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CBRE: San Antonio industrial 2Q 2014CBRE: San Antonio industrial 2Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=35582014-07-22T07:05:00Z2014-07-22T07:00:00Z

SAN ANTONIO - Despite a lack of available space, the San Antonio industrial market had another quarter of positive activity. Net absorption for second quarter 2014 was positive 205,961 sf, shrinking vacancy to 6.6 percent, according to CBRE.

The industrial market ended the first half 2014 with a total of 541,541 sf of positive net absorption.

NNN asking rates for available industrial space jumped to $6.33 per sf this quarter, a $0.34 increase from asking rates in Q1 2014. This is the first time city-wide asking rates have risen above the $6.00 range since 2011.

Below is a preview of CBRE's 2Q 2014 full report.

San Antonio Industrial Market Statistics: 2Q 2014
Market Rentable
Area
Total
Vacancy
Rate
Availability
Rate
Net
Absorption
(SF)
Avg. Asking Lease Rates
($/SF/YR)*
Warehouse
Distribution
Flex R&D
CBD 335,229 2.4% 2.4% 0 $0.00 $0.00
North Central 5,876,207 6.9% 6.9% 77,447 $6.84 $8.84
Northeast 19,871,878 4.9% 10.5% 120,963 $4.37 $7.54
Northwest 5,182,892 11.0% 13.0% 7,551 $4.36 $9.74
South 2,795,962 10.7% 10.7% 0 $2.88 $8.69
Total 34,062,168 6.6% 10.5% 205,961 $4.55 $8.78

*for NNN leases

See CBRE's full report including previous quarters.

Also see other real estate sectors at San Antonio Market Data Sources.

CBRE
San Antonio-New Braunfels
Industrial
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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