Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
As of March, no o ce buildings were under construction in The Woodlands area, and more industrial buildings were being built than the rst quarter of 2024.
13.5%
4%
3.8%
4%
4.2%
14.5%
O ce
Retail
Industrial
Under construction in the Woodlands area
Square feet
Buildings
Q1 2024
As of March 5
Q1 2024
As of March 5
96%
85.5%
86.5%
96%
96.2%
95.8%
55,354
0
1
0
Q1 2024
As of March 5
Q1 2024
Q1 2024
As of March 5
As of March 5
296,792
207,000
5
3
Rental rates (per square foot)
95,381
205,245
10
17
Featured project
Q1 2022
$24.82
$23.51
$12.34
Industrial
Q1 2023
$24.23
$25.13
$12.19
Q1 2024
$24.17
$22.71
$10.64
As of March 5
$27.77
$20.11
$13.14
Oak Ridge Drive Industrial Park 27200 Oakridge Park Drive, Conroe • Leasing company: Bobeck Realty Group
ROBINSON RD.
• Square feet: 20,000 • Number of spaces: 1 • Rent: Not available • Percent leased: 0%
45
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
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