Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Rental rates for o ce, retail and industrial leases in The Woodlands area are all higher than the previous three years, according to data from early November. More industrial and retail buildings are under construction than a year ago.
12.5%
3.5%
3.6%
3.8%
4.5%
12.9%
O ce
Retail
Industrial
Under construction in the Woodlands area
Square feet
Buildings
Q4 2024
As of Nov. 4
Q4 2024
As of Nov 4.
87.1%
87.5%
96.5%
96.4%
96.2%
95.5%
135,000
15,000
1
1
Q4 2024
As of Nov.4
Q4 2024
Q4 2024
As of Nov.4
As of Nov.4,
36,666
108,450
4
7
Rental rates (per square foot)
167,480
238,525
13
17
Featured project
Q4 2022
$24.46
$24.60
$12.44
O ce
Q4 2023
$24.11
$24.85
$12.91
Q4 2024
$27.47
$21.10
$13.17
As of Nov 4.
$28.17
$24.93
$13.61
Proposed o ce building 2465 Technology Forest Blvd., Building 6, The Woodlands • Leasing company: Warmack Investments • Square feet: 25,000-150,000
T E C H N O L O G Y
LAKE WOODLANDS
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.
• Number of spaces: 6 • Percent leased: 0%
N
55
THE WOODLANDS EDITION
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