Fewer industrial, more retail buildings under construction in The Woodlands area in June

The occupancy rates for office and retail spaces in The Woodlands area increased slightly this June compared to the second quarter of 2025, according to data from Caldwell Cos. Industrial leasing underwent a slight drop compared to the second quarter of 2025.

Mapping it out

Office rental rates increased in 2026 as of June 8 compared to the previous year, continuing a three-year trend. Industrial rates rose slightly after a decrease from 2024 to 2025.

Rental rates for retail dipped from 2023 to 2025. However, those rates have now risen to $27.86 monthly rent per square foot this June compared to $20.58 in 2025’s second-quarter report.

Also of note

The number of industrial buildings currently under construction as of June 8 dropped from 26 to 14 since the second quarter of 2025, while retail construction projects increased from eight to 10, according to the data. Similar to last month’s findings, no office buildings were reportedly being built as of June 8.