JLL: San Antonio office insights 3Q 2015JLL: San Antonio office insights 3Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=112862015-11-30T06:00:00Z2015-11-30T17:00:00Z

​​​SAN ANTONIO - Jones Lang LaSalle (JLL) released its third quarter 2015 Office Insight for the San Antonio market.

During fourth quarter 2012, rental rates northeast were approximately $19.26 per sf, full service. Since then, rates have bumped $4.98 per sf to $24.24 per sf, full service. This has taken the northeast from the fourth to second most expensive submarket in San Antonio, just behind far north central.

Three projects delivered at 22.0 percent preleased during 3Q 2015. These projects include Lockhill Crossing (127,000 sf), One51 Office Centre (101,000 sf) and Ridgewood Business Center II (54,000 sf).

One of the largest sales of the quarter occurred far northwest with KBS purchasing Promenade at Eilan I & II (205,000 sf) from Lonestar Funds.

At the close of 3Q 2015, citywide average sales price hovered around $166 per sf.

Jones Lang LaSalle (JLL)
San Antonio-New Braunfels

​Check out more Office stats at San Antonio Market Research!

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