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REOC: San Antonio 4Q 2013 medical office reviewREOC: San Antonio 4Q 2013 medical office reviewhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=47612014-03-04T09:03:00Z2014-03-04T00:00:00Z

SAN ANTONIO - The local medical office market experienced 39,409 sf of positive net absorption in fourth quarter which raised the year-end total to 245,206 sf, according to the fourth quarter 2014 report by REOC San Antonio.

The citywide vacancy rate remained stable over the quarter at 16.8 percent and stands improved compared to 18.0 percent recorded in the same quarter the previous year.

At the close of 4Q 2013, quoted full-service rental rates for all medical-only office property averaged $23.86 per sf on an annual basis, showing a gain of $0.06 over the previous quarter and $0.30 compared to the same quarter a year ago.

San Antonio 4Q 2013 Medical Office Report
All Types Citywide CBD Non-CBD
4Q 2013 4Q 2012 4Q 2013 4Q 2012 4Q 2013 4Q 2012
Inventory 6,426,265 6,118,868 1 ,012,037 1,011,408 5 ,414,228 5,107,460
Available 1,078,435 1,100,514 82,060 122,341 996,375 978,173
Vacant 16.8% 18.0% 8.1% 12.1% 18.4% 19.2%
Average rent $23.86 $23.56 $20.78 $20.08 $24.44 $24.25
4Q absorption 39,409 41,939 4,690 10,456 34,719 31,483
YTD absorption 245,206 178,267 40,281 41,332 204,925 136,935


For the full report see REOC San Antonio.

REOC San Antonio
San Antonio-New Braunfels
Medical
http://www.reocsanantonio.com/pdf/qr/sa_mobsnapshot_4q13.pdfRead more at {Source}

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