COMMERCIAL REAL ESTATE The Woodlands real estate market in 2018
COMPILED BY COMMUNITY IMPACT NEWSPAPER STAFF
Market Data provided by Caldwell Companies, 7904 N. SamHouston Parkway, fourth floor Houston, TX 77064 Houston | The Woodlands | College Station
TheWoodlands and SouthMontgomery County saw growth in several business sectors in 2018. At least 23 buildings were completed in the area in 2018, and by the end of the year another 18 buildings were under construction.
OFFICE BY THE NUMBERS
INDUSTRIAL BY THE NUMBERS
4
1,572,997
90.8%
2
554,787
86.5%
Number of buildings delivered in 2018
square feet of unoccupied space at year’s end
occupancy rate at year’s end
Number of buildings delivered in 2018
square feet of unoccupied space at year’s end
occupancy rate at year’s end
UNDER CONSTRUCTION AT YEAR'S END, 2018
UNDER CONSTRUCTION AT YEAR'S END, 2018
661,287 square feet leased YTD in 2018
292,862 square feet leased YTD in 2018
572,092
0
square feet
square feet
153
31
$24.88 /SF
$10.42 /SF
Number of leases signed YTD in 2018
Number of leases signed YTD in 2018
Average gross rental rate at year’s end
Average gross rental rate at year’s end
5
0
buildings
buildings
RETAIL BY THE NUMBERS
LAND BY THE NUMBERS
42 transactions at year’s end
444 Total acres sold in 2018
17
737,239
94.9%
64%
of transactions were between 1 and 9 acres
Number of buildings delivered in 2018
square feet of unoccupied space at year’s end
occupancy rate at year’s end
UNDER CONSTRUCTION AT YEAR'S END, 2018
297,671 square feet leased YTD in 2018
249 median days on the market
532,108
square feet
102
$24.16 /SF
3.34 Median acres transaction size
2 transactions of 50 acres or more
$5.22/SF
Number of leases signed YTD in 2018
average gross rental rate at year’s end
Median price
13
buildings
Although every effort has been made to ensure the timeliness and accuracy of this real estate data, Community Impact Newspaper assumes no liability for errors or omissions.
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The Woodlands edition • January 2019 CDWCO-559 Community Impact Ads REFRESH_9.1837x2.6875_MECH.indd 2
10/19/18 8:51 AM
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