The Woodlands Edition | July 2024

Real estate

Occupancy vs. vacancy

Occupancy rate

Vacancy rate

Commercial market data

4.3%

4.2%

5.1%

3.4%

Industrial occupancy is up by nearly two percentage points compared to the previous year, and oce occupancy is down slightly as of early July.

15%

14.3%

O ce

Retail

Industrial

Under construction in the Woodlands area

Square feet

Buildings

Q2 2023

As of July 3

Q2 2023

As of July 3

85.7%

85%

95.7%

95.8%

94.9%

96.6%

287,649

135,000

5

1

Q2 2023

As of July 3

As of July 3

Q2 2023

As of July 3

Q2 2023

503,127

271,795

19

9

Rental rates (per square foot)

22,260

0

1

0

Featured project

Q2 2021

$24.89

$21.83

$10.89

Q2 2022

$24.66

$21.80

$12.72

Q2 2023

$24.18

$24.22

$11.71

As of July 3

$24.26

$24.73

$14.35

26811 Hanna Road, Oak Ridge North • Leasing company: city of Oak Ridge North

ROBINSON RD.

• Square feet: 18,750 • Number of spaces: 1 • Rent: TBD • Percent leased: 0%

SOURCE: CALDWELL COMPANIES’ ANALYSIS OF COSTAR GROUP INC. DATA 9955 BARKER CYPRESS ROAD, STE. 250, CYPRESS, TEXAS 77433 COLLEGE STATION ž HOUSTON ž 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.

ALANA LN.

N

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THE WOODLANDS EDITION

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