Commercial real estate trends in The Woodlands area show continued demand for retail, industrial space

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As industrial vacancies continued to decrease in The Woodlands at the end of April, rental rates per square foot dropped from $12.67 to $11.79 per square foot as of April 27. No new industrial space is under construction in The Woodlands area. Office space was 17.6% vacant in late April, up from 16.1% a year ago, and five new buildings are under construction in the area. Office space was $24.69 per square foot as of April 27. Retail saw occupancy at 95.3% as of late April, and 113,771 square feet of new retail space was under construction.




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.