • Square feet: 20,000 • Percent leased: N/A
ROBINSON RD.
SOURCE: CALDWELL COMPANIES’ ANALYSIS OF COSTAR GROUP INC. DATA 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TEXAS 77433 COLLEGE STATION HOUSTON THE WOODLANDS ALTHOUGH EVERY EFFORT HAS BEEN MADE TO ENSURE THE TIMELINESS AND ACCURACY OF THIS REAL ESTATE DATA, COMMUNITY IMPACT AND CALDWELL COS. ASSUMES NO LIABILITY FOR ERRORS OR OMISSIONS.
N
Immediate Availability in Independent Living Cottages and Apartments!
336
45
SGT. ED HOLCOMB BLVD.
(936) 703-5333 2275 Riverway Drive, Conroe, TX 77304
Become a Resident of Woodhaven Village Today! O ering Independent Living, Assisted Living and Memory Care. It’s not like home. It is home. TM
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www.WoodhavenVillage.com
41
THE WOODLANDS EDITION
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