Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
As of Jan. 4 reports, December retail occupancy in The Woodlands area remained at 95.6%, the same as December 2022. In the same time period, oce occupancy decreased from 85% to 84.5% in The Woodlands area.
15.5%
15%
4.4%
4.4%
5%
6%
Oce
Retail
Industrial
Under construction in the Woodlands area
Square feet
Buildings
Q1 2023
As of Jan. 4
Q1 2023
As of Jan. 4
85%
84.5%
95.6%
95.6%
94%
95%
446,120
291,748
8
5
As of Jan. 4
Q1 2023
As of Jan. 4
Q1 2023
Q1 2023
As of Jan. 4
517,696
251,700
20
8
Rental rates (per square foot)
146,599
0
2
0
Featured project
Q1 2021
$24.84
$21.74
$10.83
Under construction
Q1 2022
$24.82
$21.17
$12.96
Q3 2023
$24.24
$22.68
$12.16
As of Jan. 4
$24.19
$27.25
$13.32
Village Creek Centre 23935 Gosling Road, Spring • Leasing company: Realty One Group Iconic • Square feet: 5,500-13,500 • Percent leased: Not available
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.
99
N
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THE WOODLANDS EDITION
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