Cushman & Wakefield office report: 4Q 2012 San AntonioCushman & Wakefield office report: 4Q 2012 San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80552013-03-05T08:14:00Z2013-03-05T00:00:00Z

SAN ANTONIO - San Antonio finished a strong 2012 with unemployment at 5.8 percent, continuing an improving trend and bringing the city to its lowest unemployment rate since December 2008.

The San Antonio Economic Development Foundation reported that San Antonio has gained over 4,000 jobs as a result of the Eagle Ford Shale oil boom. An estimated 21,000 total jobs have been added in San Antonio this year.

Fourth quarter 2012 saw over 800,000 sf of investment sales transactions, surpassing the combined total of the prior three quarters.

San Antonio continues to expand and outperform the national economy. And 2013 may be the year when substantial new developments move from concept to announcement to reality.

San Antonio 4Q Office Market Statistics
  4Q 2012 4Q 2011
Overall vacancy 15.1% 15.4%
Direct asking rents (psf / yr) $19.40 $19.05
YTD leasing activity (sf) 1,956,342 2,379,788

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