2020 Office Space Rent & Sales
- $33.24 2020 Avg. Asking Rent
- -0.27 % Y-o-Y Avg. Asking Rent Change
- 38.61 % 2020 Office Vacancy Rate
The Woodlands office price per square foot in 2020 was $33.24 on average. This marked a -0.27 % change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 38.61 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- The Woodlands Class A Office Space$36.65
- The Woodlands Class B Office Space$27.45
- Texas Class A Office Space$35.41
- Texas Class B Office Space$23.36
- Texas Class C Office Space$16.89
The Woodlands, TX Office Asking Rents by Class
2020 Office Construction in The Woodlands, TX
- The Woodlands, TX Total Sqft completed in 2020 314,938
During 2020, 314,938 square feet of new office space were delivered across the market. At the close of 2020, the The Woodlands office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 314,938 square feet of office space.
|8770 New Trails Drive||8770 New Trails Drive, 77381||180,000||2020|
|Research Forest Lakeside - Building 9||9709 Lakeside Blvd, 77381||137,938||2020|
|Texas Children's Hospital - Woodlands Outpatient Services||17580 Interstate 45 South, 77384||209,906||2017|
|Memorial Hermann The Woodlands Medical Plaza IV||9180 Pinecroft Drive, 77380||175,000||2017|
|Three Hughes Landing||1780 Hughes Landing Blvd, 77380||321,000||2016|
|Pinnacle Professional Building||129 Vision Park Blvd, 77384||83,715||2016|
|Hughes Landing - 1725 Hughes Landing Blvd||1725 Hughes Landing Blvd, 77381||331,754||2015|
|Hughes Landing - 1735 Hughes Landing Blvd||1735 Hughes Landing Blvd, 77381||318,170||2015|
|The Reserve at Sierra Pines II||1575 Sawdust Road, 77380||153,810||2015|
|Black Forest Technology Park - 2829 Technology Forest Blvd||2829 Technology Forest Blvd, 77381||81,865||2015|
Worth noting among recent office completions on the The Woodlands market is 8770 New Trails Drive, which is currently the largest new office development in the city, at 180,000 square feet.
See reports for nearby markets
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all The Woodlands commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.