2023 Office Space Rent & Sales
- $30.66 2023 Avg. Asking Rent
- -2.18% Y-o-Y Avg. Asking Rent Change
- 20.94% 2023 Office Vacancy Rate
The Woodlands office price per square foot in 2023 was $30.66 on average. This marked a -2.18% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 20.94% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- The Woodlands Class A & A+ Office Space$33.24
- The Woodlands Class B Office Space$28.22
- Texas Class A & A+ Office Space$36.17
- Texas Class B Office Space$24.95
- Texas Class C Office Space$31.07
The Woodlands, TX Office Asking Rents by Class
Office Spaces for Rent in Texas
Coworking Spaces in Texas
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2023 Office Construction in The Woodlands, TX
- The Woodlands, TX Total SF completed in 2023 33,754
During 2023, 33,754 square feet of new office space were delivered across the market. At the close of 2023, the The Woodlands office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 33,754 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Elysium at Westgate Crossing | 10110 Research Forest Drive, 77382 | 13,941 | 2024 |
| 8770 New Trails Drive | 8770 New Trails Drive, 77381 | 180,000 | 2020 |
| Research Forest Lakeside - Building 9 | 9709 Lakeside Blvd. - Building 9, 77381 | 137,939 | 2020 |
| Vision Park Medical | 121 Vision Park Blvd, 77384 | 58,000 | 2019 |
| East Shore Place - Office Sublease | 207 East Shore Drive, 77380 | 52,374 | 2018 |
| Three Hughes Landing | 1780 Hughes Landing Blvd, 77380 | 321,000 | 2016 |
| Pinnacle Professional Building | 129 Vision Park Blvd, 77384 | 83,715 | 2016 |
| Ed English Office Condo | 256 Ed English Drive, Building 4, Suite A, 77385 | 730 | 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 |
Worth noting among recent office completions on the The Woodlands market is Elysium at Westgate Crossing, which is currently the largest new office development in the city, at 13,941 square feet.
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. 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.