JLL: San Antonio office insights 2Q 2015JLL: San Antonio office insights 2Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3272015-07-20T13:04:00Z2015-07-20T11:00:00Z

SAN ANTONIO - Jones Lang LaSalle (JLL) released its second quarter 2015 Office Insight for the San Antonio market.

With so much growth in San Antonio and Texas in general, demand for office space continues to grow and with growing demand comes higher rental rates.

San Antonio’s rental rates have jumped 30 percent since 2005, only decreasing once in 2009.

San Antonio’s total vacancy rate is now at its lowest point since 2008.

The market now sits at 14 percent total vacancy in comparison to 2008 when vacancy was at its lowest point in a decade at 12.5 percent.

Demand for office space will continue to rise as San Antonio’s labor force grows with low unemployment.

JLL Office Insight 2Q 2015
Avg. Rent
Downtown 5,199,872 -5,864 20.7% $20.31
Far North Central 1,136,866 9,227 7.4% $27.03
North Central 7,338,679 59,248 10.6% $23.66
Northeast 3,072,171 -2,156 10.6% $24.14
Northwest 8,753,141 88,261 15.2% $22.72
South 437,605 436 9.2% $23.29
Suburban San Antonio 20,738,462 155,016 12.3% $23.33
San Antonio Total 25,938,334 149,152 14.0% $22.41

Here's the full 2Q 2015 JLL's San Antonio Office Insight and Stats.

For more data see San Antonio-New Braunfels Market Research. Also see San Antonio NewsTalk.

Company News Release
San Antonio-New Braunfels
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