As of June 4, retail leasing occupancy in The Woodlands area is about the same as in the second quarter of 2023, but industrial vacancies have decreased and office vacancies have increased slightly, according to information gathered April 2 by Caldwell Cos.Rental rates are up slightly in the office and retail sectors but have increased more in the industrial sector since mid-2023.Less commercial real estate space is under construction in June 2024 compared to mid-2023, with no industrial space under construction. This is a decrease from one industrial building under construction as of April.Fewer buildings are also under construction in mid-2024.