REOC: San Antonio MOB pushing into suburbsREOC: San Antonio MOB pushing into suburbshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=123582016-03-08T06:00:00Z2016-03-08T17:00:00Z

​​​SAN ANTONIO - At the close of the year, the citywide rental rate stood at $24.55 per sf per year on a full-service basis marking a $0.06 increase from last quarter and $0.59 increase from the same quarter a year ago.

New, higher-priced options typically work to push up average rental rates but the primary factor in increased rents over the year is the influence of higher operating expenses that get calculated into those buildings that quote on a triple net basis.

Both the Far North Central and Far West sectors lead the medical market in terms of average lease rates—a strong indication of demand for space in the growing medical markets of the expanding San Antonio suburbs.

In all, medical-only office properties closed out 2015 with a relatively flat 6,873 sf of negative absorption but considering that two major facilities (Victory Hospital and Forest Park Medical Center) fell into bankruptcy during the course of the year, the overall market did well to maintain relative stability.

*Statistics based on all multi-
tenant medical office buildings 20,000 sf and larger excluding single-tenant, owner-occupied and government buildings.​

Also check out Kim Gatley's blog​​. Gatley is Director of Research at REOC San Antonio​.​
REOC San Antonio
San Antonio-New Braunfels

​​Click to see the full REOC 4Q 2015 MOB report.

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