Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Industrial real estate in The Woodlands area is 97.3% full as of early March, while oce space dipped slightly to 84.6% compared to the rst quarter of 2023. No industrial buildings are currently under construction.
15.4%
4.4%
4.1%
6%
2.7%
15.3%
O ce
Retail
Industrial
Under construction in The Woodlands area
Square feet
Buildings
Q1 2023
As of March 4
Q1 2023
As of March 4
84.7%
84.6%
95.6%
95.9%
94%
97.3%
347,757
193,385
6
3
Q1 2023
As of March 4
Q1 2023
Q1 2023
As of March 4
As of March 4
517,696
270,800
20
9
Rental rates (per square foot)
22,260
0
1
0
Featured project
Q1 2021
$24.84
$21.74
$10.83
O ce
Q1 2022
$24.82
$21.17
$12.96
Q1 2023
$24.24
$22.68
$12.16
As of Mar. 4
$24.36
$24.14
$13.88
Proposed construction 17120 St. Lukes Way, Conroe • Leasing company: Pinecroft Realty
242
• Square feet: 120,400 • Number of spaces: N/A • Rent: N/A • 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.
ST. LUKES WAY
N
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THE WOODLANDS EDITION
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