Vacancy rates grew slightly in retail and industrial real estate while office vacancy in early September shrank slightly compared to the third quarter of 2025. Industrial vacancy rose by 1.7%, according to data from Caldwell Cos.
Measuring the impact
Rental rates for retail units saw the largest increase of the three sectors measured in the data, growing by $3.28 per square foot between the third quarter of 2025 and early September. Rental rates for office units in The Woodlands area grew by $1.26 per square foot for monthly leases in the same period. Industrial unit rental rates followed a trend of steady growth going back to the third quarter of 2023, with rates increasing by $0.84 since last year.
Digging deeper
The number of industrial buildings under construction decreased by six this September compared to the third quarter of 2025. Retail saw one fewer building under construction but an increase in square footage. Early September saw one new office development, following a trend of no new office buildings under construction since April.