Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Rental rates in the o ce and industrial sectors in The Woodlands area have increased since 2022, but retail rental rates are down slightly. Occupancy has increased in both o ce and retail sectors since early 2024.
14.7%
13.9%
4.4%
3.6%
4.1%
4.1%
O ce
Retail
Industrial
Under construction in The Woodlands area
Square feet
Buildings
Q1 2024
As of Jan. 6
Q1 2024
As of Jan. 6
85.3%
86.1%
95.6%
96.4%
95.9%
95.9%
190.354
135,000
2
1
Q1 2024
As of Jan. 6
Q1 2024
As of Jan. 6
Q1 2024
As of Jan. 6
373,020
304,700
10
9
Rental rates (per square foot)
98,681
205,245
10
17
Featured project
2022 Q1
$24.82
$23.51
$12.34
Industrial
2023 Q1
$24.23
$25.13
$12.19
2024 Q1
$24.17
$24.49
$10.70
As of Jan. 6
$27.44
$23.04
$13.11
Woodlands Ridge Business Park 28310 Robinson Road, Conroe • Leasing company: Newman Kelly Real Estate Investment Services
ROBINSON RD.
• Square feet: 6,300 • Number of spaces: 1 • Rent: $19.80/sq. ft. • Percent leased: 0%
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
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THE WOODLANDS EDITION
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