The Woodlands Commercial Real Estate
The Woodlands is Houston's premier master-planned corporate campus submarket, spanning 28,000+ acres in unincorporated Montgomery County along I-45 North. The Waterway, Hughes Landing, and Town Center form the Class AAA core, home to Occidental Petroleum, Chevron Phillips Chemical's new global headquarters, Huntsman, Waste Connections, and CB&I. Adjacent to the Springwoods Village cluster (ExxonMobil and HPE campuses ~4 miles south), the area draws energy, chemicals, and professional-services users seeking walkable amenities and Conroe ISD schools.
Why The Woodlands
Corporate HQ magnet — energy, chemicals, and life sciences anchor a walkable Waterway/Hughes Landing core
Class AAA amenity base — Market Street retail, Cynthia Woods Mitchell Pavilion, and The Woodlands Mall within a compact core
Master-planned by Howard Hughes Holdings, which owns and operates the dominant share of Class A office along the Waterway
Cost snapshot
| Class A office (full-service) | ~$36–42 per SF (Woodlands/Conroe premium in North Houston) |
| Overall office asking rent | ~$39 per SF (average across classes) |
| Trophy — Hughes Landing / Waterway Square | Mid-$30s to low-$40s per SF, single-digit vacancy |
| Submarket vacancy | ~23% overall; premium core well under 10% |
| Parking | Typically bundled in full-service leases (surface + structured); no monetized visitor charge at most campuses |
| As of Q3 2025 (sources) | CommercialCafe 2025 Woodlands report; Partners Real Estate Houston Office Q3 2025 |
Bands are current-market ranges; specific building rents vary by class, view, floor, and TI package. Text a broker for a real quote.
Anchor tenants / employers
- Occidental Petroleum1201 Lake Robbins Dr — The Woodlands Towers at The Waterway (808,000 SF, 13-year lease)
- Chevron Phillips ChemicalNew global HQ, 9500 Lakeside Blvd — opened July 2025, 360,000 SF
- Waste Connections3 Waterway Square (corporate HQ; expanded lease)
- Huntsman Corporation8600 Gosling Rd (corporate HQ)
- CB&I (McDermott)1725 Hughes Landing — regional/global HQ relocated Sept 2024
Major landlords / owners
- Howard Hughes HoldingsMaster developer; owns the Woodlands Towers at The Waterway, Hughes Landing, 3 Waterway, Waterway Plaza II, 7 Waterway, and 10101 Woodloch Forest
- Chevron Phillips ChemicalOwner-occupier of the new 13-acre / 360,000 SF global HQ campus at 9500 Lakeside Blvd
- GeoSouthern (Budde Road LLC)Wildwood Corporate Centre I & II — ~330,000 SF Class A
Access & amenities
- ·Springwoods Village / Spring (ExxonMobil, HPE campuses)
- ·Conroe
- ·Shenandoah
- ·Oak Ridge North
- ·Magnolia
- ·Tomball
Angelo Mitlo
The Woodlands is a corporate HQ magnet where trophy availability is thin and pricing holds firm along the Waterway and Hughes Landing. We help owner-occupiers, growing tenants, and investors navigate a market largely controlled by Howard Hughes — from Class AAA relocations to build-to-suit conversations further north toward Conroe.
Frequently asked
What are current asking rents for Class A office in The Woodlands?+
Class A full-service asking rents sit in the mid-$30s to low-$40s per SF in 2025, with trophy Waterway and Hughes Landing product at the top of the band. Woodlands/Conroe averaged roughly $36.70 per SF in Q3 2025 per Partners Real Estate.
Is The Woodlands still a corporate-HQ magnet?+
Yes — Chevron Phillips Chemical opened a new 360,000 SF global HQ at 9500 Lakeside Blvd in July 2025, CB&I relocated its regional/global HQ to 1725 Hughes Landing in September 2024, and Occidental continues to anchor the Waterway. Note: ExxonMobil and HPE sit ~4 miles south in Springwoods Village, a separate but adjacent submarket.
Who owns most of the Class A office in The Woodlands?+
Howard Hughes Holdings, the master developer, owns the dominant Class A portfolio — including the Woodlands Towers at The Waterway, Hughes Landing, Waterway Plaza II, and, added in 2025, 7 Waterway and 10101 Woodloch Forest.
How does Woodlands Class A pricing compare to Uptown Houston?+
The Woodlands trophy product currently trades at parity with or a slight premium to Uptown on a full-service basis, with Uptown Class A averages generally in the high-$20s to high-$30s per SF in 2025. Woodlands' walkable master-planned core and low core-vacancy help sustain that pricing.
Is space actually available, or is the core fully leased?+
Overall submarket vacancy is around 23% in 2025, but the trophy Waterway/Hughes Landing subset runs at single-digit vacancy. Growing users often have to plan 12–24 months out or look at build-to-suit conversations along Research Forest and further north toward Conroe.
Discuss the The Woodlands submarket
Tenant, landlord, or investment
Whether you're shortlisting space, marketing an asset, or evaluating an acquisition in The Woodlands, let's walk through the actual current inventory.
Call (346) 444-7799
Direct line to Angelo. TX Salesperson #842584 · Coldwell Banker Commercial.