Transwestern: San Antonio office market 2Q 2015

​​​SAN ANTONIO – With a total of 119,624 sf of positive net absorption,
second quarter 2015 makes the seventh straight quarter of positive gains
in office space, according to Transwestern’s San Antonio Office Market
2Q 2015 report.

Steady leasing activity and new construction
deliveries generated in the first half of 2015 helped San Antonio office
market vacancy rates stay under the 20 percent mark — rounding out at
17.2 percent. 

This positive momentum resulted in average lease rates of
over $20 per sf for the third consecutive quarter.

Vacancy levels
continue to decline across the San Antonio office market with 2Q ending
at 17.2 percent. 

The second quarter of 2015 marks the tenth straight
quarter of vacancy rates under the 20 percent mark.

The San
Antonio office market’s average full service rental rate increased by 95
basis points from the previous quarter, to mark the third consecutive
quarter over the $20 mark at $20.21 per sf.