San Antonio 1Q 2016: New office construction hammers on

​​​​SAN ANTONIO – New office construction delivered since 2015 is currently averaging a vacancy rate of 49.3 percent, leaving over 600,000 sf of brand new office product completely empty, according to Transwestern​​.*

Still, the overall vacancy rate for San Antonio is steady under the 20 percent mark, starting the new year at 18.4 percent, compared to 18.7 percent at year-end 2015. 

Deliveries of Class A product averaged a triple net rate of $21.03 per sf, pushing the city-wide San Antonio average to a new all-time high of $22.34 per sf full service.

*FSG is Full Service Gross.