The Woodlands area sees increasing industrial real estate demand in June

Image description
Image description
Office vacancies in The Woodlands area remained higher than last year as of June 30 with a 16.1% vacancy rate compared to 13.7% in the second quarter of 2020. However, is has dropped slightly from last month's vacancy rate of 16.5%. Industrial vacancies continued to decrease, reaching 6.7% in late 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 $24.91 as of late June, while the industrial sector was about $10.67 and retail was $21.49.

Retail, office and industrial space available in The Woodlands area continued to grow.


More industrial space was under construction in The Woodlands area as of late June than retail space.

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.


MOST RECENT

As variants are isolated and identified, Houston Methodist's Dr. Ian Glass believes the vaccines available can handle identified variants (Courtesy Adobe Stock)
'The vaccines we have are effective against all the variants out there': Houston Methodist's Dr. Ian Glass discusses variants, vaccinations

As Houston Methodist identified its first case of the lambda variant July 19, Dr. Glass believes vaccines can handle known variants.

Pressed Juicery sells smoothies and juices, smoothie bowls, wellness shots and juice cleanses. (Courtesy Pressed Juicery)
Pressed Juicery plans Market Street location in The Woodlands

Pressed Juicery sells smoothies and juices, smoothie bowls, wellness shots and juice cleanses. 

A new location serving coffee and tea will open on FM 1488. (Courtesy Adobe Stock)
Golden Hour Coffee and Tea planning to open in August near XScape Theatre

Golden Hour Coffee and Tea is anticipated to open by the end of August.

The Woodlands Township board of directors met July 22. (Vanessa Holt/Community Impact Newspaper)
Chamber, residents urge delay on possible incorporation vote date in The Woodlands

A resolution from The Woodlands Area Chamber of Commerce urged the township board of directors to delay a possible vote on incorporation beyond this year.

Peter Lake (left), chair of the Public Utility Commission of Texas, and Brad Jones, interim president and CEO of the Electric Reliability Council of Texas, provided an update on state regulators' electric grid redesign efforts in Austin on July 22. (Ben Thompson/Community Impact Newspaper)
Regulators: Texas electric grid prepared for potentially record-breaking demand next week; 'once-in-a-generation reforms' underway

The heads of the agencies in charge of the Texas electric grid met in Austin on July 22 to provide updates on their grid reform efforts.

Harris County Judge Lina Hidalgo is pleading with residents to be more vigilant, asking all residents to start wearing masks again in indoor settings and asking those who are vaccinated to urge their friends who are not to get the shot. (Screenshot Courtesy Facebook)
Harris County raises coronavirus threat level as Hidalgo asks all residents to mask up indoors

Although those who are vaccinated are very unlikely to end up in the hospital, officials said wearing masks in certain situations could help reduce transmissions to the more susceptible unvaccinated.

A COVID-19 vaccine dose is administered to a person's arm
Montgomery County sees July increase in COVID-19 cases, hospitalizations

Active COVID-19 cases in Montgomery County climbed above 1,000 for the first time in two months, just after June recorded the lowest active cases since 2020.

Harris County Emergency Services District 11 commissioners received updates on the status of its upcoming ambulances services at a July 22 board meeting. (Community Impact Newspaper staff)
Harris County Emergency Services District No. 11 commissioners discuss upcoming ambulance service

The district will take over providing emergency medical services across more than 177 square miles of north Harris County, currently being provided by Cypress Creek Emergency Medical Services, on Sept. 1.

Memorial Hermann has locations throughout the Greater Houston area, including Memorial Hermann The Woodlands Medical Center. (Courtesy Memorial Hermann)
Memorial Hermann visiting policies change as COVID-19 cases rise

As of July 21, Memorial Hermann has changed its visitor policy in light of a recent increase in COVID-19 cases and hospitalizations in the Greater Houston area.

Houston unemployment is above state and national levels, while home sales in the region continue to be strong, according to a July 21 economic update from the Greater Houston Partnership. (Emma Whalen/Community Impact Newspaper)
Unemployment, strong housing sales mark 2021 Houston economy, Greater Houston Partnership says

While Houston job recovery lags due to the pandemic, area home sales are strong, according to the Greater Houston Partnership.

Conroe ISD provided recommendations for a safer return for the 2021-22 school year. (Ben Thompson/Community Impact Newspaper)
Conroe ISD sets COVID-19 policies for 2021-22 school year

The "Roadmap to Remaining Open" states policies and provides recommendations for students and faculty to better prevent the spread of the coronavirus, according to the district.