SAN ANTONIO – Local industrial vacancy hit 6.8 percent in August 2019, up from 6.2 percent a year ago, according to NAI Partners.
Despite this, net absorption increased by 2.1 million sf over the year to 2.3 million sf.
So far this year, 870,000 sf of industrial space has been delivered to the market.
The total area under construction decreased from 4.3 million sf in August 2018 to 2.4 million sf.
The average asking rent decreased to $0.50 per sf.
The Real Estate Center has more on the San Antonio-area industrial market:
Source: Connect Media
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