CBRE San Antonio Industrial Report 1Q 2015 | CBRE San Antonio Industrial Report 1Q 2015 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=1179 | 2015-04-27T13:19:00Z | 2015-04-27T07:00:00Z |
SAN ANTONIO - The industrial market is hot in San Antonio, as first quarter 2015 saw the highest levels of positive absorption for a first quarter since 2008, which also marks the 16th straight quarter of positive absorption.
The market was once again led by warehouse product, which outperformed flex product by providing the vast majority of positive net absorption.
Warehouse space finished the quarter at 300,265 sf of positive net absorption, thanks in large part to FedEx's occupancy of its new distribution center.
Following a year that saw rates rise a total of $1.38 per sf year-over-year, 1Q 2015 saw a slower growth in citywide asking rates, finishing at $7.40 per sf.
As vacancy continues to tighten, rates should continue to rise while most likely not at the rate experienced throughout 2014.
Three buildings were added to the market, marking one of the highest quarters to start the year, totaling 360,831 sf.
San Antonio Industrial Market 1Q 2015
Market |
Vacant
(SF) |
Vacancy
Rate |
Available
(SF) |
Availability
Rate |
Absorption
(SF) |
Delivered
(SF) |
Under
Construction
(SF) |
Asking
Rate |
CBD |
14,360 |
4.3% |
14,360 |
4.3% |
- |
- |
- |
$8.40 |
North Central |
270,231 |
4.6% |
398,386 |
6.8% |
71,772 |
- |
66,405 |
$9.05 |
Northeast |
1,394,553 |
6.8% |
2,028,084 |
9.9% |
225,224 |
202,763 |
693,676 |
$6.37 |
Northwest |
725,476 |
13.4% |
791,221 |
14.6% |
70,858 |
158,068 |
- |
$10.03 |
South |
249,897 |
8.9% |
569,897 |
20.4% |
- |
- |
- |
$4.79 |
Totals |
2,654,517 |
7.6% |
3,801,948 |
10.9% |
367,854 |
360,831 |
605,081 |
$7.40 |
Click here for theĀ CBRE 1Q 2015 report.
See San Antonio Research.
Source: CBRE
| CBRE
| San Antonio-New Braunfels
| Industrial
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