Q2 2016 The Woodlands Office Market Snapshot
The Woodlands office market is not isolated from Houston's current market conditions.
The Q2 2016 office market in The Woodland’s continues to struggle due to the low price of oil. The Woodlands is not isolated from Houston’s current market conditions, but does fare better than most of Houston’s other office submarkets. The Woodlands’ Q2 2016 office market vacancy rate increased 160 basis points over the quarter primarily due to the completion of Havenwood Office Park, a 240,480-SF four-story Class A office building which delivered 100% vacant in Q2. Although there are over 1.7M square feet of vacant office space in The Woodlands submarket, only five buildings can accommodate a large tenant looking for 100,000 square feet or greater, making up a mere 3.6 percent of Houston’s city-wide buildings that can accomodate a tenant of that size.
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