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NAI REOC San Antonio 2Q 2012 medical reportNAI REOC San Antonio 2Q 2012 medical reporthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=97482012-09-04T06:52:00Z2012-09-04T00:00:00Z

SAN ANTONIO - Demand for medical-office space has remained strong and San Antonio-area medical office properties continue to move forward, says Kim Gatley of NAI REOC San Antonio.

New leases and expansions inked in second quarter generated 50,854 sf of positive net absorption within the medical office market which raised the year-to-date figure to 86,111 sf of total net gain.

The medical market vacancy rate also improved to 19.0 percent compared to 19.7 percent in 1Q 2012 and 20.6 percent recorded in 2Q 2011.

The average quoted rental rate ticked up three cents over the quarter to reach $23.37 per sf per year on a full-service basis. The average price for top-tier, Class A medical space remained relatively flat at $26.98.

San Antonio 2Q 2012 Medical Report
2Q 2012
Submarket
Total Inventory Total Vacant SF Vacant Avg. Quoted
Rent Rate
CBD 1,011,408 144,023 14.2% $19.77
Core NC 286,383 31,541 11.0% $23.91
Far NC 1,063,440 291,915 27.5% $28.64
NW 2,435,590 480,964 19.7% $22.41
Far West 189,046 19,545 10.3% $27.81
NE 525,027 124,826 23.8% $23.70
South 606,337 71,801 11.8% $22.10
Totals 6,117,231 1,164,615 19.0% $23.37


Source: NAI REOC San Antonio

REOC San Antonio
San Antonio-New Braunfels
Medical
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