Rental rates and demand for office space in The Woodlands continue to rise as of early May, according to data from Caldwell Cos.Office monthly rental rates per square foot climbed more than $1 to $26.93 in early May from $24.26 in the second quarter of 2024 continuing last month's trend, though rates are lower than reported in March. Retail rental rates dropped and industrial held steady as of early May compared to the second quarter of 2024.There are fewer office and retail buildings under construction as of early May than a year previous, but more industrial buildings are under construction.