Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Less oce space is under construction as of Feb. 5 in The Woodlands area than in the rst quarter of 2023. Three buildings are under construction in February, compared to six the previous year.
16%
4.4%
4.4%
6%
5%
15.3%
O ce
Retail
Industrial
Under construction in The Woodlands area
Square feet
Buildings
Q1 2023
As of Feb. 5
Q1 2023
As of Feb. 5
84.7%
84%
95.6%
95.6%
94%
95%
347,757
193,385
6
3
Q1 2023
As of Feb. 5
Q1 2023
Q1 2023
As of Feb. 5
As of Feb. 5
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
Retail
Q2 2022
$24.82
$21.17
$12.96
Q3 2023
$24.24
$22.68
$12.16
As of Feb. 5
$24.28
$26.96
$14.18
Under construction 10281 Hwy. 242, Conroe • Leasing company: TBD • Square feet: 25,000 • Percent leased: 0%
242
1314
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
12/6/23, 3:40 PM
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THE WOODLANDS ART GALLERY & STUDIOS 208 NURSERY RD. THE WOODLANDS, TX 77380 832-668-5340 | www.woodlandsartandstudios.com
ANATOMY OF LANDSCAPE PAINTINGS FEATURING ART BY EP CHILES
ON DISPLAY UNTIL MAR 15 202 4
41
THE WOODLANDS EDITION
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