CBRE: San Antonio industrial 2Q 2014
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 $6.00 range since 2011.
Below is a preview of CBRE’s 2Q 2014 full report.
| Market | Rentable Area | Total Vacancy Rate | Availability Rate | Net Absorption (SF) | Avg. Asking Lease Rates ($/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.
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