REOC San Antonio healthy industrial market 4Q 2013
SAN ANTONIO – The San Antonio industrial market closed out 2013 with a citywide vacancy rate of 6.8 percent — the lowest on record and down compared to 7.3 percent last quarter and 9.9 percent recorded in the same quarter last year.
The healthy fourth quarter gain pushed the year-end total absorption figure to nearly 2.5 million sf — another record set and besting the 1.5 million sf recorded in 2007, according to Kim Gatley of REOC San Antonio.
The citywide average cost of renting industrial space rose $0.04 over 4Q 2013 to reach $7.58 per sf on a triple net basis — up an impressive $0.52 or 7.4 percent compared to 4Q 2012.
| Submarket* | Total Inventory | Total Vacant SF | Vacant | Avg. Quoted Rent Rate |
| CBD | 233,395 | 28,548 | 12.2% | $3.60 |
| NC | 5,389,176 | 642,536 | 11.9% | $8.67 |
| Far NC | 26,586 | 6,549 | 24.6% | $11.00 |
| NW | 4,128,118 | 512,180 | 12.4% | $8.75 |
| NE | 18,023,774 | 1,001,706 | 5.6% | $5.56 |
| South | 5,626,830 | 102,886 | 1.8% | $7.00 |
| Far West | 120,200 | 0 | 0.0% | $6.10 |
| Totals | 33,548,079 | 2,294,405 | 6.8% | $7.58 |
*Submarket maps are available in the report.
For more industrial stats, check out San Antonio Market Data Sources.
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