Jul 2, 2013
San Antonio 1Q 2013 medical report NAI REOC
SAN ANTONIO - According to the survey of more than 6.2 million sf of medical-only office space conducted by the research department of NAI REOC San Antonio, area medical office...
SAN ANTONIO – According to the survey of more than 6.2 million sf of medical-only office space conducted by the research department of NAI REOC San Antonio, area medical office buildings experienced 141,532 sf of positive net absorption in first quarter 2013.
As a result of healthy gains, the citywide vacancy rate improved to 17.0 percent — down from 17.9 percent last quarter and 19.7 percent compared to the same quarter last year.
| Citywide | Central Business District (CBD) | Non-CBD | ||||
| All Classes | 1Q 2013 | 1Q 2012 | 1Q 2013 | 1Q 2012 | 1Q 2013 | 1Q 2012 |
| Inventory | 6,215,352 | 6,058,615 | 1,011,408 | 975,908 | 5,203,944 | 5,082.707 |
| Available | 1,055,466 | 1,155,371 | 101,346 | 128,054 | 954,120 | 1,027,317 |
| Vacant | 17.0% | 19.1% | 10.0% | 13.1% | 18.3% | 20.2% |
| Average rent | $23.72 | $23.34 | $20.71 | $19.59 | $24.31 | $24.06 |
| 1Q absorption | 141,532 | 35,257 | 20,995 | 119 | 120,537 | 35,138 |
| YTD absorption | 141,532 | 35,257 | 20,995 | 119 | 120,537 | 35,138 |
Read more at NAI REOC San Antonio.
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