Real estate
Occupancy vs. vacancy
Occupancy rate
Vacancy rate
Commercial market data
4.4%
3.8%
O ce and retail space saw higher occupancy in November than in the fourth quarter of 2023 in The Woodlands area.
11.3%
27%
14%
13.3%
O ce
Retail
Industrial
Under construction in The Woodlands area
Square feet
Buildings
Q4 2023
As of Dec. 3
Q4 2023
As of Dec. 3
86%
86.7%
95.6%
96.2%
88.7%
73%
101,553
33,991
9
7
Q4 2023
As of Dec. 3
Q4 2023
Q4 2023
As of Dec. 3
As of Dec. 3
363,500
304,700
9
9
Rental rates (per square foot)
20,957
190,145
3
15
Featured project
Q4 2021
$24.52
$23.32
$11.76
O ce
Q4 2022
$24.34
$24.55
$11.80
Q4 2023
$23.98
$26.35
$12.17
As of Dec. 3
$26.82
$23.38
$13.46
Proposed development 2475 Technology Forest Blvd., Building 7 • Leasing company: Warmack Woodlands
A R
CH FOREST DR.
TECHNOLOGY FOREST BLVD.
• Square feet: 300,000 • Number of spaces: 12 • 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.
LAKE WOODLANDS
N
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THE WOODLANDS EDITION
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