Office occupancy saw an increase in The Woodlands area compared to the previous year as of early November, while industrial occupancy saw a decrease of about 13 percentage points compared to fourth quarter of 2023, according to October data from Caldwell Cos. The industrial and retail statistics include all sizes of buildings, but the office data is for buildings 10,000 square feet and larger in size.

Office and retail trends were consistent with those seen in September in the area.

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Rental rates as of Nov. 4 were down in the retail sector but up in office and industrial compared to the previous year.As of Nov. 4, 15 industrial buildings were under construction in The Woodlands area but no office buildings were under construction that were 10,000 or more square feet in size.