[KevinFromTexas]

http://impactnews.com/articles/growi...ace/index.html

Growing demand for Woodlands office space

by Brian Walzel
June 8, 2012

Relocations, new construction lead to few vacancies
Towering above tree lines and the modern architecture of The Woodlands Town Center are icons of a recovering economy. With demand for office space at a peak, the yellow cranes on the eastern edge of The Woodlands are busy erecting the latest in a succession of high-end commercial properties that are in high demand.

According to the CoStar Group, a firm that specializes in real estate market data reporting, 2 percent of all Class A office space in The Woodlands is vacant, and 7 percent of all classes of commercial space is on the market.

Two new buildings under construction, 3 Waterway and the Anadarko tower, are the latest in a fast-moving line of commercial developments making The Woodlands the hottest market for commercial real estate in the Houston area. When they are completed, 3 Wateway will be 98 percent leased, according to The Woodlands Development Company, and the new Anadarko tower will house 400 new employees with room to add 1,300 more workers.