REOC: San Antonio 1Q 2015 industrialREOC: San Antonio 1Q 2015 industrialhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=8872015-05-29T12:56:00Z2015-05-29T00:00:00Z

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

Don't forget! Visit San Antonio-New Braunfels Market Research for more stats.

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