Feb 6, 2014
CoStar 4Q: San Antonio industrial vacancy decreases
SAN ANTONIO - The local industrial market ended fourth quarter 2013 with a vacancy rate of 6.2 percent — down over the previous quarter. Net absorption totaled positive 83,747 sf...
SAN ANTONIO – The local industrial market ended fourth quarter 2013 with a vacancy rate of 6.2 percent — down over the previous quarter. Net absorption totaled positive 83,747 sf in 4Q 2013, compared to positive 67,302 sf in 3Q 2013.
Vacant sublease space decreased in the quarter, ending the quarter at 329,183 sf. Rental rates ended 4Q 2013 at $5.68, an increase over the previous quarter.
A total of three buildings delivered to the market in the quarter totaling 19,998 sf, with 2,720,674 sf still under construction at the end of the quarter.
Read more at CoStar Group.
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