San Antonio 4Q 2012 industrial NAI REOC
SAN ANTONIO – The San Antonio industrial market continued its strong performance in fourth quarter 2012 to close out the year with a citywide vacancy rate under 10 percent, “a mark not easily achieved,” says Kim Gatley of NAI REOC San Antonio.
The citywide industrial market vacancy rate tightened to 9.9 percent at the end of the year, which is down from 10.6 percent the previous quarter and significantly improved compared to 13.2 percent recorded at the end of 2011.
New leases and expansions generated 207,041 sf of positive net absorption in 4Q 2012. Combined with activity recorded in the first three quarters, the industrial market experienced more than 1.2 million sf of positive net absorption in 2012 — a feat not accomplished since 2007 when the market recorded more than 1.4 million sf of net gain.
| Submarket* | Total Inventory | Total Vacant SF | Vacant | Avg. Quoted Rent Rate |
| CBD | 233,395 | 69,934 | 30.0% | $3.15 |
| NC | 4,809,966 | 624,617 | 13.0% | $7.27 |
| Far NC | 26,844 | 3,322 | 12.4% | $12.00 |
| NW | 4,072,810 | 699,020 | 17.2% | $9.34 |
| NE | 16,704,162 | 1,514,567 | 9.1% | $4.34 |
| South | 5,641,051 | 207,799 | 3.7% | $5.43 |
| Far West | 154,872 | 25,650 | 16.6% | $6.10 |
| Totals | 31,643,100 | 3,144,909 | 9.9% | $5.63 |
*Submarket maps are available in the report.
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