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REOC: San Antonio 1Q 2014 industrialREOC: San Antonio 1Q 2014 industrialhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=40082014-06-05T07:05:00Z2014-06-05T06:45:00Z

SAN ANTONIO - After turning in a tremendous performance in 2013, the San Antonio industrial market recorded a positive but measured start in 2014, according to REOC San Antonio.

According to the survey of nearly 33.7 million sf of industrial lease space, new leases and expansions inked in 1Q 2014 netted 230,787 sf of positive absorption.

1Q 2014 marked a twelfth consecutive quarter of positive net absorption.

Over that period, the citywide vacancy rate tightened from 13.2 percent to 6.7 percent — that is down from 6.8 percent in 4Q 2013 and 9.1 percent recorded in 1Q 2013.

With vacancy on the decline, rental rates are on the rise. The citywide average quoted triple net rental rate for industrial space increased to $7.58 per sf per year – up $0.19 or 2.6 percent compared to 1Q 2013.

REOC San Antonio: 1Q 2014 Industrial
All Types Citywide CBD Non-CBD
1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013
Inventory 33,668,050 32,015,187 233,395 233,395 33,434,655 31,781,792
Direct vacant 2,270,372 2,913,519 28,548 40,460 2,241,824 2,873,059
Vacant 6.7% 9.1% 12.2% 17.3% 6.7% 9.0%
Average rent $7.58 $7.39 $3.60 $3.48 $7.61 $7.43
1Q Absorption 230,787 318,855 0 0 230,787 318,855


For the full report and a submarket map, see REOC San Antonio.

REOC San Antonio
San Antonio-New Braunfels
Industrial
http://www.reocsanantonio.com/qr.htmRead more at {Source}

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