Nov 8, 2012
San Antonio 3Q 2012 industrial market: NAI REOC
SAN ANTONIO - The industrial market continues to experience significant improvement. New leases and expansions generated 112,605 sf of positive net absorption which demonstrated a sustained demand for industrial space...
SAN ANTONIO – The industrial market continues to experience significant improvement. New leases and expansions generated 112,605 sf of positive net absorption which demonstrated a sustained demand for industrial space in the Alamo City and lowered the citywide vacancy rate to 10.6 percent.
The third quarter gain pushed the year-to-date total to 948,142 sf — more than the total of the past three years combined.
| 3Q 2012 | 3Q 2011 | |
| Inventory (SF) | 31,643,100 | 31,177,030 |
| Available (SF) | 3,364,505 | 4,266,243 |
| % Vacant | 10.6 | 13.7 |
| Average rent per sf | $5.63 | $5.55 |
| 3Q Absorption (SF) | 112,605 | 90,290 |
| YTD Absorption (SF) | 948,142 | 250,564 |
Source: NAI REOC San Antonio
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