Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Less retail and industrial space is under construction in The Woodlands area as of early April compared to the second quarter of 2025. No o ce buildings were under construction in either year.
12.9%
12%
4%
3.7%
4.1%
5.2%
O ce
Retail
Industrial
Under construction in the Woodlands area
Square feet
Buildings
Q2 2025
As of April 7
Q2 2025
As of April 7
87.1%
88%
96%
96.3%
95.9%
94.8%
0
0
0
0
Q2 2025
As of April 7
Q2 2025
As of April 7
Q2 2025
As of April 7
110,089
99,450
8
7
Rental rates (per square foot)
252,765
134,665
26
15
Featured project
Q2 2023
$24.22
$24.82
$12.24
O ce
Q2 2024
$24.27
$22.82
$13.93
Q2 2025
$27.14
$20.17
$13.52
As of April 7
$29.93
$25.61
$13.16
Proposed construction 17120 St. Lukes Way, Conroe • Square footage: 30,100-120,400 • Number of spaces: 4 • Percent leased: 20.5% • Leasing company: Pinecroft Realty
242
45
ST. LUKES WAY
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
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THE WOODLANDS EDITION
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