SAN ANTONIO - The local industrial sector had another active quarter. Between July and September, leasing activity led to the absorption of more than 300,000 sf of space, according to the third quarter report by REOC San Antonio.
Over the first nine months of the year, the local industrial market posted positive absorption of more than 1.1 million sf.
The citywide vacancy rate stands at 7.3 percent — an all-time low for this real estate sector, observes Kim Gatley, senior vice president and director of research for REOC.
Market conditions indicate that this sector is ready for its next wave of new construction.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.