Cushman & Wakefield: San Antonio Industrial Snapshot 1Q 2015Cushman & Wakefield: San Antonio Industrial Snapshot 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8982015-05-28T10:44:00Z2015-05-28T00:00:00Z

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 experienced a 5.9 percent annualized employment growth rate, far outpacing that of Texas at 1.3 percent, according to the Dallas Fed’s San Antonio Economic Indicators report. San Antonio notched an eight-year low unemployment rate of 3.8 percent.

San Antonio’s industrial market continues to experience low vacancy rates, coupled with an overall trend of increasing asking rental rates.

Since 4Q 2013, new distribution centers for Amazon, Carrier, Caterpillar, Glazer’s, and Sysco, ranging from 500,000 sf to more than 1 million sf, have opened along San Antonio’s major highway corridors.

With low vacancy rates that are even lower for modern-quality inventory, the market should be ready to absorb the 700,000 sf of new, speculative construction delivering this year.

San Antonio 1Q 2015 Statistics
  1Q 2014 1Q 2015 Y-O-Y
Overall vacancy 8.7% 10.5% 1.8 pp*
Direct asking
rents (PSF/YR)
$5.65 $5.92 4.8%
YTD leasing
activity (SF)
652,157 326,253 -50.0%

*percentage point

See San Antonio Industrial Snapshot 1Q 2015 (PDF) for the full report.

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