The Woodlands office market vacancy rate increased 100 basis points over Q3 2016 but remains lower than other major Houston submarkets. Leasing activity grew 30.4% over the quarter and 46.3% year-over-year, with Webber, LLC signing a large lease. The Woodlands feels effects of Houston's office woes but is faring better than most other areas. Rental rates for Class A space averaged $37.05/SF while Class B was $24.45/SF.