SAN ANTONIO – Area retail occupancy rose to 95.9 percent in second quarter 2018, up 2 percent over the quarter and 7 percent over the year, according to a CBRE report.
New construction starts more than doubled over the quarter to 848,169 sf. Deliveries also rose to 129,678 sf.
A Weitzman report expects less than 300,000 sf of new retail space will come online this year, adding less than 1 percent to the market's total inventory.
Retail space is the hardest type of commercial space to find locally. CBRE says the market's strength will continue despite the closure of many big-box stores.
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