Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
As of early October, The Woodlands area saw an increase in occupancy in the o ce sector but a decrease in industrial occupancy compared to the third quarter of 2024. Retail vacancies remained at the same rate as the previous year.
12.4%
3.5%
3.5%
3.8%
4.2%
12.8%
O ce
Retail
Industrial
Under construction in the Woodlands area
Square feet
Buildings
Q4 2024
As of Oct. 3
Q4 2024
As of Oct. 3
87.2%
87.6%
96.5%
96.5%
96.2%
95.8%
135,000
15,000
1
1
Q4 2024
As of Oct. 3
Q4 2024
Q4 2024
As of Oct. 3
As of Oct. 3
36,666
80,600
4
5
Rental rates (per square foot)
167,480
239,025
13
17
Proposed project
Q4 2022
$24.46
$24.60
$12.44
Retail
Q4 2023
$24.11
$24.85
$12.91
Q4 2024
$27.47
$21.26
$13.17
As of Oct. 3
$28.38
$24.91
$13.57
The Hangar 1850 Research Forest Drive, Shenandoah • Square feet: 1,200-26,000 • Number of spaces: 1 • Rent: N/A • 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
Limitations apply. See geico.com for more details. GEICO & affiliates. Washington, DC 20076. GEICO Gecko image © 1999-2024. © 2024 GEICO. 21_633312129
58
COMMUNITYIMPACT.COM
Powered by FlippingBook