Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
4%
3.9%
4.1%
4%
The oce sector in The Woodlands area saw a 1% increase in occupancy in March compared to the previous year, while both industrial and retail occupancy increased 0.1% to the rst quarter of 2024.
13.5%
14.5%
O ce
Retail
Industrial
Under construction in The Woodlands area
Square feet
Buildings
Q1 2024
As of April 7
Q1 2024
As of April 7
85.5%
86.5%
96%
96.1%
95.9%
96%
55,354
0
1
0
Q1 2024
As of April 7
As of April 7
Q1 2024
As of April 7
Q1 2024
156,792
0
4
0
Rental rates (per square foot)
89,081
155,130
9
13
Featured project
Q1 2022
$24.82
$23.51
$12.34
O ce
Q1 2023
$24.23
$25.13
$12.19
Q1 2024
$24.17
$22.71
$10.64
As of April 7
$27.76
$20.14
$13.05
Planned project 17120 St. Luke’s Way • Leasing company: Pinecroft Realty • Square feet: 30,100-120,400
242
45
• Number of spaces: 4 • Rent: Not available • Percent leased: 20.5%
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.
ST. LUKES WAY
N
51
THE WOODLANDS EDITION
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