The Woodlands Edition | August 2024

Real estate

Occupancy vs. vacancy

Occupancy rate

Vacancy rate

Commercial market data

4.6%

4.2%

3.7%

3%

Less commercial space is under construction as of Aug. 5 in The Woodlands area than in the third quarter of 2023, with only one oce building and eight retail buildings underway. Rental rates are up in retail and industrial sectors since 2021.

14.6%

14.4%

Oce

Retail

Industrial

Under construction in the Woodlands area

Square feet

Buildings

Q3 2023

As of Aug. 5

Q3 2023

As of Aug. 5

85.6%

85.4%

95.4%

95.8%

96.3%

97%

478,003

135,000

7

1

Q3 2023

As of Aug. 5

Q3 2023

Q3 2023

As of Aug. 5

As of Aug. 5

462,485

263,800

14

8

Rental rates (per square foot)

0

0

0

0

Featured project

Q3 2021

$24.87

$23.76

$11

Industrial

Q3 2022

$24.56

$24.03

$12

Q3 2023

$24.14

$26.55

$12.99

As of Aug. 5

$24.25

$24.77

$14.47

Donwick Business Park 16753 Donwick Drive, Conroe • Leasing company: SWN | J. Beard Company • Square feet: 2,850-3,606 • Number of spaces: 2

FAWN TRL.

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.

• Rent: $15.60/nnn • Occupancy: 0%

242

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Dog & Cat Boarding • Dog Training & Agility • Dog & Cat Grooming • Doggie Daycare

THE WOODLANDS ART GALLERY & STUDIOS 208 NURSERY RD. THE WOODLANDS, TX 77380 832-668-5340 | www.woodlandsartandstudios.com Reception September 19, 2024 5PM - 8PM Valet Parking “WEATHER FORECAST” FEATURING ART BY NATALYA TARASOVA

Cage Free Dog Boarding

New Customers Only. Not Valid on Hol idays.

ON DISPLAY THROUGH NOVEMBER 15, 2024

BOARDING or GROOMING

OPEN 7 DAYS A WEEK, 365 DAYS A YEAR Mon-Sun 7am-7pm

9/25/24

11105 Mahaffey | Tomball, TX 77375 | 832-884-6122 | WillowCreekPets.com

41

THE WOODLANDS EDITION

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