2013 San Antonio's office market modest improvements: REOC2013 San Antonio's office market modest improvements: REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=48072014-02-27T07:56:00Z2014-02-27T00:00:00Z

SAN ANTONIO - The local office market managed to post improved leasing figures in 2013, despite the weak job growth in 2013, according to REOC San Antonio. Over the 12 months ended December 31, 2013, the office market experienced positive absorption of 325,994 sf of space — up from the 163,087 sf absorbed during the same 12 months in 2012.

But of the 325,994 sf of office space absorbed in 2013, roughly 300,000 of that was absorbed during the first half of 2013. After that, the pace slowed considerably, says Kim Gatley of REOC San Antonio, who points to lagging job growth as the leading culprit in this slowdown.

Job growth, which was rather anemic in 2013, focused primarily on industries less connected to the office market.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/2014/02/san-antonio-s-office-market-shows-modest.htmlRead more at {Source}

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