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San Antonio industrial 3Q 2013 REOCSan Antonio industrial 3Q 2013 REOChttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=56642013-11-21T07:42:00Z2013-11-21T00:00:00Z

SAN ANTONIO - The San Antonio industrial market continued its solid performance in third quarter, according to Kim Gatley of REOC San Antonio. Leasing activity generated positive net absorption for a tenth consecutive quarter.

New leases and expansions in the third quarter generated 316,485 sf of positive net absorption led by gains in the Northeast sector totaling 181,651 sf. Area industrial properties have experienced more than 1.1 million sf of positive net absorption year-to-date.

The citywide vacancy rate has tightened to 7.3 percent which is down compared to 8.1 percent last quarter and 10.6 percent recorded in the same quarter one year ago.

Submarket* Total
Inventory
Total
Vacant SF
Vacant Avg. Quoted
Rent Rate
San Antonio 3Q 2013 Industrial Report
CBD 233,395 28,548 12.2% $3.60
NC 5,389,176 583,671 10.8% $8.88
Far NC 26,586 6,549 24.6% $11.00
NW 4,177,296 566,999 13.6% $8.61
NE 16,774,274 1,081,034 6.4% $5.54
South 5,626,830 102,886 1.8% $7.00
Far West 120,200 0 0.0% $6.10
Totals 32,347,757 2,369,687 7.3% $7.54

*Submarket maps are available in the report.

Source: REOC San Antonio

REOC San Antonio
San Antonio-New Braunfels
Industrial
http://www.reocsanantonio.com/pdf/qr/reoc_san_antonio_industrial_report_3q13.pdfRead more at {Source}

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