The Woodlands office, industrial, retail vacancy a mixed bag

​​​​​THE WOODLANDS – As of mid-May, retail and industrial rental vacancies in the area were up 0.4 and ​2.8 percent over the year, respectively.

According to Caldwell Cos., the retail and industrial rates were at 5 percent and 15.1 percent last month. Meanwile, local office vacancy rate fell 1.6 percent to 8.1 percent.

Rental rates per sf in each category are down from the beginning of the year with the largest decrease in retail rentals. 

Across the market, there are 13 retail buildings totaling 319,415 sf under construction. Three ​office buildings totaling 378,340 sf are also underway. No industrial space is in the pipeline as of last month.