Transwestern: SA office market continuing momentumTranswestern: SA office market continuing momentumhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=214552018-11-15T06:00:00Z2018-11-17T03:00:00Z

​​​​​​​SAN ANTONIO – The local office market continues to lead with positive absorption into the final stretch of 2018, according to the 3Q 2018 Office Market R​eport from Transwestern.

New construction in the third quarter reached a five-year high at 1.4 million sf with a prelease rate of 49.1 percent.

Deliveries caused a 14.6 percent vacancy increase, on par with the five-year average of 14.3 percent.

Net absorption in the quarter was positive with a total of 117,490 sf.

Overall asking rates for the metro increased by 64 basis points over the quarter and 10.2 percent over the year, finishing third quarter 2018 at $25.23 per sf full service.Transwestern infographic on Office Market 3Q 2018

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