San Antonio office leasing cools

​​SAN ANTONIO – Local office market fundamentals leveled out in first quarter 2018 as leasing cooled, said a CBRE report. 

Vacancy ticked up to 15.8 percent as net absorption fell to negative 152,788 sf. 

The office market saw no new deliveries come online so far this year. There were ​​​998,131 sf of office space under construction. The average asking rate fell to $21.04 per sf. 

Unemployment​ in San Antonio rose from 3 percent in December 2017 to 3.4 percent in February 2018.