San Antonio retail market strong 3Q 2017

​​SAN ANTONIO – The city’s retail market showed positive signs during third quarter 2017, according to the latest retail mark​et r​eport​ by CBRE​.

The occupancy rate held firm at 95 percent, and additions to San Antonio’s grocery store offerings pushed net absorption to 181,491 sf and under construction space to more than 375,000 sf.

The third quarter proved to be the strongest this year in at least three categories: absorption, average asking rent and space under construction:​

• absorptions increased by 23,168 sf;

• a​​sking rents increased by more than 50 cents to $15.01 per sf; and, 

• the construction pipeline increased by more than 45,000 sf.