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REOC: San Antonio 2Q 2015 retail marketREOC: San Antonio 2Q 2015 retail markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=562015-08-25T08:46:00Z2015-08-25T07:30:00Z

SAN ANTONIO - The San Antonio retail market closed second quarter 2015 with a citywide vacancy rate of 10 percent.

There were no notable deliveries in 2Q but more than 826,000 sf of multi-tenant retail space is currently under construction led by the redevelopment of the former Joske’s Building at RiverCenter Mall downtown.

The remaining projects under construction are mostly smaller, unanchored centers scattered throughout the market in niche locations.

REOC San Antonio: 2Q 2015 Retail*
All Types Citywide CBD / South Non-CBD / North
2Q 2015 2Q 2014 2Q 2015 2Q 2014 2Q 2015 2Q 2014
Inventory 47,163,523 47,164,952 6,244,326 6,375,326 40,919,197 40,789,626
Direct vacant 4,721,976 4,679,243 580,536 757,115 4,141,440 3,922,128
Vacant 10.0% 9.9% 9.3% 11.9% 10.1% 9.6%
Average rent $16.30 $16.58 $15.24 $15.50 $16.40 $16.67
2Q absorption 65,962 108,746 -1,377 -13,799 67,339 122,545
YTD absorption 230,479 371,043 27,949 41,853 202,530 329,190


*Statistics based on multi-tenant centers totaling 20,000 sf and larger (including both leaseable and separately owned inline space). Rental rates reflect non-weighted strict average asking rates quoted on an annual triple net basis (excluding regional malls).

Source: REOC San Antonio (all reports)

Don't forget! See San Antonio Market Research for more quarterly reports.

REOC San Antonio
San Antonio-New Braunfels
Retail
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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