Office, retail space under construction grows in The Woodlands area alongside growing vacancies

The Woodlands area houses millions of square feet of office and other commercial space. (Ben Thompson/Community Impact Newspaper)
The Woodlands area houses millions of square feet of office and other commercial space. (Ben Thompson/Community Impact Newspaper)

The Woodlands area houses millions of square feet of office and other commercial space. (Ben Thompson/Community Impact Newspaper)

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As of early January, office and retail vacancies in The Woodlands area were higher than they were the previous year at the same time. However, industrial vacancies decreased.

At the same time, the amount of retail and office space under development was higher through the first quarter of 2021 than it was a year earlier.


Retail rental rates ended the year higher than they began in 2020.
By Vanessa Holt
A resident of the Houston area since 2011, Vanessa began working in community journalism in her home state of New Jersey in 1996. She joined Community Impact Newspaper in 2016 as a reporter for the Spring/Klein edition and became editor of that paper in March 2017 and editor of The Woodlands edition in January 2019.