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San Antonio 1Q 2016: New office construction hammers onSan Antonio 1Q 2016: New office construction hammers onhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=132232016-05-31T05:00:00Z2016-05-31T20:50:00Z

​​​​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.

Transwestern
San Antonio-New Braunfels
Office
https://assets.recenter.tamu.edu/Documents/MktResearch/SanAntonio_Office_Transwestern_Outlook.pdf

​See more free reports in San Antonio's Office Market Research.

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