|Retail demand soaring sky high!||Retail demand soaring sky high!||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=15661||2017-01-31T06:00:00Z||2017-02-01T00:00:00Z|
SAN ANTONIO – The continued improvements in the San Antonio's employment market is increasing new construction, infrastructure investment, and its spot in one of the fastest-growing economies in the country, according to the Weitzman Survey and Forecast Retail 2017 Report.
By the end of 2016, Weitzman reported a 94 percent citywide occupancy rate based on a review of more than 45 million sf of space.
Weitzman's survey found the demand for high-quality retail space is rising past the rest of the market and is often full.
With such a strong demand for space, rents throughout the city and across multiple product types are posting increases.
Weitzman reported that leading Class A centers can command $40 per sf or higher, with the average in-between $28 to $30 per sf.
Prices for Class B space are between $19 and $23 per sf and Class C space costs between $12 and $18 per sf.
Throughout 2016, San Antonio added 1.2 million sf of space in new and expanded projects, rebounding from the 900,000 it added in 2015.
|San Antonio Business Journal||San Antonio-New Braunfels||Retail|| http://www.bizjournals.com/sanantonio/news/2017/01/13/exclusiverising-demand-limited-construction-buoy.html?s=print|
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