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REOC San Antonio releases 1Q2016 Medical Office Market UpdateREOC San Antonio releases 1Q2016 Medical Office Market Updatehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=136152016-06-23T05:00:00Z

​​​​​​​​​​SAN ANTONIO - Conditions improved in the San Antonio medical office market in first quarter 2016.​

Citywide occupancy within the city’s inventory of more than 7 million sf of medical-only office lease space improved compared to the previous quarter and rents ticked up. 

Demand for medical office space generated positive net absorption in the first three months of the year, reversing the negative absorption trend that troubled the market last year. 

With no new inventory added to the market yet in 2016, the citywide vacancy dipped to 20.3 percent compared to 20.6 percent last quarter. 

San Antonio’s stable economy and growing healthcare industry continue to attract investment activity but the dearth of properties listed for sale creates a challenge for investors.  

Still, nearly 131,000 sf of medical office lease space is currently under construction and expected to come online in 2016.  ​

The small but emerging Far West sector boasts a 12.2 percent vacancy rate—the lowest of all the sectors.

The average quoted rental rate for medical-only office stepped up 13 cents from last quarter to reach $24.68 per sf on an annual full-service basis—​which reflects an over-the-year increase of 2.8 percent.​

REOC San Antonio
San Antonio-New Braunfels
Medical
http://reocsanantonioblog.com/?p=4141

​Check out San Antonio Medical Market Research.​

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