SA Office Market Puts Pedal to the MetalSA Office Market Puts Pedal to the Metalhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=101852015-05-01T14:52:00Z2015-05-01T00:00:00Z

SAN ANTONIO (San Antonio Business Journal) – At the end of the first quarter, the city's total office market absorption was already nearly half of that for all of last year, according to CBRE's latest Marketflash report.

The market absorbed more than 426,400 sf, the highest reported for any first quarter in the market's history.

Far West and Far North Central San Antonio have the highest rents and the lowest vacancy rates.

JLL reports in its first-quarter office report that average asking rents in the Far North Central area were more than $26.30 per sf. The second highest was the South submarket at $23.27.

Nearly 618,600 sf of new office space is on the way, all of it in the North Central and Northwest areas. Of that, 357,181 sf will be Class-A space.

San Antonio-New Braunfels
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