Q4 2018 | The Woodlands Office Submarket Snapshot

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The Woodlands office submarket performed exceptionally well over the quarter, posting 385,264 SF of positive net absorption in Q4 2018. The average vacancy rate increased from 9.2% in Q3 2018 to 10.6%.

The Woodlands office market finished 2018 with strong absorption as HP occupied 378,000 SF in two buildings in Springwoods Village. The Q4 absorption total is the highest recorded in the submarket since Q2 2015.

Leasing activity continued to be robust as The Howard Hughes Corporation completed over 141,000 SF of leases at Lake Front North after acquiring the former CB&I buildings during Q3 2018 and renaming the project. Also, Havenwood Office Park reported over 61,000 SF of leasing in Q4 2018.


The average quoted rental rates are a mix of direct and sublet rates and are based on a blend of gross and NNN. The graphs below are only intended to show rental rate trends. Actual gross rates are higher than the average rate shown in the graph.



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Q1 2018 Woodlands Market Indicators

Q1 2018 Woodlands Market Indicators



Q4 2018 | The Woodlands Office Submarket Snapshot

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