Office vacancies in The Woodlands area remained higher than last year as of June 4 with a 16.5% vacancy rate compared to 13.7% in the second quarter of 2020. Industrial vacancies continued to decrease, reaching 7.3% in early June compared to 11.1% last year at the same time, and retail vacancies stayed at about the same as last spring, at 5.4%. Rental rates per square foot in the office sector average $24.58 as of early June, while the industrial sector was about $10.03 and retail was $21.55.
There is slightly more office, industrial retail space in The Woodlands area in the early June than there was at the same time in 2020.
Office, industrial and retail space is under construction throughout The Woodlands.