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REOC: San Antonio 4Q 2014 industrialREOC: San Antonio 4Q 2014 industrialhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15252015-03-10T11:29:00Z2015-03-10T00:00:00Z

SAN ANTONIO - The San Antonio industrial market closed 2014 with a vacancy rate of 7.2 percent, only slightly higher than where it began the year, despite the delivery of more than 377,000 sf of new supply, according to the survey of more than 33.5 million sf of industrial lease space.

Availabilities are rather limited for companies looking to relocate or expand here in San Antonio but there is nearly 550,000 sf of industrial space currently under construction within additional projects proposed.

Activity in 4Q 2014 did flatten which resulted in 36,237 sf of negative net absorption. Results for the year, however, remained positive with 505,802 sf of net gain in occupied space.

REOC San Antonio: 4Q 2014 Industrial*
All Types Citywide CBD Non-CBD
4Q 2014 4Q 2013 4Q 2014 4Q 2013 4Q 2014 4Q 2013
Inventory 33,525,736 33,548,079 233,395 233,395 33,292,341 33,314,684
Direct vacant 2,397,202 2,294,405 0 28,548 2,397,202 2,265,857
Vacant 7.2% 6.8% 0.0% 12.2% 7.2% 6.8%
Average rent $7.76 $7.58 N/A $3.60 $7.76 $7.61
4Q Absorption -36,237 1,299,611 0 0 -36,237 1,299,611
YTD Absorption 505,802 2,478,132 28,548 11,912 477,254 2,466,220

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

For the full report, click here.

For more stats, see Industrial under San Antonio Market Research.

REOC San Antonio
San Antonio-New Braunfels
Industrial
http://reocsanantonio.com/qr.htmRead more at {Source}

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