Office vacancies climbed to more than 15% in January in The Woodlands area, but industrial vacancies dropped from 10.5% in early 2020 to 8.5% in the first month of 2021. The industrial rental price increased to $10.94 per square foot.

The amount of office and retail space in The Woodlands area was slightly higher through the first quarter of 2021 than it was a year earlier.