Industrial occupancy is up by nearly two percentage points compared to the previous year, and office occupancy is down slightly as of early July, similar to trends reported
the previous month, according to data from
Caldwell Cos.
As of early July, retail rental rates in The Woodlands area have slightly surpassed office rental rates while industrial rates have risen since 2021.
Less commercial space is under construction as of early July than in the second quarter of 2023.
