The Woodlands Edition | May 2026

Real estate

Occupancy vs. vacancy

Occupancy rate

Vacancy rate

Commercial market data

Rental rates for oce, retail and industrial properties in The Woodlands area are higher than the previous year, as of May 4. No oce buildings are under construction.

11.9%

4%

3.9%

4.3%

5.2%

12.8%

O ce

Retail

Industrial

Under construction in The Woodlands area

Square feet

Buildings

Q2 2025

As of May 4

Q2 2025

As of May 4

87.2%

88.1%

96%

96.1%

95.7%

94.8%

0

0

0

0

Q2 2025

As of May 4

Q2 2025

Q2 2025

As of May 4

As of May 4

110,089

99,450

8

7

Rental rates (per square foot)

252,765

127,290

26

14

Featured project

Q2 2023

$24.22

$24.82

$12.24

Industrial

Q2 2024

$24.27

$22.82

$13.93

Q2 2025

$27.14

$20.58

$13.45

As of 5/4/26

$29.78

$27.51

$14.06

FLEX Oak Ridge Business Park 28310 Robinson Road, Oak Ridge North • Leasing company: Newman CRE • Square feet: 3,170-6,340 • Number of spaces: 2 • Rent: $21/nnn • Percent leased: 0%

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

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