NAI REOC: San Antonio 3Q 2012 retail | NAI REOC: San Antonio 3Q 2012 retail | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8947 | 2012-11-27T11:52:00Z | 2012-11-27T00:00:00Z |
SAN ANTONIO - New leases and expansions generated 458,873 sf of positive net absorption from the beginning of July through the end of September, according to the research department of NAI REOC San Antonio.
Third quarter activity raised the year-to-date total net absorption to 751,586 sf — more than double the amount recorded through the same period last year at this time. As a result, the citywide vacancy rate improved to 11.8 percent, down from 12.7 percent last quarter and 12.6 percent recorded a year ago.
The average citywide quoted triple net rental rate remained relatively stable compared to last quarter at $18.37 per sf per year — up only $0.02 compared to last quarter and $0.20 compared to the same quarter last year.
San Antonio 3Q 2012 Retail Report
3Q 2012
Submarket |
Total
Inventory |
Total
Vacant SF |
Vacant |
Avg. Quoted
Rent Rate |
Core NC |
8,518,123 |
899,914 |
10.6% |
$19.09 |
Far NC |
4,839,413 |
626,978 |
13.0% |
$18.14 |
NE |
7,947,609 |
1,257,514 |
15.8% |
$15.40 |
NW |
14,403,164 |
1,594,207 |
11.1% |
$18.61 |
CBD |
1,340,287 |
211,708 |
15.8% |
$25.91 |
South |
5,027,194 |
416,226 |
8.3% |
$15.98 |
Far West |
4,673,689 |
502,743 |
10.8% |
$22.96 |
Totals |
46,749,479 |
5,509,290 |
11.8% |
$18.37 |
Source: NAI REOC San Antonio
| REOC San Antonio
| San Antonio-New Braunfels
| Retail
| http://www.naireocsanantonio.com/pdf/market_summaries/sa_retail_snapshotsum_3q12.pdf | | | | Read more at {Source} |