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NAI REOC: San Antonio 3Q 2012 retailNAI REOC: San Antonio 3Q 2012 retailhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89472012-11-27T11:52:00Z2012-11-27T00:00:00Z

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.pdfRead more at {Source}

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