JLL: San Antonio office insights 1Q 2015JLL: San Antonio office insights 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8622015-06-02T07:48:00Z2015-06-02T00:00:00Z

SAN ANTONIO - Jones Lang LaSalle (JLL) released its first quarter 2015 Office Insight for the San Antonio market.

Over 500,000 sf of construction was delivered in San Antonio’s north and northwest markets in first quarter 2015.

The new inventory was 100 percent leased and three of the four delivered buildings are occupied by a single tenant. These major tenants include CyrusOne, Harland Clarke and the United States Government.

There are currently six buildings under construction, representing over 600,000 sf of new office inventory.

Almost 1 million sf of office space traded hands this quarter across the north and northwest markets.

The largest trade was RidgeWood Park Office Campus in northern San Antonio with 618,000 sf selling for over $150 million.

JLL Office Insight 1Q 2015
Avg. Rent
Downtown 5,174,932 20,378 16.5% $20.76
Far North Central 1,048,663 17,020 19.6% $26.32
North Central 7,376,751 15,930 14.4% $23.11
Northeast 3,079,434 -885 15.5% $22.12
Northwest 8,499,081 90,826 22.7% $22.79
South 439,622 41,831 7.2% $23.27
Suburban San Antonio 20,443,551 164,722 18.1% $22.99
San Antonio total 25,618,483 185,100 17.8% $22.55

Here's the full 1Q 2015 JLL's San Antonio Office Insight and Stats.

For more 1Q 2015 reports see San Antonio-New Braunfels Market Research. Also see San Antonio NewsTalk.

Company News Release
San Antonio-New Braunfels
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

 Search NewsTalk Texas