The commercial retail landscape in The Woodlands area is mostly consistent with trends in 2023, according to information gathered April 2 by Caldwell Cos., but greater demand for industrial space corresponds to rising leasing rates and more construction in that sector.

The trends are consistent with statistics reported in March for industrial, retail and office sectors.

Less retail and office space is under construction in The Woodlands area than the same time last year, as of April 2, but more industrial space is under construction this year.An industrial building is under construction as of early April.Retail leasing rates in The Woodlands area have risen closer to office rates since 2021.Office and retail occupancy has remained relatively steady compared to the second quarter of 2023, but industrial occupancy has increased by about 2 percentage points as of early April.