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REOC: San Antonio 2Q 2014 retailREOC: San Antonio 2Q 2014 retailhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=33032014-08-21T13:08:00Z2014-08-21T00:00:00Z

SAN ANTONIO - What fuels the local retail market? According to the second quarter 2014 REOC retail report, employment growth continues to drive demand for housing which, in turn, drives retail.

For the 12 months ending June 2014, the greater San Antonio metro area added 22,500 jobs which equates to annual growth rate of 2.5 percent.

Looking ahead, available space will continue to dwindle, especially while development remains dominated by Walmart and other user-driven activity. However, development in high-growth and well-established niche markets is heating up.

REOC San Antonio: 2Q 2014 Retail
All Types Citywide CBD / South Non-CBD / North
2Q 2014 2Q 2013 2Q 2014 2Q 2013 2Q 2014 2Q 2013
Inventory 47,164,952 46,489,788 6,375,326 6,365,096 40,789,626 40,124,692
Direct vacant 4,679,243 4,925,390 757,115 702,425 3,922,128 4,222,965
Vacant 9.9% 10.6% 11.9% 11.0% 9.6% 10.5%
Average rent $16.58 $15.95 $15.50 $17.23 $16.67 $15.84
2Q absorption 108,746 118,705 -13,799 -3,033 122,545 121,738
YTD absorption 371,043 94,487 41,853 2,878 329,190 91,609

*Statistics based on all multi-tenant industrial facilities 20,000 sf and larger excluding single-tenant, owner-occupied and government buildings.

For the full report see REOC San Antonio.

For more stats, see Retail under San Antonio Market Data Sources.

REOC San Antonio
San Antonio-New Braunfels
Retail
http://www.reocsanantonio.com/pdf/qr/SA_RET_Snapshot_2Q14.pdfRead more at {Source}

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