REOC: San Antonio 1Q 2015 industrial | REOC: San Antonio 1Q 2015 industrial | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=887 | 2015-05-29T12:56:00Z | 2015-05-29T00:00:00Z |
SAN ANTONIO - San Antonio industrial properties successfully maintained momentum in first quarter 2015 after recording an impressive performance in 2014.
New leases and expansions inked in the first three months of the year translated into 376,707 sf of positive net absorption.
To date, the slowdown in Eagle Ford Shale activity south of San Antonio has not had a significant impact on leasing velocity or demand for industrial space in the metro area.
If oil prices do not recover beyond $60/barrel in the months ahead, then the market may be negatively impacted by year end.
Topping the list of contributors to the healthy first quarter absorption total was the newly completed 200,000-sf distribution FedEx Ground facility located at 9935 Doerr Lane in Schertz, in the far northeast San Antonio metro area.
REOC San Antonio: 1Q 2015 Industrial*
All Types |
Citywide |
CBD |
Non-CBD |
1Q 2014 |
1Q 2015 |
1Q 2014 |
1Q 2015 |
1Q 2014 |
1Q 2015 |
Inventory |
33,668,050 |
34,306,300 |
233,395 |
233,395 |
33,434,655 |
34,072,905 |
Direct vacant |
2,270,372 |
2,829,268 |
28,548 |
0 |
2,241,824 |
2,829,268 |
Vacant |
6.7% |
8.2% |
12.2% |
0.0% |
6.7% |
8.3% |
Average rent |
$7.58 |
$7.64 |
$3.60 |
N/A |
$7.61 |
$7.64 |
1Q Absorption |
230,787 |
376,707 |
0 |
0 |
230,787 |
376,707 |
YTD Absorption |
230,787 |
376,707 |
0 |
0 |
230,787 |
376,707 |
*Statistics based on all multi-tenant industrial facilities 20,000 sf and larger excluding single-tenant, owner-occupied and government buildings.
Source: REOC San Antonio
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| REOC San Antonio
| San Antonio-New Braunfels
| Industrial
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