REOC: San Antonio 1Q 2014 retail | REOC: San Antonio 1Q 2014 retail | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=3999 | 2014-06-06T13:46:00Z | 2014-06-06T07:00:00Z |
SAN ANTONIO - According to the survey of nearly 47 million sf of retail lease space, healthy tenant demand generated 288,308 sf of positive net absorption in the first three months of the year, according to REOC.
This absorption tightened the citywide vacancy rate to 10.1 percent compared to 10.3 percent in 4Q 2013 and 11.0 percent recorded in 1Q 2013.
At the close of 1Q 2014, the citywide average quoted triple net rental rate stepped back $0.18 compared to 4Q 2013 to settle at $16.42 per sf per year. However, the current average is up $0.82 compared to the 1Q 2013 for an upbeat annual increase of 5.3 percent.
REOC San Antonio: 1Q 2014 Retail
All Types |
Citywide |
CBD/South |
Non-CBD/North |
1Q 2014 |
1Q 2013 |
1Q 2014 |
1Q 2013 |
1Q 2014 |
1Q 2013 |
Inventory |
46,999,000 |
46,818,085 |
6,365,096 |
6,369,211 |
40,633,904 |
40,448,874 |
Available |
4,736,494 |
5,151,056 |
743,030 |
835,171 |
3,993,464 |
4,315,885 |
Vacant |
10.1% |
11.0% |
11.7% |
13.1% |
9.8% |
10.7% |
Average Rent |
$16.42 |
$15.60 |
$14.71 |
$14.57 |
$16.55 |
$15.70 |
1Q Absorption |
288,308 |
-4,818 |
55,652 |
9,952 |
232,656 |
-14,770 |
See the full report at REOC San Antonio.
| REOC San Antonio
| San Antonio-New Braunfels
| Retail
| http://www.reocsanantonio.com/pdf/qr/sa_ret_snapshot_1q14.pdf | | | | Read more at {Source} |