CBRE: San Antonio new retail construction nears 1M sf

​​​​​SAN ANTONIO – The following are highlights from CBRE’s “2Q 2018 San Antonio Retail MarketView.” ​

Occupancy continues to tighten

• A dearth of new space has pushed the overall market’s vacancy to 4.1 percent.

• San Antonio’s current retail market features record-high occupancy, and new construction starts are nearing 1 million sf.

Cibolo Crossing breaks ground

• Santikos Entertainment, the anchor tenant of the $285 million, 116-acre mixed-use Cibolo Crossings development, broke ground in May 2018 on its 87,000-sf family entertainment center. 

San Antonio’s population growth is #1 in the nation​

• The city boasted the highest numeric population gain in the nation from 2016-2017, according to the U.S. Census Bureau.