NW San Antonio office space leaps and bounds aheadNW San Antonio office space leaps and bounds aheadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=113862015-12-08T06:00:00Z2015-12-08T17:00:00Z

​SAN ANTONIO - Bolstered by job growth and the shift toward employee-focused space, San Antonio's office market took longer strides toward the front of the class in terms of new Class A development.

While a majority of larger city's Class A stock is in their Central Business District, for San Antonio, the action is happening in the northwestern submarket.

A solid corporate presence that includes companies such as Valero Energy Corp., Security Services Federal Credit Union, NuStar Energy, 

USAA and Harland Clarke, as well as a concentrated stock of upscale residential properties, have given the area the momentum to become the most active office submarket throughout the city.

And with an increasing chunk of new office development on the upper end of San Antonio's typical definition of Class A space, the area is leading the city's office stock in terms of upscale, high-quality space.

According to Peloton San Antonio's latest market summary, of the city's roughly 31.32 million sf of non-medical office space, Northwest San Antonio accounts for one-third of it, with about 10.58 million sf of supply.

There is currently 334,360 sf of new office product under construction in the submarket. That is leaps and bounds beyond the 98,000 sf under construction in the North Central submarket and Far North Central's 147,000 sf.
San Antonio Business Journal
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