San Antonio 3Q 2012 industrial submarket NAI REOC | San Antonio 3Q 2012 industrial submarket NAI REOC | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8999 | 2012-11-16T09:50:00Z | 2012-11-16T00:00:00Z |
SAN ANTONIO - The San Antonio industrial market continues to experience significant improvement with new leases and expansions generating 112,605 sf of positive net absorption.
The citywide vacancy rate lowered to 10.6 percent — “the lowest on record since 2000 when NAI REOC started tracking the industrial market,” says Kim Gatley, Senior Vice President and Director of Research for NAI REOC San Antonio.
The third quarter gain pushed the year-to-date total to 948,142 sf of positive net gain — an amount that exceeds the annual total for the past three years combined.
San Antonio 3Q 2012 Industrial Report
Submarket* |
Total
Inventory |
Total
Vacant SF |
Vacant |
Avg. Quoted
Rent Rate |
CBD |
233,395 |
69,934 |
30.0% |
$3.15 |
NC |
4,809,966 |
631,898 |
13.1% |
$7.29 |
Far NC |
26,844 |
3,322 |
12.4% |
$12.00 |
NW |
4,072,810 |
575,979 |
14.1% |
$9.30 |
NE |
16,704,162 |
1,811,523 |
10.8% |
$4.34 |
South |
5,641,051 |
246,199 |
4.4% |
$5.46 |
Far West |
154,872 |
25,650 |
16.6% |
$6.10 |
Totals |
31,643,100 |
3,364,505 |
10.6% |
$5.63 |
*Submarket maps are available in the report.
| REOC San Antonio
| San Antonio-New Braunfels
| Industrial
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