The Woodlands Edition | February 2026

Real estate

Occupancy vs. vacancy

Occupancy rate

Vacancy rate

Commercial market data

Retail rental rates are up $4.50 per square foot in The Woodlands area since the rst quarter of 2025, and industrial and retail rates have also increased as of Feb. 5 compared to early 2025.

14%

12%

3.8%

3.4%

3.6%

4.5%

O ce

Retail

Industrial

Under construction in the Woodlands area

Square feet

Buildings

Q1 2025

As of Feb. 5

Q1 2025

As of Feb. 5

86%

88%

96.2%

96.6%

96.4%

95.5%

15,000

15,000

1

1

Q1 2025

As of Feb. 5

As of Feb. 5

Q1 2025

As of Feb. 5

Q1 2025

49,671

73,150

5

5

Rental rates (per square foot)

347,675

289,625

29

24

Featured project

Q1 2023

$24.24

$24.79

$12.28

O ce

Q1 2024

$24.17

$22.71

$10.64

Q1 2025

$27.76

$19.68

$13.22

As of Feb. 5

$29.66

$24.18

$13.76

Four Hughes Landing 1770 Hughes Landing Blvd., The Woodlands • Leasing company: JLL • Square feet: 11,353-402,170 • Number of spaces: 15 floors • Rent: Withheld • Percent leased: 0.5%

LAKE WOODLANDS

CONSTELLATION POINT DR.

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.

HUGHES LANDING BLVD.

N

49

THE WOODLANDS EDITION

Powered by