REOC: San Antonio 3Q 2014 industrial | REOC: San Antonio 3Q 2014 industrial | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=2415 | 2014-11-19T14:40:00Z | 2014-11-19T06:45:00Z |
SAN ANTONIO - According to the survey of more than 33 million sf of industrial lease space, the San Antonio industrial market closed third quarter with a citywide vacancy rate of 6.1 percent which is improved compared to 7.3 percent recorded in 3Q 2013.
Area industrial properties experienced 94,642 sf of positive net absorption in 3Q 2014 which raised the year-to-date total to 528,936 sf of net gain.
Rental rates for area industrial space continue to gain momentum in the wake of tightening supply. The citywide average quoted rental rate currently stands at $7.76 per sf per year on a triple net basis, which is up $0.22 or 2.9 percent compared to 3Q 2013.
Although no new speculative industrial projects were delivered to the market during 3Q 2014, there is more than 800,000 sf of industrial space currently under construction.
REOC San Antonio: 3Q 2014 Industrial*
All Types |
Citywide |
CBD |
Non-CBD |
3Q 2014 |
3Q 2013 |
3Q 2014 |
3Q 2013 |
3Q 2014 |
3Q 2013 |
Inventory |
33,427,213 |
32,347,757 |
233,395 |
233,395 |
33,193,818 |
32,114,362 |
Direct vacant |
2,051,109 |
2,369,967 |
0 |
28,548 |
2,051,109 |
2,341,139 |
Vacant |
6.1% |
7.3% |
0.0% |
12.2% |
6.2% |
7.3% |
Average rent |
$7.76 |
$7.54 |
N/A |
$3.60 |
$7.76 |
$7.57 |
3Q Absorption |
94,642 |
316,485 |
0 |
0 |
94,642 |
316,485 |
YTD Absorption |
528,936 |
1,146,329 |
28,548 |
11,912 |
500,388 |
1,134,417 |
*Statistics based on all multi-tenant industrial facilities 20,000 sf and larger excluding single-tenant, owner-occupied and government buildings.
For more stats, see Industrial under San Antonio Market Data Sources.
| San Antonio Business Journal
| San Antonio-New Braunfels
| Industrial
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