As of Nov. 2 reports, fewer office, industrial and retail buildings were under construction in The Woodlands area than were under construction in the fourth quarter of 2022. Retail occupancy decreased from 96.3% to 95.4%, and 406,700 square feet of retail space was under construction as of early November. Here is a look at various commercial real estate trends as of November in The Woodlands area. Information is provided by Caldwell Cos.