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San Antonio office 3Q 2013 REOCSan Antonio office 3Q 2013 REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=56502014-02-05T12:15:00Z2013-11-21T08:00:00Z

SAN ANTONIO - Conditions in the San Antonio office market continue to improve, but activity in the third quarter was rather slow. Demand for office space generated only 13,874 sf of positive net absorption for the period spanning July through September.

“The slowed demand for office space reflects recent job losses recorded in the latest employment figures – the devil is in the details,” says Kim Gatley of REOC San Antonio.

The average quoted full-service rental rate for area office space climbed $0.14 over the quarter to reach $19.59 per sf per year.

Submarket Total
Inventory
Total
Vacant SF
Vacant Avg. Quoted
Rent Rate
San Antonio 3Q 2013 Office Report
CBD 5,673,787 1,681,997 29.6% $19.60
Core NC 8,447,594 1,215,469 14.4% $19.73
Far NC 2,497,810 178,853 7.2% $22.75
NW 8,290,103 1,728,082 20.8% $19.18
Far W 333,780 31,632 9.5% $22.75
NE 1,979,084 296,759 15.0% $15.37
South 810,267 145,528 18.0% $18.01
Totals 28,032,425 5,278,320 18.8% $19.59


Source: REOC San Antonio

REOC San Antonio
San Antonio-New Braunfels
Office
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