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REOC: San Antonio 4Q 2013 officeREOC: San Antonio 4Q 2013 officehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=46592014-03-19T07:15:00Z2014-03-19T00:00:00Z

SAN ANTONIO - The local office market ended the year on a positive note but it struggled to maintain momentum in the second half. San Antonio-area office properties accumulated roughly 300,000 sf of positive net absorption in the first six months of 2013 but the pace then slowed considerably.

Job growth, which was rather anemic in 2013, focused primarily on industries less connected to the office market while industries. Despite the variability in the pace of recovery, the local office market continues to show improvement and the outlook for the San Antonio area remains positive.

San Antonio 4Q 2013 Office Report
All Classes Citywide CBD Non-CBD
4Q 2013 4Q 2012 4Q 2013 4Q 2012 4Q 2013 4Q 2012
Inventory 28,288,300 28,487,004 5,673,787 5,623,892 22,614,513 22,863,112
Available 5,504,785 5,823,337 1,683,367 1,874,595 3,821,418 3,948,742
Vacant 19.5% 20.4% 29.7% 33.3% 16.9% 17.3%
Average rent $19.72 $20.99 $19.95 $18.97 $19.69 $21.49
4Q Absorption 34,509 94,890 -1,370 43,772 35,879 51,118
YTD Absorption 325,994 163,087 88,196 -333,297 237,798 496,384


For the full report see REOC San Antonio. For more, see San Antonio commercial office stats under the Center's Market Data Sources.

REOC San Antonio
San Antonio-New Braunfels
Office
http://www.reocsanantonio.com/pdf/qr/sa_officesnapshot_4q13.pdfRead more at {Source}

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