Office space vacancies reach 16.7% in The Woodlands area as of April

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Office vacancies in The Woodlands area reached 16.7% as of April 5 compared to 13.2% in the second quarter of 2020. Rental rates for office space were just below $25 per square foot in early April. Industrial vacancies decreased from 11.1% last year to 8.6% as of early April, and retail vacancies grew from 4.9% to 5.7% when comparing early April to last spring.

There is slightly more office and retail space in The Woodlands area in the early April than there was at the same time in 2020.

Commercial space was under development in the retail and office sectors as of early April.

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.