Got data? See CBRE: San Antonio Office MarketView 4Q 2014Got data? See CBRE: San Antonio Office MarketView 4Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=17422015-02-13T07:09:00Z2015-02-13T10:00:00Z

SAN ANTONIO - Rents were up and vacancy rates were down in the San Antonio office market during fourth quarter 2014.

Average office rents are trending upward again after a series of declines throughout the past couple of years. While current asking rates haven't yet reached the levels hit at the start of 2012, new development and increasing demand will help fuel higher office rents.

The report, which includes spaces classified as general office buildings, stated that recent absorption rates have come full circle over the last 12 months — from a high of about 19 percent back in 4Q 2013, to 15.9 percent at the end of 2014.

More than 960,000 sf of office space was added to the market in 4Q 2014, and that figure is expected to climb even further throughout 2015. Most of the development was concentrated in the far North Central, Northwest and far West areas of the city.

San Antonio Office Market Statistics
Market Rentable
Avg. Asking
CBD 5,100,035 22.8% 24,977 19.67
North Central 8,086,835 12.5% 72,110 21.87
Far North Central 2,458,355 8.8% -1,768 22.91
Northeast 1,924,652 14.8% -4,886 19.88
Northwest 8,581,667 17.8% 105,502 19.61
Far West 384,110 8.2% 0 -
South 473,871 14.2% 5,408 15.50
Totals 27,009,525 15.9% 201,343 20.34

Source: CBRE Research 4Q 2014

Read more at the San Antonio Business Journal.

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San Antonio-New Braunfels
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