Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
Less retail and oce space is under construction in The Woodlands area than the same time last year, as of April 2, but more industrial space is under construction this year.
15%
4.3%
4.2%
5.1%
2.8%
14.6%
O ce
Retail
Industrial
Under construction in the The Woodlands area
Square feet
Buildings
Q2 2023
As of April 2
Q2 2023
As of April 2
85.4%
85%
95.7%
95.8%
94.9%
97.2%
343,003
306,642
6
3
Q2 2023
As of April 2
Q2 2023
Q2 2023
As of April 2
As of April 2
492,427
270,800
17
9
Rental rates (per square foot)
22,260
25,861
1
1
Featured project
Q2 2021
$24.84
$21.72
$10.83
Retail
Q2 2022
$24.82
$21.17
$12.96
Q2 2023
$24.31
$24.22
$11.71
As of April 2
$24.24
$24.53
$13.86
Proposed construction 26811 Hanna Road, Oak Ridge North • Property owner: city of Oak Ridge North
45
ROBINSON RD.
• Square feet: 18,360 • Number of spaces: 1 • Rent: N/A • Percent leased: 0%
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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37
THE WOODLANDS EDITION
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