SAN ANTONIO - A new analysis of San Antonio’s office market is showing a widening leasing gap between the city’s newer Class A properties and everything else. At the end of third quarter 2012, Class A properties in San Antonio’s office market recorded a vacancy rate of 13.1 percent.
By contrast, Class B and Class C building vacancy rates came in at 22.7 percent and 31.8 percent, respectively, a market analysis by NAI REOC San Antonio shows.
As of 3Q 2012, the Class A office buildings were posting an average rent of $25.04 per sf. By comparison, the average asking rent in the Class B market stood at $19.66 per sf and at $16.28 for Class C buildings.
Read more at the San Antonio Business Journal.
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