Cushman & Wakefield office snapshot: 1Q 2015 San AntonioCushman & Wakefield office snapshot: 1Q 2015 San Antoniohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=8922015-05-28T13:36:00Z2015-05-28T00:00:00Z

SAN ANTONIO - Entering 2015 as a city with reinforced job growth and human capital, San Antonio continues to keep pace as one of Texas’ and the nation’s economic frontrunners.

In February, San Antonio notched a 5.9 percent annualized employment growth rate, far outpacing that of Texas at 1.3 percent.

Overall, the San Antonio office market experienced decreased vacancy rates and increased asking average rental rates from one year ago.

The outlook for San Antonio’s office market appears positive and ready to absorb the stream of new construction availabilities coming online in the next two years.

San Antonio 1Q 2015 Statistics
  1Q 2014 1Q 2015 Y-O-Y
Overall vacancy 16.2% 14.8% -1.4pp*
Direct asking
rents (PSF/YR)
$19.58 $19.80 1.1%
YTD leasing
activity (SF)
356,896 229,624 -35.7%

*percentage point

Source: Cushman & Wakefield.

See the full San Antonio Office Snapshot 1Q 2015 report.

San Antonio Market Research
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