NAI REOC San Antonio 4Q 2012 medical reportNAI REOC San Antonio 4Q 2012 medical reporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=81332013-02-25T06:59:00Z2013-02-25T00:00:00Z

SAN ANTONIO - The medical market continued along a steady path of recovery as noted in fourth quarter 2012, according to NAI REOC San Antonio. The year-end checkup revealed that the citywide vacancy rate improved to 17.9 percent — down from 18.2 percent last quarter and 20.3 percent compared to the end of 2011.

New leases and expansions generated 41,939 sf of positive net absorption in fourth quarter which raised the year-end total gain to 178,267 sf.

Demand for medical real estate continues to exceed available product which limits investment activity and financing for the development of speculative medical office projects remains a challenge to new construction.

San Antonio 4Q 2012 Medical Report*
  4Q 2012 4Q 2011
Inventory 6,146,768 6,097,123
Available 1,100,514 1,236,875
Vacant 17.9% 20.3%
Average rent $23.56 $23.09
4Q absorption 41,939 -22,793
YTD absorption 178,267 33,692

*Data represent citywide space of all classes.

REOC San Antonio
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